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Videos: Strategies for Financial & Estate Planning

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AICPA Personal Financial Planning Section News
    Member-Exclusive News, Resources and Events  
February 14, 2018
In This Issue
Videos: Strategies for Financial & Estate Planning Introduction; Co-Ownership of Property
Broadridge Alerts: Key Tax Reform Changes for Individuals; Market Volatility Materials Available
Bob Veres Media Reviews: How the Best Advisors Approach Aging Clients
Benefit Spotlight: Tax Season & Tax Reform Resources
Advocacy: AICPA's Written Statement at January Hearing on "Legislation to Improve Tax Administration"
Attend the Advanced Personal Financial Planning Conference at AICPA ENGAGE
Nominate a Star CPA/PFS for a Standing Ovation
CPA/PFS Corner: Here's an Idea on How to Get Your PFS Credential!
Other News: Article: Social Security Benefits Hacked: A Cautionary Tale; Special Journal of Accountancy Issue: Retirement; Bob Veres Inside Information: The Chemistry of Better Conversations; Podcast: Extension of Time to Allocate GST Exemption; Broadridge Alert: New Client Video Covers Bonds and Bond Funds; Bob Veres Media Reviews: Dangerous Generalizations (Estate Planning)
PFP News & Resources
Videos: Strategies for Financial & Estate Planning Introduction; Co-Ownership of Property
  Based on one of the most robust and popular PFP Section member benefits, The Adviser’s Guide to Financial and Estate Planning, expert Steve Siegel covers the following topics in these two new videos:
 
An Introduction to the guide, its purpose and how it addresses key issues that advisers face each day when advising individual clients
Co-ownership of property and factors to consider when assets are owned by more than one person
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Broadridge Alerts: Key Tax Reform Changes for Individuals; Market Volatility Materials Available
  The Tax Cuts and Jobs Act signed into law in December 2017 makes major changes to the U.S. tax code for individuals and businesses. This new video summarizes key changes for individuals, including changes to income tax rates and brackets, the standard deduction, the child tax credit, various itemized deductions, and the estate tax.

Also, if you are looking for ways to help your clients stay focused on long-term investing, check out this new advisor alert which includes many materials you can consider using including:
 
Strategies for Coping with Market Volatility
Eleven Ways to Help Yourself Stay Sane in a Crazy market
Handing Market Volatility
Holding Equities for the Long Term
Monitoring Your Portfolio
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Bob Veres Media Reviews: How the Best Advisors Approach Aging Clients
  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 February’s Investment Advisor magazine, including those rated with high relevance:
 
“RIA Benchmarking Goes Mainstream” by Tim Welsh
“Contentment or Complacency?” (adviser growth) by Mark Tibergien
“Getting over Yourself” (firm stages) by Angie Herbers
“How the Best Advisors Approach Aging Clients” by Charlotte Beyer
“10 ‘Must Do’ Practices for Tax Time” by Dan Skiles
“What to Do About Form ADV Amendments” by Tom Giachetti
“There Is a Method to the Hiring Madness” by Caleb Brown
  Access other editions of media reviews, Inside Information and e-columns.
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Benefit Spotlight: Tax Season & Tax Reform Resources
  Navigate tax changes with your individual clients this tax season and offer forward-looking planning advice using these resources available to you as a PFP/PFS Section member:
 
Webcast Recording : Top Tax and Financial Planning Strategies for the New Year
Self-study courses with CPE on topics like Individual Tax Reform Impacts and Pass-Through Entities
Tax Reform Resource Center : the AICPA home for comprehensive coverage on tax reform
Tax Season Resource Center which includes free resources for PFP Section members along with other free key charts and guides
PFP Section resources and Broadridge Advisor which support financial planners all year long with tax planning
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Advocacy: AICPA's Written Statement at January Hearing on "Legislation to Improve Tax Administration"
  Read the written statement submitted for the January 30th Hearing on “Legislation to Improve Tax Administration” which emphasizes the AICPA’s long-standing commitment to support a service-oriented and modernized tax administration. As taxpayers face a period of uncertainty and ambiguity in light of the significant tax law changes, AICPA emphasized the importance of a modern-functioning IRS that is able to issue immediate guidance on priority issues.
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Attend the Advanced Personal Financial Planning Conference at AICPA ENGAGE
  Receive strategic technical guidance to propel your knowledge and your firm forward at the AICPA Advanced Personal Financial Planning Conference at ENGAGE. Seasoned financial advisers and leaders in the profession will teach you how to support your clients at every life stage and dive deep into topics like tax-efficient retirement withdrawals, generating tax alpha and cybersecurity.  Also, enhance your conference experience by attending a pre-conference workshop:
 
Building a Tax and Financial Planning Advisory Business
Expanding Your Value as a Retirement Coach
 

Take advantage of the PFP Section discount of $100 + early bird discount of $100.

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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 (40 and under) in personal financial planning (including tax, retirement, estate, risk management/insurance, and investment planning) 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
  Where are You on the Path to the CPA/PFS Credential?
Take advantage of these resources to help you gain confidence in personal financial planning (PFP) and the competence the CPA/PFS credential demonstrates to your clients:
 
1. Assess your PFP Knowledge Review the PFP Body of Knowledge
2. Need Education Learn by topic through the Certificate Pathway or register for the PFP Bootcamp which provides a comprehensive overview. Complete your preparation with these practice questions.
3. Decide Which Exam Method Fits You Best Comprehensive PFS Exam in June or jump on the Certificate Pathway with 5 on-demand courses and almost 90 hours of CPE
4. Assess your PFP Experience 3.000 practice hours over the past 5 years are needed (can include up to 1,000 hours of tax compliance)
5. Apply for the Credential Complete the online application
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Other News
  Article: Social Security Benefits Hacked: A Cautionary Tale
In this article, Jim A. Shambo, CPA (retired), shares his personal experience with Social Security benefits being hacked. Shambo explains how he ultimately discovered that his benefits had been paid out to a skilled criminal and what ramifications he is currently working through. Be aware of this scam and learn how you can help inform your clients about this issue.

Special Journal of Accountancy Issue: Retirement
Don’t miss the special 2018 February issue of the Journal of Accountancy, which features Retirement as the topic of interest. Many of your peers and CPA/PFS members were featured as authors and contributors, and several served as guest editors. Special feature articles include Help Clients Balance Retirement and Education Planning, Bring More Value to Your Clients with Charitable Planning, How to Choose the Right Software for Retirement Planning, A CPA/PFS For the Middle Class and Help Small Businesses Choose the Right Retirement Plans.

Bob Veres Inside Information: The Chemistry of Better Conversations
The latest edition of Inside Information* from Bob Veres includes stories like “The Chemistry of Better Conversations: Focus on Relationship Before Task” (PFP Summit highlight). *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.

Podcast: Extension of Time to Allocate GST Exemption
In PLR 201801001, the IRS granted an extension of time to make an allocation of GST exemption to a testamentary trust, Bob Keebler, CPA/PFS, reports. The text of the ruling can be found here and the podcast here, courtesy of Leimberg Information Services, Inc.

Broadridge Alert: New Client Video Covers Bonds and Bond Funds
Broadridge just released a new concept video, "Bonds and Bond Mutual Funds 101." This video introduces viewers to bond basics, and covers such topics as why bonds are issued, how they can provide investors with a steady stream of income, the different types of maturities available, and the differences between individual bonds and bond funds.

Bob Veres Media Reviews: Dangerous Generalizations (Estate Planning)
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 February’s Financial Planning magazine, including those rated with high relevance like “Dangerous Generalizations” (estate planning) by Martin Shenkman. Access other editions of media reviews, Inside Information and e-columns.
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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!


The Future of Services to Individuals Part 2
April 25th from 2:30-3:30pm ET
Free with CPE for everyone.

To Roth or Not?
May 23rd from 1-2:15pm ET

How to Serve Your Clients Year-Round with Financial and Tax Planning Strategies
May 24th, 1:00-2:45pm ET
Free with CPE

Tax Planning Update
July 11th from 1-2:15pm ET

In-Depth Rebalancing
August 29th from 1-2:15pm ET


Upcoming Conferences:

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


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