| Prepare large estates for TCJA sunset now
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| Now is the time to talk with high net worth clients about using the temporarily doubled estate and gift tax exclusion before it sunsets in 2026. (Related webcast: Multi-year income tax planning in preparation for the sunset of TCJA – Included in PFP Section membership) Full Story:
Journal of Accountancy (5/7) |
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| Business cycle indicators suggest rate hikes may be coming
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| Fed rate cuts might seem likely with falling inflation, but this analysis suggests otherwise. The business cycle indicates the timing is right for surging commodity prices. Lowering rates now could fuel inflation, affecting the economy down the road. (Related concept piece: What rising rates could mean for your money – PFP Section members) Full Story:
Advisor Perspectives (5/7) |
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| Can this tool enhance your risk assessment?
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| Financial planning platform RightCapital launched RightRisk, its new integrated risk tolerance tool. RightRisk streamlines the risk evaluation process by offering customizable questionnaires, comparisons, and visual analysis — all within a single platform. (Related survey: T3/Inside Information Software Survey) Full Story:
Wealth Management (5/7) |
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| Experts debate fate of fiduciary rule protecting retirees
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| A new rule aimed at protecting retirement savers is being challenged by the insurance industry. Will the lawsuit succeed and leave consumers vulnerable? Or will the rule force the industry to offer better products? Experts weigh in on both sides. (Related resource: How are advisors coping with the new Department of Labor (DOL) rollover rules – PFP Section members) Full Story:
Financial Advisor (5/6) |
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| The downsides of non-compete clauses
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| A recent FTC ruling has banned non-compete clauses in employment contracts, but the rule has already been hit with lawsuits from a Texas firm and the U.S. Chamber of Commerce. Explore the downsides of non-compete clauses for workers, consumers, innovation, and the economy. Full Story: Financial Advisor (5/7) |
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| ENGAGE 2024 workshop: Creating your CPA financial planning practice
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| By combining your tax and business acumen with your personal finance expertise, you have all the necessary skills to provide unparalleled PFP services. Many CPAs have found fulfillment by providing these services for their clients. Join this upcoming ENGAGE workshop on Sunday, June 2, for on-site learning and support as well as follow-up sessions with your peers in July, September, and November. |
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| Register for the PFS Live! Workshop on Sunday, June 2
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| If you’re an experienced CPA with at least 7,500 hours of PFP-related experience over the last 7 years, you can take the next step and earn the PFS credential live via the PFS Experienced CPA Pathway
. During this live workshop you can complete the required education component and take the PFS Experienced CPA Assessment in one day — allowing you to apply for your PFS credential on-site. |
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RETIREMENT, INVESTMENT, & INSURANCE PLANNING
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| Social Security funds will be depleted in 2033, report predicts
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| The Social Security and Medicare Boards of Trustees released their 2024 report, which projects the Social Security trust fund will be depleted in 2033 — the same projection as last year. The combined funds for Social Security and disability payments are set to be depleted in 2035, a year later than last year’s estimate. (Related calculator: Social Security retirement benefit – PFP Section members) Full Story:
Think Advisor (5/6) |
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| Are you playing it too safe with the 4% rule?
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| Over half of financial advisers commonly use a 4% withdrawal rate for clients, according to one survey. Yet there’s a compelling argument that a 5% withdrawal rate is a more realistic starting point for the average retiree. (Related CPE webcast: The continuing saga of the 4% rule: Creating & managing a retirement withdrawal – Included in PFP Section membership) Full Story:
Think Advisor (5/6) |
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| Using 529 funds to jump-start retirement savings
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| The 2022 SECURE 2.0 Act allows the rolling over of unused 529 college funds into a Roth IRA in a child's name, so they can shift focus from saving for education to saving for retirement. There are limitations to consider, however. (Related podcast: Strategies to draw down excess 529 funds) Full Story:
Advisor Perspectives |
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| Advising clients through life’s final stages
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| Financial advisers can help elderly clients with end-of-life planning while assisting with delicate conversations and legal considerations. Expert insight shows how advisers help their clients plan for the final chapters of their lives. (Related guide: Health transitions – PFP Section members) Full Story:
Financial Advisor |
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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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