PFP23202B. PFS™ Live! Workshop: Practical Applications for an Older Retired Family Client – Case Study #3

This session works through a case study of a typical older retired family client’s situation as they address common issues at that stage of their lives. 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
• Calculate the cash inflow for the survivor at the death of his or her spouse
• Recognize missing items of income from a personal financial planning client’s spending plan
• Recall the type of care that provides services in a nonresidential community-based group program