| What to do when a client dies
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| Review a case study of basic estate administration, tax implications, and other common considerations immediately following a client’s death. (Upcoming CPE webcast May 7: Postmortem decisions that must be considered – free for PFP Section members) Full Story:
The Tax Adviser (3/1) |
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| Microsoft’s huge AI rollout: What CPAs should know
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| Microsoft Copilot merges generative AI with key apps, potentially revolutionizing how accountants work. Here’s what early adopters say. (Related survey results: Tax and financial planning business software – PFP Section members) Full Story:
Journal of Accountancy (4/1) |
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| 10 things to tell clients about investing
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| An adviser shares what he tells clients about investing, from tax considerations to controlling emotions. (Upcoming CPE webcast April 22: Planning for clients with $1M to $15M in net worth – Free for PFP Section members) Full Story:
Advisor Perspectives (3/18) |
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| Removing excess IRA contributions
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| An excess contribution occurs when more money is put into an IRA in one year than the IRS allows. Here are 10 clear steps to rectify the error and avoid penalties before the Oct. 15 deadline. Full Story: IRA Help |
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| What’s new with the SECURE 2.0 Act in 2024?
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| Here’s the scoop on seven new provisions that went into effect this year, from student loan matching to penalty exemptions for emergency distributions. Plus, a look at what’s coming in 2025. (Related chart: IRAs payable to trusts after SECURE Act – PFP Section members) Full Story:
Ellin & Tucker (3/26) |
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| Upcoming PFS Live! workshops
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| Are you a CPA with more than 7,500 hours of PFP-related experience in the last seven years and ready to obtain the PFS credential? Attend an upcoming PFS Live! workshop in Dallas, Las Vegas, Boca Raton, or Schaumburg. Learn more about these workshops and take a step forward.
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| PFP/PFS discount on ENGAGE 2024 registration
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| PFP Section members and PFS credential holders receive a $150 discount, plus the $100 early bird discount when you register before Monday, May 6. Explore the agenda for AICPA & CIMA ENGAGE 2024
and begin planning your experience. We’ll be in touch with ways to connect PFP and PFS members at the conference as we get closer to June. |
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| Nominate an emerging PFS credential holder for the Standing Ovation Award
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| The American Institute of CPAs established the Standing Ovation Recognition Program to recognize young CPAs in personal financial planning who exhibit exemplary professional achievement. Recipients will be recognized on the PFP Section website and during the ENGAGE conference. Check eligibility requirements and apply or nominate someone for the PFP Standing Ovation Award today. |
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| Take advantage of free adviser solutions from Broadridge
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| As a PFP Section member, you have access to adviser solutions from Broadridge
, including client letters and templates approved by the Financial Industry Regulatory Authority (FINRA). Broadridge’s education and communication tools can save time and money while improving client experience. |
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RETIREMENT, INVESTMENT, & INSURANCE PLANNING
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| Should employed clients over 65 enroll in Medicare?
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| Upon turning 65, clients can enroll in Medicare even if they are still working and participating in an employer-sponsored health plan. However, that decision will depend on several factors, including their estimated care costs and whether they want to continue contributing to an HSA. (Related guide: Retirement & elder healthcare – PFP Section members) Full Story:
Kiplinger (3/28) |
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| The advantages of guardrails withdrawal strategies
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| Retirement withdrawal strategies help clients keep their retirement spending on track. Communicating your advice and guidance can alleviate stress and ensure clients can adjust their plans during economic downturns. (Related concept piece: Monte Carlo analysis – PFP Section members) Full Story:
Kitces (3/20) |
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| Benefits of risk-based guardrails for retirement withdrawals
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| The Guyton-Klinger guardrail method recommends either increasing or decreasing retirement withdrawals by 10% based on market returns. A risk-based guardrail strategy is an alternative method that relies on Monte Carlo simulations and can reduce the risk of overcorrection. (Related calculator: Retirement Sustainable Withdrawal Rate Accumulation Projection – PFP Section members) Full Story:
Kitces (3/27) |
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| Annuities can cover retirement income gaps
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| Guaranteed income products belong in many clients’ retirement plans, the author argues. (Related topic discussion: Strategies for annuities – PFP Section members) Full Story:
Financial Advisor (4/1) |
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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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AICPA, 220 Leigh Farm Road Durham, NC 27707-8110
© 2024 American Institute of Certified Public Accountants. All rights reserved. |
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