529 ABLE Accounts, Mortgages As Inflation Hedge, Building An Equity-Indexed Annuity, And Qualified Charitable Distributions From IRAs – Course Overview
Course Review Date:
This month we review the November 2016 articles on Nerd’s Eye View, specifically the following five: (1) Using Age Banding To Estimate How Spending Will Decline In Retirement, (2) Bad Mortgage Prepayment Psychology And The Need For Automatic Recasting, (3) The Future Of Estate Planning And Potential Repeal Under President Trump, (4) Strategies To Rescue A Life Insurance Policy With A Sizable Loan, and (5) Understanding The 2017 Income Tax Reform Proposals: President Trump Vs House Republicans.
– LO #1: Discuss the traditional view of retirement spending. Explain what age banding is, and how it can help us understand how retirement spending needs to change. Discuss the differences in retirement spending patterns given retirement age bands. Illustrate how financial planners can implement an age-band retirement spending plan.
– LO #2: Discuss the poor psychological characteristics of mortgage prepayments. Explain how recasting a mortgage after principal repayment works. Identify the costs and hassles of manually recasting a mortgage. Explain how automatically recasting loans could incentivize healthy saving behavior.
– LO #3: Discuss President-Elect Trump’s proposed tax legislation. Discuss the potential for Federal estate tax repeal. Identify estate planning strategies for clients at different stages within the planning process. Discuss ideas for adjusting an estate plan as well as 2016 year-end planning considerations.
– LO #4: Identify the problems associated with life insurance loan strategies. Explain what a life insurance loan rescue strategy is. Identify specific loan rescue strategies. Discuss the importance of ongoing monitoring when implementing a loan rescue strategy.
– LO #5: Discuss the possibilities of individual income tax reform in 2017. Identify tax reform proposals from both President Trump and the Republicans. Discuss the political feasibility of income tax reform in 2017.
Instructional Delivery Method:
– Self Study
Level of Complexity:
How hours are determined:
– CFP CE credit determined based on word count
– Recommended CPE determined based on word count
– CFP: General Principles of Financial Planning / Insurance Planning / Tax Planning / Retirement Planning / Estate Planning /
– NASBA: Specialized Knowledge (Personal Financial Planning)
– CE: 1.0 hour
– CPE (recommended): 1.0 hour
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