- Learn about the current economic environment and what to expect in 2021
- Understand how the COVID-19 pandemic has impacted financial planning
- Review what planners need to know about the CARES and SECURE Acts
- Examine what changes may come in the economy post-election
- Explore challenges and solutions in the areas of Social Security and Medicare in Retirement Planning
- Develop tactical financial and tax planning strategies for today's volatile economy
- Gain insight into wills, trusts and advanced directives
- Learn about financial planning for complex divorce
Kristen Zaborski, Ph.D., Associate Professor of Economics, Department Chair, Business, State College of Florida
Explore the current economy and the outlook for 2021 post-election. Learn basic macroeconomic indicators such as GDP, employment, unemployment, underemployment, the natural rate of unemployment, inflation, deflation, price stability, fiscal and monetary policy. Gain a sense of these indicators pre-COVID and post-COVID. What is the impact of COVID on the overall macroeconomic economy? Receive insight of the future economic outlook for 2021 after the U.S. Presidential election.
Jeremiah "Jere" Doyle, Senior Vice President, BNY Mellon Wealth Management
Recent legislation has made significant changes that affect tax and estate planning. This session will discuss the changes to retirement planning including changes to the Stretch IRA rules, charitable planning and business planning. Other topics include PPP loans and how to handle forgiveness, changes to the net operating loss rules and minimum required distribution rules.
Theodore "Ted" J. Sarenski, CPA, PFS, CFP, Chief Executive Officer and President, Blue Ocean Strategic Capital, LLC
You've often heard and read to delay the collection of Social Security as long as possible to obtain the highest benefit possible. Is that the best advice in the time of COVID-19? Learn some different ideas of when to collect based on an individual's circumstance. Learn also about some of the nuances and intricacies of Social Security so you can give accurate and helpful advice.
Additionally, you've likely have seen ads about Medicare Advantage and all the various benefits it offers. What is Medicare Advantage and how does it differ from traditional Medicare? Learn this and more during the Medicare section of this session.
Jeff Juniper, Investment Advisor Representative IAR, CPA Joint Venture
Clients today want more from their financial planning advisors. They don’t want to see their holdings drop 47% to 56% as they did in the past two market corrections. During the 2000 market correction, the S&P 500 lost -47.5%, and it took 7 years+ to get back to where it was on March 20, 2000. During the 2007 correction, the S&P 500 lost -56%. It took more than 5 years to recoup those losses. Think about it. That's 5 ½ to 7 years of ZERO growth! Markets are cyclical; and, you need to plan for it. The majority of Americans have most of their wealth in 401(k)s & IRAs. Is that the most tax efficient strategy? With the recent $3 trillion Corona Virus Stimulus Package our national debt is $27 trillion and that’s 137% of the United States GDP. In addition, the Stretch IRA has gone away. What does all of this mean? Taxes are going up and your clients need Long-Term Macro Tax Planning. Learn how you can control the risk and volatility in your clients' portfolios and guide them in the most tax-efficient manner.
This session is sponsored by CPA Joint Venture
Ellen S. Morris, Esq., Partner, Elder Law Associates PA
Learn how a Will, Trust and Advance Directives, including a durable power of attorney, living will, designation of health care surrogate, HIPAA release and designation of pre-need guardian, assist your clients during their lives, their incapacity if that occurs, upon their deaths and to avoid dreaded guardianship. Understand why these documents give families peace of mind on all aspects of their legal life and after death. Explore the CPA or financial planners’ role in estate planning to benefit their clients and provide that "extra-something" value that separates you from others just doing the task at hand. We’ll discuss how to guide clients to take the proper steps to create their estate plans and advance directives, title accounts properly and avoid probate and guardianship.
Moderator: Joe Terry, Market Team Lead, Presenters: Alyssa Zebrowsky, Wealth Advisor and Marc Seaverson, Wealth Strategist, J.P. Morgan
Explore financial considerations for high net-worth divorces, including estate planning implications, income tax considerations, executive compensation issues and goals-based planning to ensure long-term success post-divorce.
Ben Graybar, Director of Business Development, The Gantt Financial Group
Take a deep-dive into the threats to your retirement and how to tackle these obstacles. Examine the impact of longevity, market volatility, inflation & taxes, health care costs, LTC and leaving a legacy. Learn what you can do today to protect your clients' in their Golden Years.
Brent Schutte, Chief Investment Strategist, Northwestern Mutual Wealth Management, and Economic Analyst, CNBC
Gain insights on how to approach a turbulent market from a strategic and philosophical viewpoint. Explore a global perspective of the post-election marketplace from this nationally recognized financial analyst.
The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.