| Winning strategies for higher yields
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| Higher yields can make annuities more attractive, improve the pricing of long-term care insurance, and influence whether to delay filing for Social Security. (Related calculator: Retirement Income Projector and Gap Analysis – PFP Section members) Full Story:
Morningstar (3/1) |
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| No heir for a family business? What should you do?
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| Family businesses are the backbone of the economy, but what happens when there’s no family to take over? Here’s how your clients can keep the family legacy alive, even without children. (Related guide: Financial & estate planning, Vol. 2 – PFP Section members) Full Story:
Wealth Management (3/25) |
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| Unlocking the backdoor Roth conversion
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| Do you have clients interested in a Roth IRA but who exceed the income limits? The backdoor Roth IRA offers them a way in. They’ll require earned income to contribute, and existing traditional IRAs can complicate conversions. (Related chart: Roth conversion decision chart – PFP Section members) Full Story:
IRA Help (3/25) |
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| Upcoming CPE webcast: Planning for clients with $1M to $15M in net worth
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| Debra Taylor, CPA/PFS, J.D., CFP, will offer her best advice on planning for clients with $1M to $15M in net worth during an upcoming webcast on Monday, April 22, from 2-3:30 ET or Wednesday, May 1, from 4-5:30 p.m. The webcast is complimentary for PFP Section members. |
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| New podcast: Deeper CPA financial planner connections with Kelley Long
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| Kelley Long, CPA/PFS, CFP, began her career in Big Four accounting like so many other CPAs but pivoted after the fallout from 9/11. Her dual roles of bank trust officer and workplace financial wellness provider led her to her passion for financial coaching. Listen to Deeper CPA financial planner connections with Kelley Long to hear her story. |
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RETIREMENT, INVESTMENT, & INSURANCE PLANNING
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| Medicare Part D payment plans coming soon
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| Beginning in 2025, Medicare Part D recipients will have an option to spread out high out-of-pocket drug expenses using payment plans. (Related guide: Retirement & elder healthcare – PFP Section members) Full Story:
The Street (3/21) |
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| Invest some of a portfolio in alternative assets
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| Allocating 20% of a client portfolio to asset class alternatives such as private real estate and alternative credit could increase returns and reduce volatility, according to this article. The author recommends a 50/30/20 stock/bond/alternative portfolio allocation. (Related topic discussion: Alternative asset classes – PFP Section members) Full Story:
Wealth Management (3/25) |
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| TIPS ladder versus fund: Which is right for your client?
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| A TIPS ladder is more likely to provide a reliable store of purchasing power or a multi-year income stream during retirement than other assets, whereas TIPS funds can be riskier and don’t offer reliable inflation protection, according to this article. (Related concept piece: Inflation-fighting TIPS – PFP Section members) Full Story:
Advisor Perspectives (3/25) |
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| Gaining success using private real estate credit
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| Although private real estate credit was once an unconventional asset, it's now become more available for diversification and higher returns. Here are three things to know. (Related topic discussion: Real estate – PFP Section members) Full Story:
Advisor Perspectives |
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| Giving generously (and tax-free!) using an IRA
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| Clients 70½ years old or older can donate up to $105,000 tax-free from their IRA using the qualified charitable distribution (QCD) strategy, but their IRA distribution must follow these 10 vital rules before the Dec. 31 deadline to qualify as a QCD. (Related podcast: Using IRAs to fund charitable causes) Full Story:
Morningstar |
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| Reasons to consider signing a prenuptial agreement
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| Prenups divide assets, debts, and financial responsibilities in the event of a divorce. They're usually for wealthy couples or those with kids from previous marriages and ensure fair distribution of assets to children. However, prenups can still benefit those without as much wealth. (Related topic discussion: Prenuptial agreements – PFP Section members) Full Story:
Advisor Perspectives |
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| The AICPA's Personal Financial Planning Section is the premier provider of information, tools, advocacy, and guidance for advisers who specialize in providing estate, tax, retirement, risk management, and/or investment planning advice to individuals, families, and business owners. |
| ABOUT THE CPA/PFS CREDENTIAL
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| The Personal Financial Specialist program allows CPAs to gain and demonstrate competence and confidence in providing estate, tax, retirement, risk management, and/or investment planning advice to individuals, families, and business owners through experience, education, examination, and a resulting credential. |
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