Course Description

While lots of attention is given by financial advisors and the media to saving for retirement, there is much less focus given to distribution planning. Those entering the retirement phase feel vulnerable, since the portfolio is often their only income source. As advisors, we are often tasked with answering questions around how to make the portfolio last and what changes we need to make based on market conditions. In this course, we will explore theories and strategies around distribution planning. We will discuss academic research on safe withdrawal rates and retirement consumption to figure out how these topics influence portfolio composition. We will also discuss where this research could be modified to adapt to the varying needs of different retirees.

Learning Objectives

  • Recognize the effects of distribution planning on the portfolio.

  • Recognize the implications of safe withdrawal research on distribution planning.

  • Identify how distribution planning informs portfolio composition.

Additional Required Materials

  • Level: Intermediate

  • Field of Study: Finance (NASBA); Retirement Savings & Income Planning (CFP)

  • Who Should Attend: Tax practitioners and financial advisors who want a better understanding of theories and strategies on distribution planning.

  • Required Knowledge: Fundamental understanding of portfolio composition and client risk factors.

  • 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.