"FSP webinars have tremendous value for financial professionals. There is a wide array of interesting topics to choose from, and the ability to assemble a group of individuals lets you extend and amplify the value of the program. When supporting material is provided, such as articles, web sites, etc., attendees can continue the dialogue when the program ends."
Laurene B. Prevette, RHU, LUTCF
FSP Board of Directors, 2011-2012
Mom and Pop Are Ready to Retire, But Is Their Money Ready Too?
Securing a Comfortable Retirement for the Small Business Owner
November 19, 2008: 1:00 – 3:15 p.m. (Eastern)
November 20, 2008: 9:00 – 11:15 a.m. (Eastern)
*Chapters can offer programs on national broadcast dates or a date of their own choosing. Each Chapter also determines the cost and location for its program. Consult your Chapter about its plans to present this program.
Program Overview
For years, Mom and Pop poured their time, sweat, and money into their business. Like most business owners, they funneled the lion's share of their income back into the business to meet everyday expenses and to help it grow. Now they want to retire, only to discover that the business itself is their retirement plan. Do they sell it and live off the proceeds? If so, to whom? Keep it and begin taking money out? If so, how? And let's not forget the IRS, which has a keen interest in whatever choice is made.
The first part of this program discusses the retirement options available to the small business owner. Tax implications of C corps, S corps, and other business entities are also considered. The second part uses a case study to illustrate various planning options in practice.
SPECIAL BONUS SESSION included with program.
By the end of the program you will understand:
The scope, characteristics, and financial advice needs of the small business market
The full range of retirement options available to the small business owner
The roles of qualified, nonqualified, and executive bonus plans and tax-deferred annuities in small business owner retirement planning
What opportunities this extremely lucrative market presents to the financial service professional
Who should attend?
Financial planners, insurance producers, investment advisors, retirement counselors, estate planners, and business planners.
Educational Level
Intermediate
Moderator
Steve Parrish, JD, CLU, ChFC, is National Advanced Solutions Consultant for the Principal Financial Group. With more than 30 years experience as a practicing attorney, financial planner and insurance industry executive, he frequently addresses the challenges of business owners and executives.
Mr. Parrish is an expert on business owner financial planning including buy/sell agreements and exit planning as well as executive compensation. He is a recognized industry authority, spokesperson, and author, with work printed in notable publications like Journal of Financial Services Professionals, CPA Wealth Provider, and National Underwriter. As an industry thought leader, he has served as an expert source for such prominent media outlets as Forbes and On Wall Street.
In addition to consulting with business owners and brokers, he is a sought after speaker with industry organizations such as the Million Dollar Round Table and Association for Advanced Life Underwriting. He also takes time to address various chamber, legal, accounting, and business groups.
Panel of Experts
Thomas M. Brinker, Jr., CPA/PFS, ChFC, CFE, AEP is professor of accounting at Arcadia University (formerly Beaver College) in Glenside, Pennsylvania. He also serves as coordinator for the accounting program in the department of Business/Health Administration and Economics. He is a graduate of Saint Joseph's University, where he graduated cum laude. He also holds Masters degrees in Taxation (M.S.T.) and Accounting (M.S.A.) from Widener University, a Juris Doctorate in International Law from Columbia Pacific University, and an LL.M. in International Taxation from Regent University School of Law, where he received the distinction of "Outstanding Graduate" in his class. Mr. Brinker is also a member of the American and Pennsylvania Institutes of Certified Public Accountants, the International Bar Association, and the Caribbean Bar Association. In addition to presenting nationally and internationally on various tax topics, he has published dozens of articles in numerous journals, including The Journal of International Taxation, The Tax Adviser, The CPA Journal, The Journal of Practical Estate Planning, and The Journal of Financial Services Professionals.
Christine G. Forakis, JD, is the founder and senior attorney of The Forakis Law Firm. PLC. Her firm Specializes in complex estate planning, business law, asset protection, charitable, and tax planning. The firm's clients include some of the wealthiest families in Arizona including athletes, politicians, farmers, and business owners. Ms. Forakis was a co-host for the weekly radio show "Creating Your Family Dynasty." She is a frequent public speaker for various groups including the National Business Institute, The Women's Chamber of Commerce, The Money Show, Arizona Real Estate Investors Association, The Arizona Naturopathic Institute, and many others. She received her Juris Doctor degree in May, 1992 from the University of Miami School of Law, during which time she was elected to offices on two Law Reviews.
Donald O. Jansen, Esq., is Senior Tax Counsel, University of Texas System Office of General Counsel. He is a retired senior partner of Fulbright & Jaworski L.L.P. He is a Fellow of the American College of Trust and Estate Counsel and a Fellow of the American College of Tax Counsel. Mr. Jansen is a past Chairman of the Committee of Significant Current literature and Vice-Chair of the Insurance Committee, Probate and Trust Division, Real Property, Probate and Trust Law Section of the American Bar Association. Mr. Jansen is a specialist in Estate Planning and Probate Law certified by the Texas Board of Legal Specialization and is the past Probate Editor of the Newsletter of the Real Estate, Probate and Trust Law Section of the State Bar of Texas. He has been designated by his peers as a Texas Super Lawyer in estate planning in 2003, 2004 and 2005. Mr. Jansen is a member of the Advisory Committee, Heckerling Institute on Estate Planning, University of Miami School of Law.
Questions?
If you have a problem contacting your local chapter, call 800-392-6900 (M-F, 9 a.m.- 4:30 p.m. ET ) or contact us via e-mail at Info@FinancialPro.org
