Ready, Set, Retire! Helping Your Aging and Elderly Clients

This program was recorded live on Tuesday, October 25, 2016
You have until 12/31/17 to use this course as credit.

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Continuing Education

CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-0112
IRS/RPO Approved Program
#7ZBUJ-T-00052-16-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-T-00052-16-S (QAS Self Study) Archive
Federal Tax Law (2 Hours)

Program Content

This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page. Former Director of Internal Communications for the IRS, Les Witmer, moderates the program.

The program, through a lively round-table discussion and real time interaction with the audience, looks at how taxes affect saving for retirement and, later, drawing down those savings. The program will focus on the various vehicles for retirement savings, including qualified plans, IRAs, and other, traditional savings vehicles. Panelists then will turn to what happens after retirement and how to protect assets in the most tax-wise fashion.

The course of learning for this program has been designed to enhance professional knowledge of Federal taxation or Federal tax related matters.

Program Learning Objectives

  1. Identify the year that the traditional IRA was first established.
  2. Identify the number of rollovers taxpayers are allowed in a 12-month period.
  3. Identify the date a SIMPLE IRA (Savings Incentive Match Plans for Employees) plan must be opened by in a given year.
  4. Identify the 401(k) contribution limit for 2016.

Program Outline

Part I - Setting Aside for the Future

Part II - Drawing Down for the Present



Les Witmer, APR
Communications Consultant

Les Witmer has served as the moderator for Tax Talk Today since 2001. He is a Communications Consultant in Atlanta. He retired after a distinguished career of 34 years with the Federal Government serving the last 23 years with the Internal Revenue Service. He held various positions with the IRS in Communications and Taxpayer Information and retired during the stand-up of the Wage and Investment Division as the Director of Communications. He also was periodically assigned by the U.S. Treasury Department to the Office of Economic Cooperation and Development (OECD) to be a member of an international team that advised and conducted seminars on Taxpayer Information and Customer Service programs to tax and ministry of finance officials from Russia and other Eastern European Countries. Preceding IRS, he served on active duty with the U.S. Army including as an infantry officer in Vietnam. He had other active duty and reserve assignments culminating with being activated during Desert Storm. He retired as a Lieutenant Colonel. He holds a B.S. in Journalism from the University of Southern Mississippi and an M.S. in Public Administration from the American University.

IRS Panelists

IRS Panelist

Kerry Hawkins
Attorney Advisor, Estate Tax, Small Business - Self-Employed

Kerry R. Hawkins is currently an Attorney-Advisor on the Estate and Gift Headquarters' staff. Mr. Hawkins works in Oklahoma City.

In 1995, Mr. Hawkins began his career as an Estate and Gift Tax Attorney for the Internal Revenue Service (IRS). Mr. Hawkins left the IRS in 1998 to work for Klingenberg & Associates as an estate planning attorney. In 2000, Mr. Hawkins returned to IRS as an Estate and Gift Tax Attorney and in 2008 became the Supervisory Attorney for the Estate and Gift Tax groups located in Arkansas, Louisiana and Oklahoma. He became an Attorney-Advisor on the Estate and Gift Policy Staff in April of 2012 and is now the Technical Advisor to the Chief of Estate and Gift.

Mr. Hawkins received his B.S.B. degree in Accounting from Oklahoma City University where he graduated cum laude. Mr. Hawkins also graduated cum laude from Oklahoma City University School of Law where he obtained his J.D. Mr. Hawkins is a member of the Oklahoma Bar.

Eric Slack
Senior Tax Law Specialist, Tax Exempt and Government Entities

Eric is a Senior Tax Law Specialist in IRS Employee Plans since 2007. This year he has served as the Acting Area Manager for the Mid Atlantic Area for Employee Plans Examinations. Prior to that, he spent most of 2015 and 2016 as detailed Tax Counsel to the Senate Finance Committee working with the democratic staff on issues involving multiemployer plans, pensions and other retirement plan and general tax issues. Eric has a JD from George Washington University Law Center and an LL.M. in Taxation from Georgetown University Law School.

Industry Panelists

Jeff Augenstein, EA
An Owner of Northern Arizona Financial Services

Jeff Augenstein is part of the team that founded the Flagstaff, Arizona-based Northern Arizona Financial Services in 2003. He's been an enrolled agent for nearly 15 years, and prior to establishing his own business worked for the better part of a decade for a well-known national tax chain. He is an active member of both the Arizona Society of Enrolled Agents, where he serves as president, and the National Association of Enrolled Agents (NAEA).

Jeff practices with his wife, Roxanne, and a team of enrolled agents, and offers a broad suite of services, including tax planning, tax preparation, and tax representation. He's a graduate of NAEA's National Tax Practice Institute and as an instructor in his own right has led courses on wide scope of topics, ranging from employee/independent contractor issues and employment taxes to foreign taxes and capital gains/losses.

Jeff holds a business degree from Northern Arizona University and Series 6, 7, 63, and 65 securities licenses.

Melissa Longmuir, EA
President of Centinel Tax Consulting, Inc.

Melissa Longmuir, EA, MBA is President of Centinel Tax Consulting, Inc. in Bellevue, WA. She specializes in international, individual, estate, trust, small business returns and representation. She is currently a Director on the National Association of Enrolled Agents (NAEA) Board of Directors and is a Past President of the Washington State Society of Enrolled Agents (WSSEA). Melissa is a Fellow of the National Tax Practice Institute (NTPI). She has taught beginning and advanced tax courses and Special Enrollment Exam (SEE) prep courses both online and live, in addition to writing articles for NAEA's magazine, EA Journal.

Prior to becoming an enrolled agent in in 2003, Melissa was an adjunct instructor teaching information technology, business and math courses in the WA State College system. She received a B.S. in both Biology and Psychology and an MBA in Information Systems. In her spare time, she volunteers with the American Red Cross in Disaster Services.

Content Consultant

David F. Windish, J.D., LL.M
Content Consultant

David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the
Institute for Business Planning.

Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.

Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.