Chapter Meetings Notice:
If you are interested in presenting a tax topic for continuing education credit to the Northern Virginia Chapter, please click here for the “Call for Speakers” form.
Date: July 27, 2022
Time: 6:00 p.m.
In-person: Please RSVP in advance
Location: Anthony’s Restaurant, 3000 Annandale Rd, Falls Church, VA 22042
Topic: Integrating Home Equity into Retirement Strategies
This 60-minute workshop is designed to provide a more advanced look at tools and strategies that advisors, fiduciaries, attorneys, and tax professionals may wish to incorporate into their planning for clients in, or approaching retirement age. With the rapid increase in the number of retirees and the significance of wealth in home equity, professional advisors may have a responsibility to understand how housing wealth fits into their clients’ comprehensive plan in order to serve the best interest of the client. This workshop will specifically address research and math revealing that the Home Equity Conversion Mortgage is no longer a product of last resort, but rather a meaningful strategic tool to address retirement needs and risk mitigation for mass affluent families.
Key Learning Objectives:
- Understand the economic impact and financial realities facing the retiring generation
- Home Equity/Housing Wealth as an Asset Class
- Strategic Integration of a Home Equity Conversion Mortgage
- The impact this has on your practice or firm
Program Number: QSRNU-T-00548-22-I
Speaker: Ernie Castro, AAG
Ernie Castro is a reverse mortgage specialist at American Advisors Group (AAG). Ernie has lived in the No. Virginia area for the past 40 years. Married with 3 adult children, Ernie grew up in the restaurant business. After a successful 30 year run in hospitality, he transitioned to the mortgage industry. In 2007, Ernie was intrigued by the unique features of reverse mortgages and joined Wells Fargo. He became the top area producer for Wells, MetLife and now American Advisors Group. His expertise, understanding and ability to work through complex problems has helped him help over 500 older adults live a more fruitful lifestyle. Education is key to understanding how the use of home equity can help older homeowners achieve better results in retirement. Ernie enjoys working with trusted advisors like CFP’s, CPA’s, elder law attorneys and senior real estate professionals.
CE credit: 1
Cost: VASEA members – FREE
Non-members may purchase $15 per credit hour tokens here to receive CE for this course: https://vasea.org/ce-credits-for-non-members/
Consider becoming a member. If you are not an EA, you may join as an Associate Member.
Upcoming Meetings for 2022
Date: September 28, 2022
Time: 6:00 p.m.
Virtual via Zoom: Please RSVP in advance
Topic: Schedule F – Profit & Loss from Farming
Wendy Skaggs will provide an overview of Schedule F, for reporting of profit and loss from farming.
Speaker: Wendy Skaggs, EA
Wendy began her accounting career in 2000. she worked for a professional accounting firm located in Smithfield, VA for 16 years. She achieved her Enrolled Agent license in 2018 and currently serves as the Secretary of the Virginia Society of Enrolled Agents and Vice President of Membership for Hampton Roads Chapter of VaSEA. In 2019, Wendy founded her accounting practice and began teaching Special Enrollment Exam courses at the local Community Colleges. Wendy has over 20 years of experience and specializes in Individual and Small Business Returns. Complicated and Farmer returns are her favorites. In her free time, Wendy enjoys spending time camping with family, friend, her Beagles, Chihuahua’s and Boots (the Rooster.)
CE credit: 1