Current PFP News 


Video: Advising Clients on Financial Considerations When They Receive a Cancer Diagnosis

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AICPA PFP News
  Member-Exclusive News, Resources and Events  
October 11, 2017
In This Issue
Leg/Reg: Treasury to Withdraw Section 2704 Proposed Regulations
Broadridge Alert: Recharacterizing a 2016 Roth IRA Conversion
Video: Advising Clients on Financial Considerations When They Receive a Cancer Diagnosis
Bob Veres Media Reviews: When 80 Becomes the New 60
T3 Technology Hub News: Cybersecurity Deficiencies
Save the Date: Free Consumer Event on Student Loan Debt
Nominate a Star CPA/PFS for a Standing Ovation
CPA/PFS Corner: Upcoming PFS Exam; Need PFS Exam Prep Options?
Other News: Podcast: Financial and Tax Planning Considerations Under Trump's Tax Reform Framework; Podcast: Extension of Time to Elect Out of GST Allocation; Broadridge Alert: Medicare Open Enrollment Begins October 15; Bob Veres Inside Information: Professional Advice on Medicare; Article: Planning in Retirement
PFP News & Resources
Leg/Reg: Treasury to Withdraw Section 2704 Proposed Regulations
  Last week, the Treasury Department announced its intention to withdraw several tax regulations seen as burdensome under Executive Order 13789, including Section 2704 Proposed Regulations. Read more information in this article.  Bob Keebler, CPA/PFS, delivers an important reminder in this podcast about the effective date of Treasury's action. The full text of the Treasury's Second Report can be found here and the podcast here, courtesy of Leimberg Information Services, Inc.
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Broadridge Alert: Recharacterizing a 2016 Roth IRA Conversion
  Clients who converted a traditional IRA to a Roth IRA in 2016 and have suffered losses (or simply changed their minds) have until October 16, 2017, to undo (recharacterize) that conversion. This new Client Alert helps you explain to clients the consequences of recharacterizing their 2016 conversions.
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Video: Advising Clients on Financial Considerations When They Receive a Cancer Diagnosis
  In this video, Martin Shenkman covers one of the toughest conversations you might have with a client - a cancer diagnosis, including how to take a comprehensive proactive planning approach and strategies to consider when planning after the diagnosis.
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Bob Veres Media Reviews: When 80 Becomes the New 60
  Bob Veres Media Reviews are designed to save you hours of reading time each month -- giving you time for more productive activities.  Read Bob’s write-ups of articles in October’s Financial Planning magazine, including those rated with high relevance:
 
“When 80 Becomes the New 60” by Kimberly Foss
“Bank RIA Deals Gain Momentum” by Ann Marsh
“Tackling a Tough Topic” (serving clients with cancer) by Martin Shenkman
“Redeeming the Team Meeting” by Michael Kitces
“The Right Way to Split an IRA” by Ed Slott
“Dealing with Catastrophe” by Jonathan Swanburg
  Access other editions of media reviews, Inside Information and e-columns.
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T3 Technology Hub News: Cybersecurity Deficiencies
  T3 Technology News is designed to provide you with insight and all the latest news on technology for financial advisors plus in-depth reporting on financial services technology. The latest edition of the T3 newsletter includes the following articles:
 
AdvisorEngine: An Integrated Wealth Management Platform
eMoney’s Fully Integrated, Digital Marketing Solution is Now Available
State Investment Adviser Examinations Uncover Cybersecurity Deficiencies: Free Cybersecurity Checklist Available
And more.
  To receive the newsletter directly, subscribe here
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Save the Date: Free Consumer Event on Student Loan Debt
  Student loan debt. Three words that strike fear into new graduates and parents everywhere. There are ways, however, to make the repayment of student loans more manageable. In this free, consumer-oriented webcast taking place on November 7th, student loan experts Melissa Towell and Jim Sullivan will discuss the wide range of options available to lower the cost of your monthly student loan payments. You may be surprised to learn that Income Driven Repayment Plans (IDR Plans) and loan forgiveness opportunities were created with you in mind. The only problem? You must learn how to properly take advantage of these complex rules.
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Nominate a Star CPA/PFS for a Standing Ovation
  Young CPA/PFS credential holders are the future of the profession and the AICPA’s PFP Division wants to recognize these individuals for their professional achievements. The AICPA’s Standing Ovation Program recognizes young CPAs in personal financial planning (including tax, estate, retirement, investments and risk management) who exhibit exemplary professional achievement. Help spread the word to others in your firm that they can submit nominations with this quick and easy online application by May 1, 2018.
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CPA/PFS Corner
  Upcoming PFS Exam
The fall 2017 PFS exam will be offered November 15 - December 15, 2017 at convenient testing centers located across the country. Learn more at aicpa.org/PFSexam.

Need PFS Exam Prep Options?
Check these out:
 
Online PFP Boot Camp (October 23 - November 13, 2017)
In-person PFP Boot Camp (November 1-3, Atlanta, GA)
On-demand self-study PFP Boot Camp (Anytime)
Printed and Online:  Practice Questions - PFS Exam Review Material
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Other News
  Podcast: Financial and Tax Planning Considerations Under Trump's Tax Reform Framework
In this podcast, Bob Keebler, CPA/PFS, reviews President Trump’s "Unified Framework for Fixing Our Broken Tax Code", including strategies to consider that enable you to act quickly in your clients’ best interest and what to advise clients based on what we know now, as well as a discussion of proposed changes.  For more information on tax reform and to stay updated on the latest news on this topic, be sure to access the AICPA Tax Reform Resource Center.

Podcast: Extension of Time to Elect Out of GST Allocation
In PLR 201737006 and 201737007, the IRS granted an extension of time for the taxpayer to file a gift tax return electing out of the automatic allocation of GST tax exemption, Bob Keebler, CPA/PFS, reports. The text the ruling can be found here and the podcast here, courtesy of Leimberg Information Services, Inc.

Broadridge Alert: Medicare Open Enrollment Begins October 15
If you have senior clients, they might have questions about coverage under their current Medicare plan and alternative plan options. This new Client Alert explains to clients the importance of reviewing their current plans, makes them aware of Medicare's open enrollment period, and explains changes to Medicare benefits for 2018.

Bob Veres Inside Information: Professional Advice on Medicare
The latest edition of Inside Information from Bob Veres includes topics like “Practice Management: How to create a true culture of compliance” and “Client Services: Now you can offer professional advice through the complexities of Medicare, with the help of the new i65 tool.” Access to Inside Information is a benefit of PFP/PFS membership, which is an individual membership. If your colleagues would like access to this newsletter service, they can either purchase directly from Bob Veres or sign up for PFP membership.

Article: Planning in Retirement
Helping clients transition into and through retirement will be critical to the success of financial planning practices in the coming years.  In this article, Lyle Benson, CPA/PFS, writes about important aspects to consider when providing planning in this area like safe withdrawal rates and cash flow challenges.  For more tools and resources on retirement planning, check out this additional PFP Section Retirement Planning Resource Page.
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Events
PFP Section-hosted webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/library if you would like to listen again or if you are not able to attend the live event.

Conference recordings are available at no charge to conference attendees or for purchase to those who weren't able to attend. Recordings from past conferences are available at here.

Upcoming PFP Section-Hosted Webcasts:

Watch PFP News for registration links for upcoming events!


Next Week! Portability: An Estate Planning Game-Changer
October 18 from 1-2:45pm ET
Discounted CPE.

Critical IRA Planning Issues
October 24, 1-2:45pm ET
Discounted CPE.

Asset Protection Planning
November 1 from 1-2:45pm ET
Discounted CPE.

What You Need to Know About Student Loan Debt

November 7 from 1-2pm ET
Free (Consumer Event).

Proactive Year-End Planning
November 9 from 1-2:45pm ET
Free with CPE.

Business Succession Planning
November 27 from 1-2:45pm ET
Discounted CPE.


Other Webcasts:

Intentional Employee Engagement
October 17 from 2-3pm ET
Free, No CPE.

Tax Reform: Is it Still Possible?
October 18 from 1-2pm ET
Discounted CPE.
Use Code: PFPEVENT10

Upcoming Conferences:

Personal Financial Planning Summit
January 8 - 10, 2018
Discounted CPE.

Advanced Personal Financial Planning Conference @ENGAGE
June 2018
Discounted CPE.

Other Upcoming Conferences:

Sophisticated Tax Planning for Your Wealthy Clients
November 13-14, 2017
Discounted CPE.

Contact Us
Email the PFP Team: financialplanning@aicpa.org Visit our home page: aicpa.org/pfp
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