are they over 50? give them your counsel.
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
this is a specific financial planning service that helps clients plan for their retirement. this involves calculating how much a client will have to retire on and how much he or she will need.
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this work can take place one to two years before the expected retirement, or 15 to 20 years earlier. it depends on the client. you may also find yourself doing some quick calculations for a client in his or her early 50s who is being offered early retirement. whatever the case, it is a matter of paramount importance to the client, and must be treated by the accountant as such.
clients will also call upon you to help them decide how they should take their pension plan, individual retirement account (ira), keogh, simplified employee pension plan (sep) or 401(k) money.
who needs this service
every client who even remotely mentions future retirement is a candidate for this service.
why the accountant is suited to offer this service
starting work on these engagements requires gathering information – that which exists and that which needs to be developed – if the client is to have an effective retirement financial plan. our training as accountants equips us with the best tools to show clients how they can measure where they stand now against where they want to go. once the present situation is held up against the future goal and if additional assistance is then needed, financial planning specialists can be recommended.
introducing the client to the service
clients over the age of 50 have to be thinking about this. all you need to do is ask them if they would like to have you review their plans and help determine if they are on track, or what they could expect in the way of retirement cash flow.