2-Day Biannual Workshop Held for Members of Ed Slott’s Elite IRA Advisor GroupSM to Train on Latest Retirement Account Planning Strategies, New Tax Laws and Guidelines for New DOL Fiduciary Rule
Robert J. Whelan of Robert Whelan CPA, PC. has completed his 2-day biannual training from America’s IRA Experts with Ed Slott and Company, LLC in Atlanta, Georgia on May 12 through 13, 2016. The workshop, which was attended by members of Ed Slott’s Elite IRA Advisor GroupSM, provided an in-depth technical training on advanced retirement account planning strategies, estate planning techniques and new tax laws, as well as insight on rules and regulations pertaining to the Department of Labor’s new Fiduciary Rule.
“Many advisors want to provide advice in the best interests of their clients, and now with the new DOL legislation, are legally required to do so when it comes to most of their retirement accounts. However, without the knowledge to adhere to the ‘Best Interest Standard’ set forth in the Fiduciary Rule, many uninformed advisors may be inadvertently doing their clients a disservice,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally recognized IRA expert who was named “The Best Source for IRA Advice” by The Wall Street Journal. “I commend Robert, who has been associated with our advanced training program for 2 years, for aspiring to have the latest training and education as it relates to retirement planning and for continuing to invest in his education for the benefit of his clients, well before legislation required it.”
As part of his membership with the organization, Robert attends two in-person workshop sessions each year on advanced planning topics, totaling nearly 40 hours of in-person training each year. Highlights from this event included: estate tax reduction strategies; advanced IRA trust planning, including when and when not to name a trust as an IRA beneficiary; charitable IRA rollovers and how the PATH Act of 2015 makes qualified charitable distributions (QCDs) a permanent feature in the US tax code; the elimination of two key Social Security filing strategies and revised techniques for income planning; tax planning for investment income; rules for contributing to multiple retirement accounts; IRA creditor protection strategies; overcoming IRA rollover challenges now that more restrictive rules were put in place in 2015; Roth recharacterization and IRA withdrawal strategies; and more.
Training was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Jeff Levine, CPA/PFS, CFP®; Beverly DeVeny and Sarah Brenner, JD and included a review of case studies and rulings that impact IRAs and retirement planning overall. Ed Slott and Company’s team of retirement experts, along with many of the advisors in Ed Slott’s Elite IRA Advisor GroupSM, are often go-to resources for attorneys, CPAs and other financial advisors because of their in-depth knowledge and expertise in all areas of retirement account and income planning.
Members also receive year-round access to Ed Slott and Company’s team of retirement experts for more advanced planning support, as well as step-by-step processes, including the Complete IRA Care Solutions™ 35-module planning guide, worksheets and pamphlets, including The Definitive Guide to Required Minimum Distributions for Baby Boomers, and more to use when working with clients.
“Ed Slott and Company’s team of retirement experts truly provides the most advanced, in-depth retirement account training available in the financial services industry. As a member of this organization for more than 2 years, I have confidence in my capabilities to provide clients advice in their best interest as it relates to their IRA and retirement income sources, and take comfort that I have access to one of their technical consultants if an unusual situation or question comes my way,” says Robert.
“99 percent of advisors are not aware of the latest tax and IRA distribution rules, that is why it is so important for financial professionals to receive on-going education and for consumers to work with a well-informed advisor,” says Slott. “A comfortable retirement begins with accurate IRA advice, and advisors associated with Ed Slott and Company always have access to the latest retirement account and tax planning rules and strategies available.”
Robert Whelan can be contacted for more information on IRA and retirement related questions. Please visit www.robertwhelan.net or call 573-785-3008.
ABOUT ED SLOTT AND COMPANY, LLC:Ed Slott and Company, LLC is the nation’s leading provider of technical IRA training for financial advisors, CPAs and attorneys. Membership to Ed Slott’s Elite IRA Advisor GroupSM is limited to the top financial professionals in the United States, with nearly 400 professionals dedicated to the ongoing training and mastery of advanced retirement account and tax planning laws and strategies. Mr. Slott is a nationally recognized IRA distribution expert, best-selling author, professional speaker, and host of several public television specials, including “Ed Slott’s Retirement Road Map!” Visit www.IRAHelp.com for more information.