Personal financial planning issues evolve in an increasingly challenging environment where it’s harder to keep up with important and timely changes. Looking forward, CPAs must prepare for the unexpected, and be in tune with new approaches. CPAs must challenge clients to stay focused on their goals, while managing expectations and striving for realism, in order to achieve objectives.
We’ll focus on the newest changes in personal financial planning, and preparing for new opportunities related to income tax, retirement and estate planning issues. An examination of Form 1040 line-by-line from a financial planning perspective, will provide dozens of opportunities. In particular, those with an emphasis on retirement and estate planning strategies.
Formerly titled:Personal Financial Planning Update: Income Tax, Retirement and Estate Update
Determine which financial planning strategies work best with today’s income tax, retirement planning and estate planning issues.
Identify financial planning opportunities resulting from a review of each line item on Form 1040.
Personal financial planning process and its relevance to income tax, retirement and estate planning.
Income tax, retirement and estate planning concerns and solutions.
CPAs, tax practitioners, and retirement and estate planning advisers.
Knowledge or experience working on basic financial planning strategies.