The Tools & Techniques of Employee Benefits and Retirement Planning, 18th edition

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2710018B

The Tools & Techniques of Employee Benefit and Retirement Planning, 18th edition provides real-world examples of compensation options, healthcare, life insurance strategies, and fringe benefits to help you understand the important and sometimes unexpected consequences of different planning approaches. The book not only highlights various elements involved in comprehensive financial planning, including estate, tax, cash flow, education planning, and much more—but also introduces important behavioral perspectives and communication techniques.

Explore all aspects of employee compensation and benefits with The Tools & Techniques of Employee Benefit and Retirement Planning. This must-have resource provides real-world examples of compensation options, healthcare, life insurance strategies, and fringe benefits to help you understand the important and sometimes unexpected consequences of different planning approaches. Each approach is explained in clear, easy-to-understand language that takes you through the legal and regulatory requirements for instituting and maintaining benefits while also explaining the tax consequences of different approaches. For those looking to learn more about employee benefits and retirement planning topics, this book additionally includes detailed references to source material to provide jumping-off points for conducting deeper research. Fundamentals of Writing a Financial Plan, Second Edition provides a totally revised and unique approach to helping aspiring financial planners write a comprehensive financial plan. The book outlines how the CFP Board of Standards, Inc. 7-step planning process can be applied when writing a comprehensive financial plan for an individual or family.

The book not only highlights various elements involved in comprehensive financial planning, including estate, tax, cash flow, education planning, and much more—but also introduces important behavioral perspectives and communication techniques. As a way to synthesize these pieces and learn how the plan writing process unfolds, students follow a running case—the Hubble family.

What’s New:

  • An updated chapter on COVID-19 related tax changes for employee benefit plans
  • Updates resulting from the SECURE Act
  • Employee retention credit under the CARES Act
  • New details on use and rollover of medical and dependent care FSA plans
  • Updated ERISA compliance and reporting requirements, including Form 5500 information
  • Updated materials that address CFP Board's new Client Psychology learning outcomes.
  • Videos that can be used to illustrate client communication and counseling techniques.
  • Revised and expanded test bank.
  • Updated Excel package.

Key Highlights:

  • A thorough review of the new 7-step systematic financial planning process.
  • A description of the regulatory environment in which every financial planner operates.
  • An in-depth discussion of client communication and counseling techniques.
  • Financial planning approaches that can be applied to a variety of clients and client circumstances.
  • A chapter-by-chapter focus on analytical tools and techniques that can be used to evaluate client data.
  • An example of a complete written financial plan with explanations about how analyses lead to the recommendations.
  • Chapter-based learning aids, including access to a fully integrated Financial Planning Analysis Excel package and other online support materials, including video examples of client communication and counseling strategies.
  • Instructions on how to do calculations essential to creating a financial plan.
  • Numerous self-test questions to test comprehension of material.
    • Describes all aspects of employee benefits planning
    • Contains detailed discussions surrounding the relevant planning considerations, regulatory requirements, and tax consequences for each topic
    • Includes benefits that can be used for all types of employees, including full- and part-time employees, entry- and mid-level employees, temporary employees, and executives
    • Explains both qualified and unqualified benefits
    • Outlines both immediate and deferred compensation strategies
    • Describes important regulatory and tax considerations for employee benefits such as healthcare, employer-provided life insurance, and retirement plans

Topics Covered:

  • Brief descriptions of the benefit planning tool or technique being discussed.
  • Summaries of the client situations where the particular technique is most often beneficial, including the advantages and disadvantages of each technique.
  • Design features of the technique and the planning options that are available.
  • Tax implications describe the federal income, estate and payroll tax implications of the technique to both employer and employee; some state tax aspects are also noted where appropriate.
  • ERISA and other compliance requirements summarizes the ERISA reporting and disclosure, funding, and other non-tax federal regulatory requirements.
  • Instructions on how to install the plan provides a summary of the steps that must be taken for an employer to adopt and implement the plan.
  • “Where Can I Find Out More?” provides a list of references for further study and information.
  • “Frequently Asked Questions” discusses some specific problems (and their solutions) that are often encountered by planners in connection with the benefit plan.CFP Board’s 7-step financial planning process.
  • Step-by-step guide to formulating a financial plan and presenting it to a client.
  • Guides for different types of financial planning such as life insurance planning, long-term care insurance planning, and retirement planning.
  • Comprehensive Hubble case.
Additional Information
SKU 2710018B
Publication Date June 30, 2023
ISBN 978-1-58852-814-8
Page Count 506
Author Stephan R. Leimberg, Joseph F. Stenken, John J. McFadden
Edition 18th ed.
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Stephan R. Leimberg

The late Stephan R. Leimberg was CEO of Leimberg and LeClair, Inc., an estate and financial planning software company, CEO of LISI, Leimberg Information Services, Inc., an email newsletter service, and President of Leimberg Associates, Inc., a publishing and software company. He was an Adjunct Professor in the Masters of Taxation Program of Villanova University School of Law and former adjunct at Temple University School of Law. He holds a B.A. from Temple University, and a J.D. from Temple University School of Law. Leimberg was the Editor of the American Society of Financial Service Professionals audio publication, Keeping Current.

Leimberg was the author or co-author of numerous books on estate, financial, and employee benefit and retirement planning and a nationally known speaker. Leimberg was the creator and principal author of the entire nine-book Tools & Techniques series, including The Tools & Techniques of Estate Planning, The Tools & Techniques of Financial Planning, The Tools & Techniques of Employee Benefit and Retirement Planning, The Tools & Techniques of Life Insurance Planning, The Tools & Techniques of Charitable Planning, The Tools & Techniques of Investment Planning, The Tools & Techniques of Risk Management, The Tools & Techniques of Practice Management, and The Tools & Techniques of Retirement Income Planning. Leimberg was co-author of Tax Planning with Life Insurance with noted attorney Howard Zaritsky, The Book of Trusts with attorneys Charles K. Plotnick and Daniel Evans, and How to Settle an Estate with Charles K. Plotnick. He was also a contributing author of the American Bar Association’s The Lawyer’s Guide to Retirement.

Leimberg was co-creator of many software packages for the financial services professional, including Estate and Financial Planning NumberCruncher (estate planning), DeCoupleCruncher (estate planning), Financial Analyzer II (financial calculations), Estate Planning Quickview (Estate Planning Flow Charts), Life Settlement NumberCruncher (life settlement buy-hold analysis), Planning Ahead for a Secure Retirement (PowerPoint Client Seminar) and Toward a Zero Estate Tax (PowerPoint Client Estate Planning Seminar).

A nationally known speaker, Professor Leimberg addressed the Miami Tax Institute, the NYU Tax Institute, the Federal Tax Bar, the Notre Dame Law School and Duke University Law School’s Estate Planning Conference, the National Association of Estate Planners and Councils, the AICPA’s National Estate Planning Forum, the ABA Section on Taxation, and The Annual Meeting of the American Society of Financial Service Professionals. Leimberg also spoke to the Federal Bureau of Investigation, and the National Aeronautics and Space Administration.

Leimberg was awarded the Excellence in Writing Award of the American Bar Association’s Probate and Property Section. He was honored as Estate Planner of the Year by the Montgomery County Estate Planning Council and as Distinguished Estate Planner by the Philadelphia Estate Planning Council. He was also a recipient of the President’s Cup of the Philadelphia Life Underwriters, a two-time Boris Todorovitch Lecturer, and the First Ben Feldman Lecturer.

Leimberg was named Edward N. Polisher Lecturer of the Dickinson School of Law and 2004 recipient of the National Association of Estate Planners and Councils Distinguished Accredited Estate Planner award.

Leimberg’s LISI email newsletter/data base at www.leimbergservices.com is used daily by thousands of estate, financial, employee benefit, charitable, and retirement planning practitioners.

John J. McFadden

John J. McFadden is a tax and pension lawyer and consultant practicing in Philadelphia, PA. His undergraduate degree is from Lehigh University, with a master’s degree from the University of Rochester, and a J.D. from Harvard Law School.  He has been admitted to the Pennsylvania Bar and the United States Tax Court.

Mr. McFadden is the author of articles in tax and professional journals on such subjects as professional corporations, insured pension plans, retirement plan distributions, and nonqualified deferred compensation.  He is the co-author of Employee Benefits, 9th Edition, published by Dearborn Financial Publishing, Inc. in 2012.

Mr. McFadden also speaks and consults on tax and compensation planning matters and conducts seminars for financial planners.

Joseph F. Stenken

Joseph F. Stenken, J.D., CLU, ChFC, is Qualified Plan Counsel at McHenry Advisers, which provides retirement actuarial, insurance, and plan administration services. At McHenry he assists in design and implementation of qualified retirement plans.

He was previously a member of the Advanced Markets team at Ameritas Life Insurance Corporation.  At Ameritas, he assisted agents in case design in areas such as Estate Planning and Business Continuation planning. He has given numerous educational webinars to agents and financial advisors. He has also given CE lectures to various NAIFA chapters.

Prior to Ameritas he was an Assistant Editor at the National Underwriter Company. While at National Underwriter he worked on numerous publications, including Tax Facts on Insurance & Employee Benefits, Field Guide to Estate, Employee, & Business Planning, The Social Security Source Book, and books in the Tools and Techniques series.

Joseph graduated from the University of Cincinnati College of Law. He was President of the Cincinnati Chapter of NAIFA in 2020 and is a past President of the Cincinnati Chapter of the Society of FSP for the 2009-2010 year. He earned his Bachelor of Science from Miami University and was a submarine officer in the U.S. Navy.