DANVERS — As a part of his commitment to expanding and maintaining IRA knowledge and expertise, Thomas T. Riquier, CFP®, president of The Retirement Financial Center in Danvers, completed three days of advanced IRA training in Kansas City, Mo.
This in-depth workshop with Ed Slott and Company, America’s IRA Experts, provided in-depth retirement account planning strategies, estate planning techniques, new tax laws, and the importance of continuous IRA training.
“Roth IRAs were first introduced in 1998, and after spending the last 20 years of my career educating both financial professionals and consumers on retirement account planning strategies, I can say that many Americans are just as confused about the rules surrounding Roth IRAs as they were 20 years ago,” said Ed Slott, CPA, founder of Ed Slott and Company.
“Riquier has been associated with our advanced training program for eight years, and I commend him for staying current with his retirement planning education so that he can best serve his clients as they transition into retirement. With this ongoing training, Riquier can confidently answer his clients’ toughest Roth IRA questions and provide them with knowledgeable advice and insight,” said Slott, a nationally recognized IRA expert named “The Best Source for IRA Advice” by The Wall Street Journal.
Highlights from the training included an in-depth look at Net Unrealized Appreciation (NUA) planning and strategies, a review of the once-per-year IRA rollover rule, planning strategies for non-spouse beneficiaries, tax reduction strategies and planning for state estate taxes, legacy planning strategies, and an examination of the latest IRA case studies and rulings, as well as a special session dedicated to the upcoming 20th anniversary of the Roth IRA.
The session detailed the history of the Roth IRA and included frequently asked questions about this type of retirement account.
“By regularly attending the in-depth training provided by Ed Slott and his team, I am confident that I am up to speed on the latest information in tax and retirement account planning and can serve my clients and community with advanced planning strategies,” said Riquier.
Slott’s Master Elite IRA Advisor Group is Ed Slott and Company’s most prestigious level of training. The membership includes year-round access to Ed Slott and Company’s team of retirement experts for consultation on advanced planning topics.
“Now more than ever, it’s important that people are working with financial professionals who have specialized IRA knowledge and training,” said Slott. “Advisors not specifically trained in the intricacies of advanced planning may not understand how to effectively build an exit strategy for their clients’ assets and may fail to create a plan that will get them through retirement. Members of Ed Slott’s Master Elite IRA Advisor Group™ receive specialized training on the latest distribution strategies for building a reliable retirement income, allowing them to better assist their clients with protecting their assets and maximizing their life savings.”
Slott said Congress has changed several laws and made multiple provisions to help improve Roth IRAs over the last 20 years. These constant changes not only leave Americans confused about their retirement planning options, they also leave many financial professionals unaware that their Roth IRA knowledge is outdated.
“Advisors who are not trained in the intricacies of advanced retirement planning may not understand whether a traditional or a Roth IRA is the best fit for their client, and they are therefore unable to create a financial plan that mitigates taxes and protects the client’s nest egg. Advisors who receive ongoing education from Ed Slott and Company have the knowledge, ability and resources to provide their clients with up-to-date advice that is in their best interest,” Slott said.
Training was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA; Beverly DeVeny and Sarah Brenner, JD. Ed Slott and Company and many of the advisors in Ed Slott’s Master Elite IRA Advisor Group™ are the go-to resources for attorneys, CPAs and other financial advisors because of their in-depth knowledge and expertise in all areas of retirement account planning.
Thomas T. Riquier is a Certified Financial Planner™ professional and has been in business on the North Shore for more than 46 years. He is president of The Retirement Financial Center, an Ed Slott Master Elite IRA Advisor Group™ member, and teaches retirement financial planning classes. Riquier is an investment advisory representative offering securities and advisory services through United Planners Financial Services.
For more information about IRA and retirement-related questions, call Riquier at 978-777-5000, or email [email protected].
“With the 20th anniversary of the Roth IRA approaching, now is a great time to ensure that my clients and community are aware of all of their retirement planning options. Deciding whether to use a Roth IRA can be confusing, so education is key,” said Riquier. “This training provides me with the latest information on ways to address complicated Roth IRA planning scenarios and, if I encounter an unusual question or situation, I have a team of retirement experts available.”
Ed Slott and Company, LLC is the nation’s leading provider of IRA training for financial advisors. Membership in Ed Slott’s Elite IRA Advisor Group is limited to the top financial professionals in the United States. Mr. Slott is a nationally recognized IRA distribution expert, best-selling author, professional speaker, and the host of several public television specials, including “Ed Slott’s Retirement Road Map!”