Retirement Plan Tax Strategies for 2024

Monday, December 30, 2024
Webcast or Webinar, Online
5:00 PM - 7:00 PM (opens at 4:30 PM) EST
2Credits

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

CPE PowerPass Users

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/4125020
Level: Overview
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

The SECURE Act (2020) and now SECURE 2.0 (2022) represent the most significant changes to retirement planning since 2001. Arguably, the biggest difference is the retroactive plan adoption provisions. Businesses usually don't have financial results finalized until after the close of the taxable year, and this new extended deadline will give companies extra time to decide whether a retirement plan may be beneficial and, if so, retroactively adopt a new qualified plan to get the benefits of tax deductions for the taxable year just ended. Coupled with the change in available tax credits for adopting new plans, this gives clients a vast opportunity to shelter taxable income with the full benefit of hindsight.

Objectives:

• Identifying tax-favored planning opportunities for your clients

Major Topics:

• An objective look at retirement plan selection • Pros and cons of different plan types • Make you an even more valuable resource to your clients

Major Topics:

• An objective look at retirement plan selection • Pros and cons of different plan types • Make you an even more valuable resource to your clients

Designed For:

CPAs and financial advisors.

Prerequisites:

None