New release: annual software survey results for 2019
Are you looking for ways to make your practice more efficient and provide better client service? This newly released report could become your biggest ally this year! Bob Veres and Joel Bruckenstein of T3 Technology Hub team up annually to share the latest information on software solutions for financial planning firm needs. This valuable resource is available to you as a Bob Veres Inside Information subscriber via PFP Section (an annual $349 value). In this release you’ll find out:
– software solutions that are available
– what products are most popular
– user satisfactions
After you digest the report, take a look at the technology guide which gives tips on evaluating what software is right for your firm and how to get started with implementation.
Business succession planning for your clients: an Advanced PFP Conference sneak peek
What makes you an invaluable voice in your clients’ lives? In this podcast, Lisa Featherngill interviews Nancy Amick and Amy Jucoski, who share a sneak peek of their session at the 2019 Advanced Personal Financial Planning Conference at AICPA ENGAGE. Find out:
• What is business succession planning and why is it so important in your clients’ lives?
• Why should business owners integrate succession planning into their overall financial plan?
• What actions do the most successful business owners take to plan for succession?
• What is the first step to plan for succession?
Register for the Advanced PFP Conference
Join us at the 2019 AICPA Advanced Personal Financial Planning Conference, taking place from June 9-13 at the MGM Grand in Las Vegas as part of AICPA ENGAGE. Take away practical information you can implement with clients and remain the most trusted resource for them in the areas of tax, retirement, estate, risk management and investment planning. As an attendee, you’ll benefit from:
• 5 tracks of PFP sessions delivered by top-notch speakers
• Unparalleled, in-depth content
• Dedicated events designed to help you connect with peers and build new networks
• Enhanced learning with the opportunity to attend sessions from simultaneous conferences (like Advanced Estate and Tax Strategies)
Plus, you can enrich your conference experience by attending a pre-conference workshop like Building a Tax and Financial Planning Advisory Business and The Art of Likability. View the agenda and register today to attend onsite or live online! Click here for more on pricing. The early-bird discount of $100 applies through 5/1/19, in addition to your $150 discount as a PFP Section member and $300 as an AICPA member.
Bob Veres media reviews: IRA trusts
Save time and stay ahead of the curve by reading Bob’s write-ups of articles from the February Financial Planning magazine like:
• “Managing Amid Volatility” by Kelli Cruz
• “Should I Recommend Genetic Testing?” by Carolyn McClanahan
• “A Check Up on IRA Trusts” by Ed Slott
Broadridge alert: the costs of the government shutdown
The longest federal government shutdown in history ended on January 25, 2019. This new client alert looks at the estimated cost of the government shutdown to the economy and government services.
Education planning tips and strategies
Many clients have a goal of funding higher education. But have you factored in what might be possible if a client’s child works a summer job? Use your PFP Section resources to find learn more about what is possible with a Roth IRA and more great strategies on planning for education in these resources:
• In-depth guide
• Webcast recording
Also, Broadridge Advisor has an entire Saving for College Life Events Center with dedicated content like a checklist, concept pieces, and interactive calculators.
Bob Veres survey: future-ready service model
Many financial planning firms would like to be able to segment their client base but aren’t sure how to do it effectively. With Bob’s help, Matthew Jackson of Simon-Kucher is doing some research and plans to provide a very rich set of data which will be shared later on with you as a Bob Veres Inside Information subscriber (included for you as a PFP Section membership benefit). Please complete the survey here.
Estate planning sholarship to attend ENGAGE
The P. Thomas Austin Personal Financial Planning Division Scholarship covers the registration fee and travel expenses of an emerging* CPA to attend the 2019 Advanced Estate Planning Conference as a part of AICPA ENGAGE. In addition, there will be networking opportunities with seasoned estate planners available throughout the event. Learn more about the requirements and complete an application by May 1, 2019 to be considered. *For purposes of this scholarship, an emerging CPA is a practitioner with 10 years or less experience as a CPA. The registration fee applies to the Advanced Estate Planning Conference and the pre-conference workshop, EST Basics.
Tour the PFP website
Are you familiar with how to quickly and easily access resources on the PFP Section website? If not, check out this short video series giving you a quick glance at how to find the tools and resources you are looking for.
Updated for 2019: The Retiree’s Cost of Care Barometer 3.0
Are your clients concerned about planning for and managing health care expenses in retirement? The Retiree’s Cost of Care Barometer, newly updated, can help! This comprehensive planning tool designed by James A. Shambo, CPA (Retired) can help you measure and deliver funding solutions and planning advice tailored to your clients’ unique needs.
Get started with the User’s Guide and supplement your knowledge using The CPA’s Guide to Practical Retirement Planning.
Bob Veres February Inside Information: Takeaways from the AICPA PFP Summit
The latest edition of Inside Information from Bob Veres includes stories on like: The Profession: Takeaways from the PFP Summit featuring Tracy Beckes, Angie Herbers, Ed Jacobson and more. In case you missed it, check out the January Inside Information edition here, which was not included in the PFP newsletter as an accidental oversight. We apologize for any inconvenience this may have caused.
Corrected 199A draft final regulations posted
On February 4th, the Treasury Department and the IRS released the corrected draft final regulations under Section 199A. This podcast, featuring Bob Keebler, CPA/PFS, provides a good overview of the final regulations and the impacts on your clients.
6th Annual Trust Decanting State Rankings Chart released
Steve Oshins released the 6th Annual Trust Decanting State Rankings Chart with 29 decanting jurisdictions ranked. The states are ranked based on the ease of use and amount of flexibility provided by their statues. Many of the lower-ranked state statutes have flexibilities that higher-ranked state statues lack.