Quarterly Education Meeting

Wednesday
Feb
12
2020

8:30 am - 4:00 pm
Location: UCI Student Center
A, 311 W Peltason Dr
Irvine, CA 92697


Join Us!

Join us for our next Quarterly Education meeting on Wednesday, February 12, at the UCI Student Center from 8:30 AM – 4:00 PM.

FPAOC Members – Register for BOTH the Annual Quarterly Meeting Pass AND the February Quarterly Meeting here at the same time!

Cost: FPAOC Quarterly Meeting Pass $120 | FPA Members (February Meeting Only) $35 | First-Time Visitors $35 | Non-Members $180
Lunch, parking and applicable continuing education credits are included.

CE: We anticipate offering 3.0 hours CFP CE and 4.0 hours CPA CPE.

RSVP: By Noon on February 7, 2020

Plus, mark your calendars now for our other 2020 meetings: May 13, August 26 and November 4, 2020. (All Wednesday dates)

Speakers & Agenda:


Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL

Partner and the Director of Research for Pinnacle Advisory Group, Publisher of the e-newsletter The Kitces Report and the blog Nerd’s Eye View



Session Title:
Trusts as Beneficiaries of IRAs
Summary:

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.


Learning Objectives:
  • Describe the post-death IRA distribution requirements and options based upon the type of designated (or non-designated) beneficiary
  • Identify the four requirements necessary for trusts to qualify as designated beneficiaries
  • Explain the tax consequences of trusts receiving RMDs, as well as when the trust distributes income to beneficiaries of the trust
  • Be able to determine the applicable distribution period for the RMDs
  • Compare and contrast the income treatment within conduit and accumulation trusts

Level of Complexity: Advanced

CE: 1.0 hour CFP CE and 1.0 hour CPA CPE

Bio:

Michael E. Kitces, is a partner and the Director of Wealth Management for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees more than $2.0 billion of client assets.

In addition, he is a co-founder of the XY Planning Network, AdvicePay, and New Planner Recruiting, the former Practitioner Editor of the Journal of Financial Planning, the host of the Financial Advisor Success podcast, and the publisher of the popular financial planning continuing education blog Nerd’s Eye View through his website www.Kitces.com, all dedicated to advancing knowledge in financial planning.


Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL

Partner and the Director of Research for Pinnacle Advisory Group, Publisher of the e-newsletter The Kitces Report and the blog Nerd’s Eye View



Session Title:
#Ask(Almost)Anything @MichaelKitces

Learning Objectives:

Level of Complexity: Overview

CE: This session is designed to create a robust discussion, so no CE is available for this hour.

Bio:

Michael E. Kitces, is a partner and the Director of Wealth Management for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees more than $2.0 billion of client assets.

In addition, he is a co-founder of the XY Planning Network, AdvicePay, and New Planner Recruiting, the former Practitioner Editor of the Journal of Financial Planning, the host of the Financial Advisor Success podcast, and the publisher of the popular financial planning continuing education blog Nerd’s Eye View through his website www.Kitces.com, all dedicated to advancing knowledge in financial planning.


Kwame Christian, Esq., M.A.

Director of the American Negotiation Institute



Session Title:
Negotiation & Conflict Resolution
Summary:

This customized workshop is designed to make difficult conversations easier and give you the confidence you need to overcome fear, frustration, and anxiety. These workshops will help you to communicate confidently, deal with difficult people, and get what you deserve.


Learning Objectives:
  • How to have critical conversations
  • How to create trust and understanding
  • How to use critical conversations as an opportunity to understand your colleagues, stakeholders, and clients and create an atmosphere that facilitates open conversation

Level of Complexity: Overview

CE: 1.0 hour CFP CE and 1.0 hour CPA CPE

Bio:

Kwame Christian, Esq., M.A. is the Director of the American Negotiation Institute where he conducts negotiation and conflict management workshops around the country. As an attorney and mediator with a Bachelor of Arts in Psychology, a Master of Public Policy, and a law degree, Kwame brings a unique multidisciplinary approach to making difficult conversations easier. In addition to his role with the American Negotiation Institute, Kwame also serves as a professor at The Ohio State University Moritz College of Law, the top ranked dispute resolution program in the country, and Otterbein University’s MBA program.

He is the author of the best selling book Nobody Will Play With Me: How to Use Compassionate Curiosity to Find Confidence in Conflict and his TEDx Talk, Finding Confidence in Conflict, was the most popular TED Talk on the topic of conflict of 2017. Kwame also hosts the top negotiation podcast in the world, Negotiate Anything. The show has been downloaded over 1,000,000 times and has listeners in 183 different countries.

Website: https://americannegotiationinstitute.com/
Connect with Kwame on Instagram: @negotiateanything
LinkedIn: https://www.linkedin.com/in/kwamechristian/
Twitter: @KO_Christian


Michael Finke, PhD, CFP®

Professor of Wealth Management and the Frank M. Engle Distinguished Chair in Economic Security, The American College of Financial Services



Session Title:
Planning for a Life in Retirement
Summary:

Retirement planning involves a unique set of challenges for advisers including an unknown planning period, investment returns, lifestyle, and physical and cognitive decline. This session will include a discussion of trends in longevity, new research on the stages in retirement, spending and time use patterns, and life satisfaction. A comprehensive retirement plan incorporates both financial and lifestyle goals, and this session will provide insight into how an advisor can help clients get the most out of the this life cycle stage.


Learning Objectives:
  • Understanding spending patterns in retirement
  • Recognizing the predictors of life satisfaction in retirement
  • Understanding how physical and cognitive decline affect planning strategies

Level of Complexity: Intermediate

CE: 1.0 hour CFP CE and 1.0 hour CPA CPE

Bio:

Michael Finke, Ph.D., CFP® is a Professor and Frank M. Engle Distinguished Chair in Economic Security at The American College of Financial Services. Dr. Finke served as the editor of the Journal of Personal Finance and is a contributing editor at Investment Advisor magazine. He received a doctorate in consumer economics from the Ohio State University in 1998 and in finance from the University of Missouri in 2011. He was named to the 2013 and 2014 Investment Advisor IA25 list and the 2012 Investment News Power 20, and received the Montgomery Warschauer best paper award from the Journal of Financial Planning in 2013 and 2014, and the CFP Board Center for Financial Planning Best Paper Award in investments in 2017.

Website: MichaelFinke.com

Follow Hichael Finke on Twitter: @FinkeonFinance


Taylor Schulte, CFP®

Founder & CEO, Define Financial



Session Title:
10 Marketing Hacks to Generate Inbound Leads Through Your Website
Summary:

Before the internet, generating leads required cold calling, shaking hands, and knocking on doors. Today, more and more consumers are using the internet to find a financial advisor. I believe there is a giant opportunity for advisors to optimize their online presence to help connect with consumers in need of their expertise.

In this presentation, I’m sharing ten marketing hacks that were critical to generating 100+ organic, inbound leads through my firm’s website in a single year. From hyper-local SEO strategies to tips for creating a good user experience with the help of automation and technology, advisors will walk away with actionable strategies to attract more clients online without breaking the bank.


Learning Objectives:
  • How to optimize your website to help turn cold web visitors into potential clients
  • Actionable tips for improving local and national Search Engine Optimization (SEO)
  • The top tech tools needed to streamline your sales process and create a good user experience while still maintaining a personal touch

Level of Complexity: Overview

CE: 1.0 hour CPA CPE Only. No CFP CE will be available for this session.

Bio:

Taylor Schulte, CFP®, is the founder of Define Financial, a fee-only retirement planning firm in San Diego. In addition, Schulte hosts The Stay Wealthy Retirement Podcast, teaching people how to reduce taxes, invest smarter, and make work optional. He has been recognized as a top 40 Under 40 adviser by InvestmentNews and one of the top 100 most influential advisers by Investopedia. When he’s not perfecting financial plans, you can find him traveling with his family, searching for the next best carne asada burrito, or trying to master Adam Scott’s golf swing.

Website: www.definefinancial.com