Your clients trust you with their financial security – make sure you’re advising them with the best information available. The Personal Financial Planning Conference features a full day of instruction on key issues your clients are facing.
Our keynote speaker presenting two sessions is Michael E. Kitces, MSFS, MTAX, CFP®, CLU,ChFC, RHU, REBC, CASL, Chief Financial Planning Nerd at Kitces.com!
Looking for more insight? Join us for the Personal Financial Planning Conference Series!
Save $50 and couple this conference with access to two virtual sessions from Anirban Basu, CEO of Sage Policy Group and renowned local economist, featuring updates on the current economic climate and where the data suggests we’re headed. You’ll leave with practical takeaways to help your clients, along with the economic context and understanding you need to prepare them for the future.
Speaker: Maurice Offit, Principal, Offit Kurman, P.A.
Gain practical knowledge to engage in meaningful discussion with regard to whether Revocable Living Trusts would be an appropriate estate planning tool.
Session highlights:
Discussion of Revocable Living Trusts
Pros of using Revocable Living Trusts
When should they be used?
What are the advantages of using Revocable Living Trusts?
Cons of using Revocable Living Trusts
When is it not appropriate to use them?
What are the disadvantages of using Revocable Living Trusts?
This session has been pre-approved for 1 CFP Credit.
9:30 am
Strategies for Managing Sequence of Return Risk in Retirement
Speaker: Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL, Chief Financial Planning Nerd at Kitces.com
For long-term investors, the reality is that even if markets are volatile for a period of time, as long as the portfolio stays invested, returns can average out in the long run. In the case of retirees, however, ongoing spending withdrawals introduce the possibility that if the portfolio experiences weak returns early on, it could be depleted entirely before the good returns finally show up. As a result, retirees must consider this “sequence of returns” risk when planning for retirement, and strategies to manage it, from reducing spending in the first place, to engaging in more dynamic asset allocation to reduce risk exposure, or dynamic spending strategies to adapt spending withdrawals to market changes along the way!
This session has been pre-approved for 1 CFP Credit.
10:30 am
Advanced Roth Conversion Planning
Speaker: Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL, Chief Financial Planning Nerd at Kitces.com
The natural appeal of a Roth-style retirement account is the potential for tax-free growth for life. However, the reality is that creating a Roth account has a “cost” – the upfront tax liability of contributing to (or converting into) the account, which is avoided with a traditional pre-tax IRA or 401(k). As a result, optimal Roth strategies involve not merely contributing to or converting into Roths, but managing the timing and leveraging the available tax law to maximize the strategy. In this session, we explore techniques to maximize Roth contributions, including so-called “Backdoor Roth” IRAs and “Mega Backdoor Roth” 401(k) strategies, and leveraging the Roth recharacterization rules to optimally fill lower tax brackets, and be able to ensure that an investment in a Roth has a positive return before being required to commit to it!
This session has been pre-approved for 1 CFP Credit.
11:30 am
How to Evaluate Your Care Options
Speaker: Ellen Platt
Understand the differences and nuances of various levels of care, what to look for when you are searching and what do they cost?
Session Highlights:
Independent Living
Assisted Living
Memory Care
Skilled Nursing
Continuing Care Retirement Community
Respite
Rehabilitation
Hospice
This session has been pre-approved for 1 CFP Credit.
12:30 pm
Lunch Break
1:00 pm
Estate Planning Update - 2020 Selected Topics
Speaker: Kevin Bress
Some very interesting changes in Federal and Maryland law occurred in 2020 that will undoubtedly impact many of your clients. This session will highlight a few of them and will offer some creative “work arounds” for clients to consider.
Session highlights:
Anticipating changes to the Federal Estate and Gift Tax regime
Maryland’s New Spousal Share Law – Will Litigation Floodgates Open?
Secure Act upends traditional estate planning with trusts as beneficiary
Common Law Marriages in Maryland – Who Knew They are Enforceable?
This session has been pre-approved for 1 CFP Credit.
2:00 pm
How to Select Product - Features to meet various needs for LTC
Speaker: Tim Kelly
In this course you will learn how to guarantee long term care coverage for your clients regardless of their health. In today’s market, there are a large number of different LTC solutions available and many are unknown by your clients. Based upon your client’s health, wealth, and preferences you will be able to provide the solution that guarantees the greatest amount of insurance leverage.
Session highlights:
Start the discussion with Fact Finding.
Health, Wealth, and Preferences are the key factors in determining the best solution.
The health continuum and what solutions are most suitable.
The different LTC solutions and how do they work.
How do you help your uninsurable clients?
This session has been pre-approved for 1 CFP Credit.
