PRO DAY AGENDA

The Greensboro Chapter of SFSP is proud to present our annual premier education and networking event. With five hours of CE and over 150 financial professionals in attendance, it is one of the largest such gatherings in NC each year. Please join us.  

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Morning Session 8:00 – 9:00 am - Continental Breakfast 

9:00 – 10:30 am - Panel Discussion on "Self-insured Long-Term Care Planning" - (CPA, CFP/CFA, Attorney                     - Keith Jarmusch, Terry Stanaland, Steve Arrington, Chip Cromartie, and Kevin Baldwin as                                     moderator

10:30 – 10:45 am - Break

10:45 – 12:15 pm - Panel continued

12:15 – 1:30 pm - Lunch

Afternoon Session

1: 30 – 2:30 pm - Breakouts - 3 Sessions

Wills, Trusts & Estate Planning - Brad Jacobs 

MEPs - Pete Swisher 

Millennial Planning - Larry Diana 

2:30 – 3:00 pm - Break

3:00 – 4:00 pm - Group Session: Buy/Sell - Keith Wood 

4:00 – 5:30pm - Cocktails and heavy appetizers

MORNING CASE STUDY

3 hours Continuing Education – CFP, CLE, CPE, and NC CIE

Abstract: Our clients, Joseph and Mary Horndecker, came to us with concerns regarding care for Joe’s mother Martha.  Martha is getting a little forgetful and they want to be sure she is taken care of should she need more care than they can give her now.  During the conversation more information came to light regarding concerns for themselves and for Joe’s sister, Karen.

What follows is a true to life family situation that requires the coordinated efforts from a team of professionals to adequately address the financial, emotional and physical challenges that are looming on the horizon. 

Will Martha need adult day care?  Will the Horndecker General Store close after 3 generations?  Will Mary lose the family farm if she and Joe need long term care?  Will Karen be left homeless?

Come find out the answers to these and other pressing questions at Professional Day.

Moderator: Kevin Baldwin, CLU, ChFC

Panelists:

Steven Arrington, JD

Chip Cromartie, MPA

Terence Stanaland, JD, CPA, ChFC

Keith Jarmusch, CPA

AFTERNOON BREAKOUTS

Three, Concurrent, One-Hour Courses After Lunch: PICK ONE

Breakout 1: Multiple Employer Plans

Instructor – Pete Swisher, CFP, CPC

1 hour Continuing Education – CFP, CLE, CPE, and NC CIE

Abstract: You’ve heard about the problem: An alarmingly high percentage of American workers, especially among those who work for smaller companies, don’t have access to a retirement plan through their employers.  Despite legislative efforts over the years to create plans tailored for small employers—like the Savings Incentive Match Plan for Employees (SIMPLE) IRA—and to provide tax incentives to encourage small companies to set these plans up, a coverage gap persists.

To help narrow this coverage gap, a handful of states are preparing to launch programs that would require employers within these states that do not maintain retirement plans to automatically enroll employees in IRAs funded with payroll deductions.  But unlike 401(k)s or other qualified retirement plans, these state-based IRA programs do not permit matching or other types of employer contributions, and the amounts employees can contribute are subject to the IRA limits, which for 2019 are $6,000 per year for those under 50 years of age and $7,000 for employees age 50 or older—less than one-third of what 401(k) plans currently allow.

Now, however, a promising solution to encourage more employers to adopt 401(k)s or other qualified retirement plans is being seriously considered in Washington, with bipartisan support: namely, to expand and enhance a vehicle that has been around for generations—the multiple employer plan (MEP). This could enable unrelated as well as related employers to join together and offer a retirement plan while realizing economies of scale.

Breakout 2:  What You Need to Know About the Generations

Instructor – Larry Diana

1 Hour CPE ONLY; No other continuing education credits

Abstract: By the year 2025, labor experts are predicting that 75% of the workforce will be made up of Millennials.

This presentation will enable the audience to:

·       Identify characteristics of the four generations with a focus on Millennials

·       Understand each generation’s unique contributions

·       Diagnose workplace issues from a generational perspective

·       Identify and avoid potential generational conflicts

·       Use tips specific to each generation to enhance communication and employee retention

Breakout 3: Practical Considerations & Issues for Wills, Trusts & Estate Planning

Instructor – Bradley Jacobs, JD, CPA

1 hour Continuing Education – CFP, CLE, CPE, and NC CIE

Abstract: The course will cover probate vs. non-probate assets, including joint ownership and beneficiary designations; issues with intestacy; spousal rights in an estate, including elective share and spousal allowance; requirements for a valid will and special situations; general creditor protection and the use of trusts-and helpful non-tax trust provisions.

LAST COURSE OF THE DAY

Structuring Buy-Sell Agreements Right 

Instructor – Keith Wood, JD, CPA

1 hour Continuing Education – CFP, CLE, CPE, and NC CIE

Abstract: The “buy-sell” agreement is a sort of “premarital agreement” for business owners.  This discussion will review various business issues that arise in planning for business buyouts as well as certain income and estate tax planning opportunities and pitfalls in structuring business buyouts.

Click Here for speaker biographies.

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Hope to see you there!