Current PFP News 


    Please add AICPA_PFPNews@e.aicpa.org to your address book. If you have trouble viewing, the latest issue of PFP News is posted to aicpa.org/pfp/pfpnews on Thursdays.

    New in the learning library! Recording and slides from last week’s webcast on “Expanding the Framework of Safe Withdrawal Rates” (aicpa.org/pfp/library).

    AICPA

    PFP News

     

    Member-Exclusive News, Resources and Events

     

    May 27, 2015

    In This Issue

    Free CPE Webcast: Asset Allocation Glidepaths in Retirement

    Free Webcast: Practical Planning for Aging and Elder Issues

    PFP Trends Survey on Elder Client Issues Closes Today

    New in the Learning Library: Expanding the Framework of Safe Withdrawal Rates

    Bob Veres Media Reviews: Getting Back That ‘New Business’ Feeling

    New Tax Blurbs for Your Website and Client Newsletter

    Apply for Scholarship for the Advanced Estate Planning Conference by June 1

    Apply to the AICPA Leadership Academy by May 31

    CPA/PFS Corner: How to Qualify for a PFS Dues Credit; Upcoming PFS Exam

    Other News: What To Do With An Unwanted Insurance Policy; Advisor Compensation and Staffing Study

     

     

    PFP News & Resources

     

    Free CPE Webcast: Asset Allocation Glidepaths in Retirement

     

    Learn about recent research into retirement asset allocation that opposes the common approach of decreasing equities in later years. In this webcast on June 10 from 1-2:15pm ET, Michael Kitces will discuss:

     

    How annuitization liquidation strategies impact asset allocation in retirement

    Why declining asset allocation glide-path strategies can impair retirement outcomes

    How rising equity glide paths can effectively manage sequence-of-return risk

    How asset allocation glide-path strategies can be implemented effectively through “bucket” strategies and cite the trade-offs between risk minimization and wealth maximization

     

    PFP/PFS members may attend this webcast for free with CPE. To take advantage of the free CPE when registering, make sure that you are logged into the CPA2Biz website with your AICPA member user account; the section discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

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    Free Webcast: Practical Planning for Aging and Elder Issues

     

    If you are facing elder issues with your client base and want best practices and planning ideas, register for next week’s webcast on practical planning for aging and elder issues, June 3 from 1-2:15 p.m. ET. This webcast is free to all without CPE – invite your interested colleagues!

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    Final Reminder! PFP Trends Survey on Elder Client Issues Closes Today

     

    Please respond to a short 10 minute PFP trends survey (due today) on issues faced by elderly clients. The results of the survey will be used to create media message points that will demonstrate the importance of CPAs in their clients' financial planning relationships and raise awareness in the CPA community and with the media of the issues that CPA financial planners face.

    We need your involvement to establish a consistent message of awareness for CPA financial planners through this survey. We thank you in advance for your support of this quarterly survey.

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    New in the Learning Library: Expanding the Framework of Safe Withdrawal Rates

     

    PFP Section-sponsored webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/library, including last week’s event on the expanding the framework of safe withdrawal rates. In this webcast, Michael Kitces covered:

     

    The origin of the 4% rule and the safe withdrawal rate

    How the safe withdrawal rate should be adapted for additional/external factors

    How to apply safe withdrawal rate adjustment factors to an individual client situation

    How to create a customized safe withdrawal rate recommendation

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    Bob Veres Media Reviews

     

    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 May’s Investment Advisor magazine, including:

     

    “35 for 35” by Jamie Green (influencers of the profession)

    “Five to Honor” by Jamie Green

    “Five to Watch” by Jamie Green

    “Fear of Falling” by Mark Tibergien (practice management)

    “An SEC Broker Fiduciary Standard May Undermine the ’40 Act” by Bob Clark

    “Getting Back That ‘New Business’ Feeling” by Angie Herbers (practice management)

    “How Well Does Your Firm Virtually Serve Your Clients” by Dan Skiles

    “5 Key Issues for a Succession Plan” by Tom Giachetti

    “Evaluating Young Financial Planners” by Caleb Brown

     

    Access other editions of media reviews, Inside Information and e-columns.

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    New Tax Blurbs for Your Website and Client Newsletter

     

    Visit the Tax Practitioner’s Toolkit for the latest website and client newsletter blurbs and tweets to stay top of mind with clients and prospective clients year round. These short articles cover a broad range of timely topics for both individual and business taxpayers such as IRS notices and Affordable Care Act compliance, as well as year-round planning and compliance reminders (e.g., charitable donation records, deductible expenses). Use them to remind your clients about your value, expertise and services, and give them a reason to call you. Also, visit aicpa.org/pfp/taxseason for resources from the PFP Section designed to support you post-April 15th in meeting your clients' financial planning needs.

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    Final Reminder! Apply for Scholarship for the Advanced Estate Planning Conference by June 1

     

    The P. Thomas Austin Personal Financial Planning Division Scholarship covers the registration fee and travel expenses of an emerging* CPA to attend the 2015 Advanced Estate Planning Conference (July 20-22, 2015 in Salt Lake City), including the pre-conference, Fundamentals of Estate Planning, with P. Thomas Austin. In addition, there will be networking opportunities with seasoned estate planners available throughout the conference. Learn more about the requirements and complete an application by June 1, 2015 to be considered. *For purposes of this scholarship, an emerging CPA is a practitioner with five to 15 years of experience as a CPA and a novice-level experience of less than five years specifically in estate planning through practice or relevant membership organization.

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    Final Reminder! Apply to the AICPA Leadership Academy by May 31

     

    The AICPA Leadership Academy exposes the next generation of CPAs to a strong ethic of leadership and service while providing them with strategies to forge relationships to expand their competencies and empower them to become a leader within their organization, community and the CPA profession. Licensed CPAs who meet the following eligibility requirements eligibility requirements (at the time of application), are invited to apply:

     

    Voting member in the AICPA

    Member of a state society or affiliate partner organization

    3+ years of experience within the CPA profession

    Between the ages of 25 and 35

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    CPA/PFS Corner

     

     

    How to Qualify for a PFS Dues Credit
    Did you know that as a CPA/PFS credential holder, you can receive a credit for your PFS dues for each CPA that you refer to either obtain the CPA/PFS credential or sit for the PFS exam? Learn more about how to qualify for a credit and what to discuss with potential credential holders. This opportunity is a win-win-win for you, your profession and your CPA colleagues -- both experienced CPAs (holding the CFP® or ChFC designations) and less experienced CPAs (using the PFS pathway of learning, exam review and exam)! CPAs providing financial planning services can enhance their confidence and competence by becoming a CPA/PFS!

    Upcoming PFS Exam
    The summer 2015 PFS exam will be offered June 19 – July 31, 2015 at convenient testing centers located across the country. Preparation options available. Learn more at aicpa.org/PFSexam.

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    Other News

     

     

    Podcast: What To Do With An Unwanted Insurance Policy
    In last week’s podcast, Tom Tillery discusses several strategies to consider once an adviser and client decide that the life insurance contract no longer achieves the goals of the personal financial plan.

    Advisor Compensation and Staffing Study: Deadline this Friday
    Participate in the 2015 InvestmentNews Advisor Compensation and Staffing Study. This study, formerly the Moss Adams Compensation and Staffing Study, will help you properly assess your firm's individual and overall compensation levels; give you the opportunity to evaluate your staffing structure and strategies; and ultimately implement a plan to accelerate your firm's growth. The survey will take no more than 45-60 minutes to complete and the deadline is May 29. Use code “AICPA” when prompted at the beginning of the survey.

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    Events

     

    PFP Section-sponsored 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 aicpaconference
    materials.com
    .

    PFP Section-Sponsored Webcasts:
    In addition to the webcasts below, scroll down for information on the rebroadcast of the “Tax Preparer to Financial Planner” series, being held May 21-June 18.

    Next Week! Practical Planning for Aging and Elder Issues
    June 3, 1-2:15pm ET
    Free without CPE.

    Next Week! Generation Skipping Transfer Tax: Theory and Advanced Applications
    June 5, 12-1:40pm ET
    Discounted CPE

    Asset Allocation Glidepaths in Retirement
    June 10, 1-2:15pm ET
    Free with CPE for PFP/PFS members.

    Asset Protection Strategies
    July 8, 1-2:45pm ET
    Registration coming soon.
    Discounted CPE.

    Dealing with the Speed of Changing Technology
    July 20, 1-2:15pm ET
    Registration coming soon.
    Free without CPE.

    Practical Planning for Cash-Flows and Withdrawal Strategies in Retirement
    August 5, 1-2:45pm ET
    Registration coming soon.
    Free without CPE.

    Navigating Medicare and the Affordable Care Act
    August 19, 1-2:45pm ET
    Registration coming soon.
    Free with CPE for PFP/PFS members.

    Planning for Spending in Retirement
    Consumer Series: Take Charge: Your Money. Your Life.
    August 27, 1-2pm ET
    Registration coming soon.
    Free. No CPE available. Invite your clients to this consumer-oriented webcast.

    Aging & Incompetence: When Your Client Has Crossed the Line and What Next?
    September 16, 1-2:45pm ET
    Registration coming soon.
    Free with CPE for PFP/PFS members.

    How to Know Wills, Trusts and Other Legal Documents Meet Your Clients' Goals
    October 21, 1-2:45pm ET
    Registration coming soon.
    Discounted CPE.

    PFP Series Rebroadcast: From Tax Preparer to Financial Planner: The Road Best Traveled
    Recordings and materials (without CPE) are available free to PFP/PFS members on our website. The rebroadcasts offers discounted CPE for PFP/PFS members; a subject matter expert will be available during the rebroadcast to answer questions.

    Tomorrow! Moving from Tax Planning to Integrated Financial Planning
    May 28, 1-2:15pm ET
    Discounted CPE.

    Final Reminder! The Practical Side of Investment Planning
    June 2, 1-2:45pm ET
    Discounted CPE.

    Next Week! The Practical Side of Estate Planning
    June 4, 1-2:30pm ET
    Discounted CPE.

    The Practical Side of Retirement Planning
    June 9, 1-2:30pm ET
    Discounted CPE.

    The Practical Side of Risk Management and Insurance Planning
    June 11, 1-2:30pm ET
    Discounted CPE.

    Comprehensive PFP Case Study
    June 18, 1-3:15pm ET
    Discounted CPE.

    Upcoming Conferences:

    Practitioners Symposium and Tech+
    June 7-10
    Orlando, FL
    Register. PFP/PFS members save an additional $100 on the AICPA member price.

    Advanced Estate Planning
    July 20-22
    Salt Lake City, UT
    Live | Virtual
    PFP/PFS members save an additional $100 on the early bird AICPA member price.

    2016 Advanced Personal Financial Planning
    January 18-20
    Bellagio, Las Vegas
    Live | Virtual
    PFP/PFS members save an additional $100 on the early bird AICPA member price.

    Implementing PFP Services: Step-by-Step Plans for Success
    January 16-17
    Bellagio, Las Vegas
    PFP/PFS members save an additional $100 on the AICPA member price.
    Watch PFP News for registration information.

     

    Contact Us

     

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

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