Life and Death Tax Planning for Annuities
As the use of annuities increases, particularly amongst baby boomers planning for retirement, professional advisors face more and more situations where they must properly report on and plan for annuity transactions. However, annuities are subject to unique rules of taxation. In this session, we will cover the income and estate tax treatment of deferred annuities during life and death, with a particular focus on the complex rules and significant areas of ambiguity that apply to post-death distribution requirements from deferred annuities
Trusts as Beneficiaries of IRAs
As the use of trusts in estate planning becomes increasingly popular for both tax and non-tax reasons, and clients continue to accumulate more and more assets in retirement accounts, the use of trusts as beneficiaries of IRAs is increasing desirable and necessary. Unfortunately, though, the rules pertaining to IRAs payable to a trust after death are complex and challenging. In this session, we will explore the unique requirements for IRAs to preserve and maximize their tax deferral after death when a trust is the beneficiary, with details about the rules for trusts to qualify for the IRA’s post-death tax deferral “stretch,” how to calculate the actual post-death required minimum distributions for the trust, and examples of specific wording from sample trusts.
Presented by Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™, Pinnacle Advisory Group, Columbia, Maryland
AGENDA
5:30 – 6:00 PM - Registration, Drinks and Networking
6:00 - 8:00 PM - Dinner and Presentations
COST
In Advance - Members: $45 / Non-Members: $55
At the Door - Members: $55 / Non-members: $70
TO REGISTER
- CLICK HERE FOR PDF REGISTRATION FORM
- Fax or mail registration form and credit card payment (Fax: 305-470-7487 / Mail: FPA of Miami-Dade, P.O. Box 560982, Miami, FL 33256-0982)
- Mail registration form and payment by check to FPA of Miami-Dade, P.O. Box 560982, Miami, FL 33256-0982
- Call 786-390-7655 to register by phone with a credit card
- Payment must be received by September 5, 2008, or guaranteed with a credit card. Cancellations received 48 hours prior to the meeting will receive a full refund. No-shows will be invoiced
WHERE
Hurricane 100 Room, University of Miami BankUnited Center, 1245 Dauer Dr., Coral Gables
CLICK HERE FOR PDF DRIVING DIRECTIONS AND PARKING INFORMATION
CE
Accepted by CFP Board for two hours of CE credit. Approved by Florida Dept. of Financial Services for two hours of insurance CE credit.
ABOUT OUR SPEAKER
Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™
MICHAEL E. KITCES is the Director of Financial Planning for Pinnacle Advisory Group, a private wealth management firm located in Columbia, MD that oversees approximately $600 million of client assets. In addition, he is the publisher of the e-newsletter The Kitces Report and the blog Nerd’s Eye View through his website Kitces.com, dedicated to advancing knowledge in financial planning. Beyond his website, Michael is an active writer and editor across the industry and has been featured in Financial Planning, the Journal of Financial Planning, Journal of Retirement Planning, Practical Tax Strategies, and Leimberg Information Services, aswell as The Wall Street Journal, BusinessWeek, CNBC PowerLunch, NBC Nightly News, andmore. In addition, Michael is a co-author with John Olsen of “The Annuity Advisor”, the firstbalanced and objective book on annuities written for attorneys, accountants, and financialplanners, and is also a co-author of “Tools & Techniques of Retirement Income Planning” withSteve Leimberg and others.Michael was recognized as one of only 5 financial planning practitioner “Movers and Shakers”for 2006 by Financial Planning magazine, and was recognized as one of 20 “Rising Stars inWealth Management” by Institutional Investor News for 2007. These awards were presented tohonor Michael’s active work in the financial planning community, serving as a member of theEditorial Review Board for the Journal of Financial Planning, a Moderator for the discussion boards on Financial-Planning.com, a commentator on annuity, retirement distribution, and retirement planning issues for Leimberg Information Services, Inc., and for his work as an active member of the Financial Planning Association at the local and National level. Michael is also a co-founder of NexGen, a community of the next generation of financial planners that aims to ensure the transference of wisdom, tradition, and integrity, from the pioneers of financial planning to the next generation of the profession.
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