Tax Planning for the Silver Tsunami 2.0

Course Description

Nearly 75 million Americans belong to the baby boomer generation, with approximately 3 million of them reaching retirement age each year through 2025. Guiding these individuals through effective tax strategies will be a crucial responsibility for tax professionals in the coming years. This session will explore the key tax issues faced by those approaching retirement. By understanding these tax issues, tax professionals can develop advisory services to assist these taxpayers achieve a more financially secure retirement.  Focusing on this aspect of tax planning can be highly rewarding, providing a pathway to elevate a tax professional’s practice to deliver more valuable services to its clients.

Learning Objectives

· Gain an understanding of the basics of Social Security and Medicare to have an informed discussion with your clients.

· Better understand the provisions of Prop 19 to guide clients on real estate transfers.

· Understand the importance of the tax planning…