CPE Course Information
General Information
Course Number: | 060722 |
Course Title: | Elder Financial Abuse; Our Responsibilities for Reporting and Our Exposure & Social Security Planning—Beyond the Basics |
Description: | Renew your PSTAP dues and receive special pricing of just $25 for this meeting! If you haven’t already renewed your PSTAP membership for 2022-2023 call our executive office now (1-800-270-3352) to renew and get this meeting and dinner for only $25! Dinner is included in this fee; if you won’t be joining us for the meal, please send an email to cathy@pstap.org) Elder Abuse: The elderly population in the U.S. (considered those to be 65 and older) is projected to grow to 80 million by the year 2050, and the incidence of elder abuse, including the hard-to-detect financial and material exploitation perpetrated against elders, is also expected to grow. Financial neglect, financial exploitation, and health care fraud are among the more egregious abuse in this category of elder abuse. As trusted financial advisors, many CPAs have an intimate knowledge of their clients' finances, business matters, and family dynamics. CPAs are often able to prevent problems, detect them, and render assistance when such concerns are suspected. Therefore, it is important to know the warning signs of elder financial abuse and what you can do to act on behalf of your clients when necessary. Our esteemed panel will discuss signs of elder exploitation, what CPAs can do when they suspect or are confronted by abusive situations, and the professional risk associated with "looking the other way.” Topics will include: What actually is Elder Financial Abuse? How to Spot and Stop Elder Financial Abuse? What to Do if you Suspect Elder Financial Abuse? What is OUR Responsibility as Tax Professionals if we suspect Elder Financial Abuse while preparing tax returns? What is OUR Exposure as Tax Professionals if we Suspect Elder Financial Abuse while preparing tax returns, but do not Report it ? How to Protect Elders from Financial Abuse ? Social Security Planning Topics include: • Reasons why you should consider adding Social Security and retirement planning. • A process for planning • Understanding the benefit calculation • Analyzing the benefit statement and gaining access to your online account • What happens if you take benefits early, at full-retirement or delay • Understanding the earnings test and it’s misconceptions • Who can receive benefits off or your record? • A real-life case study of an extended family • How does the COLA come into play? • Understanding the family maximum benefit • Traps set for government workers • Taxation of Social Security and the tricks to mitigate it • Understanding the changes from the Bipartisan Budget Act- how they impacted planning and the lucky few who can take advantage of an opening. • Can I change my mind? • How to get a lump sum payment • Understanding Survivors benefits and the need for insurance planning • Bend point analysis- Do I really want to pay the full amount? • How IRMAA can complicate retirement |
Speaker: | Jonathan Ziss & Ron Klein and Tim Sundstrom, CPA |
Knowledge Level: | Basic |
Sponsor: | PSTAP - Philadelphia Tri-County Chapter |
Date: | 07/12/2022 |
Number of Days: | 1 |
Location: | Springfield, Springfield Country Club |
Address: |
400 W. Sproul Road Springfield, PA 19064 |
CPE Credits: | 5 Credits Other |
Host Chapter(s): | Philadelphia |
Meal: |
Day 1 Choices Dinner Buffet No Meal |
Registration Information
Registration Begins: | 12:30 p.m. |
Start Time: | 1:00 p.m. |
End Time: | 5:30 p.m. |
CPE Only Pricing
CPE Only Member Rate: | 25.00 |
CPE Non-Member Rate: | 100.00 |
Pricing
PSTAP Member Rate: | 25.00 |
Non-Member Rate: | 120.00 |
Cancellation Policy
No show, no refund. |
Additional Information
Directions to all CPE Locations |
Comments are closed.