PFP23202A. PFS™ Live! Workshop: Practical Applications for a Pre-Retirement Family Client – Case Study #2

This session works through a case study of a typical pre-retirement family client’s situation as they contemplate moving into retirement. It will discuss how information gathered from the client informs the CPA financial planner on discussion points of specific aspects of topics from the body of knowledge. Background on these points will be discussed to ensure the attendee has a broad working knowledge of why this is important for this client, how it relates the PFP Standards, potential tax impacts, and impacts on the overall financial plan.

Learning Objectives:

• Select the type of personal financial planning engagement that is most appropriate based on the case study’s facts and circumstances
• Determine the number of months the personal financial planning client has funded in their emergency reserves based on their statement of financial position
• Calculate the future value of the personal financial planning client’s retirement income needs.
• Determine the annual payment amount needed to fund the personal financial planning client’s retirement goal