The challenges facing financial planners who assist their clients in completing the Free Application for Federal Student Aid (FAFSA) revolve around conflicts between tax and financial aid maximization of a family's finances, and/or misconceptions about the FAFSA. These misconceptions could cost a family money. The contributors of February's Journal of Financial Planning will discuss the FAFSA myths and tips to help financial planners guide their clients through the intricate process of completing the FAFSA. It will include an audience Q and A, and be moderated by an FPA volunteer.
Level of Complexity: Intermediate
- Apply their understanding of the impact of changes to the alternative minimum tax to client situations.
- Discover how Social Security and required minimum distributions impact tax-efficient withdrawals.
- Compare and contrast 2017 and 2018 applicable tax rates for a various income levels.
- List the key changes to itemized deductions under the Tax Cuts and Jobs Act.
February 27, 2019 2:00 PM Eastern