Retirement Plan Tax Strategies for 2024
2.00 Credits
Member Price $89
Non-Member Price $119
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.
Highlights
- An objective look at retirement plan selection
- Pros and cons of different plan types
- Make you an even more valuable resource to your clients
Prerequisites
None
Designed For
CPAs and financial advisors.
Objectives
- Identifying tax-favored planning opportunities for your clients
Preparation
None
Leader(s):
Leader Bios
Mark Clark
Mark Clark, QPA, APA, is a partner in Benefit Associates, Inc., a fee-only pension and profit-sharing plan consulting and administration firm based in Orange, Calif. His areas of practice include complex issues relating to the design, implementation, and operation of qualified retirement plans. Mr. Clark is a member of the California Society of CPAs, the American Society of Pension Professionals & Actuaries and the National Institute of Pension Administrators. He is a guest lecturer at the University of California, Irvine’s CFP program and a chapter speaker at CalCPA meetings throughout the state. He is a course instructor and a conference speaker for the Education Foundation and a course instructor and author for Spidell Publishing.
Non-Member Price $119
Member Price $89