Scott M. Peterson, founder of Peterson Wealth Advisors, has been a regular speaker at BYU’s Education Week for the past ten years.
For 2018’s BYU Education Week (August 20-24), Scott will be speaking all five days on various topics. Below is Scott’s Education Week schedule along with a summary of the presentations.
How the New Tax Law Impacts the Way That You Will Make Charitable Contributions.
Even with changes to the tax code, taxes can be minimized through the use of tax efficient gifting strategies, therefore increasing your capacity to be charitable.
Four charitable contribution strategies:
1. Donate Appreciated Assets to Charity
2. Maximize your Deductions by “Bunching”
3. Consider the Benefits of Using a Donor-Advised Fund
4. The Use of the Qualified Charitable Donation (QCD)
Debunking Today’s Investment Fallacies So You Can Focus on What Really Determines the Growth of Your Investments.
Today’s retirees face unique challenges such as longevity, inflation and investment management. However, the media portrays investments in a very different way than what academic research proves concerning the best way to manage retirement funds. This false information leads us to what we call the ‘grand illusions’ of the investment world. On Tuesday Scott will debunk certain investment ‘grand illusions’ using academic research.
Common-Sense Investing: What Really Determines Investment Performance?
In Wednesday’s presentation, Scott discusses the three true determinants of investment growth:
1. Asset Allocation
-Propensity for Risk
3. Investor Behavior
Managing Your Investments to Last through Retirement.
The goal for managing your investments throughout retirement is to provide an inflation adjusted stream of income that will last throughout retirement with the least amount of risk.
To support this goal of making a retirement income plan, Scott discusses the specific elements of creating a retirement income plan:
- Be goal specific
- Provide an investment framework
- Provide a distribution framework
- Help you recognize and manage risk
As the architect of the Perennial Income Model, Scott will also go over a time segmented retirement plan that will additionally help coordinate all income sources, works as a “bad luck” insurance policy, protects you from your older self and will leave the surviving spouse with a plan to follow at death.
Maximizing Social Security Benefits and Minimizing Taxes During Retirement.
In Scott's final class at BYU Education Week, he discusses taxes and Social Security when it comes to retirement time.
-Offers income you can’t outlive
-Offers annual inflation adjustments
-Offers survivor benefits
Scott will also go over when is the best time to apply for Social Security benefits, how benefits are taxed and how to potentially reduce the taxation of your Social Security benefits through new charitable giving strategies.
Scott M. Peterson is the founder and principal investment advisor of Peterson Wealth Advisors. Scott has specialized in financial management for retirees for over 30 years. Scott is a regular presenter at BYU’s Education Week and speaks often at other seminars regarding financial decision making at retirement. He also literally wrote the book on retirement income, Plan on Living: The Retiree’s Guide to Lasting Income & Enduring Wealth.