Course Description

Having sufficient assets to live a comfortable and secure retirement is one of the concerns that many people face. This concern cannot be resolved without having a solid retirement plan. In this course, we will discuss the foundation of most people’s retirement planning – qualified plans. We will discuss the types of qualified plans, how they are taxed, and when they might be useful to clients. Through discussion and real-world examples, we will explore the basic RMD rules from qualified plans and when a distribution may qualify for a penalty exception.

Learning Objectives

  • Recall key differences between qualified and non-qualified plans

  • Identify situations where it is better to use Roth Retirement Plans vs. Traditional Retirement Plans

  • Recognize key differences between SEPs and SIMPLE plans

  • Recall early distribution penalties & exceptions

  • Determine key considerations for setting up a retirement plan for a company

Additional Required Materials

  • Level: Overview

  • Field of Study: Taxes (NASBA); Federal Taxation (IRS); Qualified plan rules and options (CFP)

  • Who Should Attend: CPAs and financial advisors who want to know more about the taxation and how to plan with qualified plans

  • Required Knowledge: Fundamentals of retirement plans

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.