Free Webinar from AICPA Offers Consumers Advice on Planning for Spending in Retirement

Hosted by AICPA’s PFP Division and 360 Degrees of Financial Literacy

NEW YORK--()--Americans are living longer than ever. In fact, every day 10,000 baby boomers turn 65. Many of them will spend more than 20 years in retirement and must contend with unexpected events, such as the recent stock market downturn. This new-normal of extended retirement means that now more than ever, monitoring current spending and anticipating cash-flow needs in retirement is a crucial aspect of retirement planning.

On August 27th from 1:00 – 2:00 P.M. ET the Personal Financial Planning Division of the AICPA and 360 Degrees of Financial Literacy will host a free webcast that will provide consumers with strategies to help them plan for spending in retirement, and how to connect their spending and savings goals in advance of retirement. CPA financial planners will discuss the recent decline in the stock market and the importance of being prepared for unexpected events. Given the recent downturn, this webinar is extremely timely – both for consumers who are saving for retirement and those who are already retired.

What: CPA/PFS credential holders will offer consumers insight and considerations on planning for spending in retirement. According to a recent AICPA survey of CPA financial planners, not having enough money for retirement is the top financial concern for their clients, underscoring the importance of this issue.

The webinar consists of three parts:

Envisioning retirement – which deals with establishing your aspirations in retirement, including accounting for travel, hobbies and charitable giving.

Planning for retirement – which entails tracking your current spending levels, establishing when you intend to retire and calculating any potential changes to spending in retirement.

Implementing your plan in retirement – this section focuses on withdrawal strategies, asset allocation, income tax considerations and spending adjustments, with a focus on having a flexible plan.

Who: Michael Goodman, CPA/PFS, president, Wealthstream Advisors, Inc.

Lori Luck, CPA/PFS, CLS Advisors, Inc.

David Stolz, CPA/PFS, Stolz & Associates, PS

When: Thursday, August 27, 1:00 – 2:00 P.M. ET

How: Reporters and the general public can register online in advance for the free webinar.

About the AICPA’s PFP Division

The AICPA’s Personal Financial Planning (PFP) Section is the premier provider of information, tools, advocacy, and guidance for CPAs who specialize in providing estate, tax, retirement, risk management, and investment planning advice to individuals, families and business owners. The primary objective of the PFP Section is to support its members by providing resources that enable them to perform valuable PFP services in the highest professional manner.

CPA financial planners are held to the highest standards and are uniquely able to integrate their extensive knowledge of tax and business planning with all areas of personal financial planning to provide objective and comprehensive guidance for their clients. The AICPA offers the Personal Financial Specialist (PFS) credential exclusively to CPAs who have demonstrated their expertise in personal financial planning through testing, experience and learning.

About the AICPA

The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Media representatives are invited to visit the AICPA Press Center at


James Schiavone, 212-596-6119

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Release Summary

On Aug 27 at 1:00 ET the AICPA will host a free consumer webinar on strategies to help them plan for spending in retirement, and how to connect spending and savings goals in advance of retirement.

American Institute of CPAs (AICPA)