Mathematics of the SECURE Act in-depth
In this in-depth episode, Bob Keebler CPA/PFS, walks you through the mathematics of the SECURE Act, including:
• What are the three best solutions to address the 10-year rule that eliminates Stretch IRAs and how do you apply them?
• What are special circumstances you need to address and how do you apply the appropriate strategies?
• How do you run the numbers to determine the best strategies to use with your clients?
Follow along his presentation with these slides.
Bob Veres media reviews: tax law obliterates IRA trust planning
Save time and stay ahead of the curve by reading Bob’s write-ups of articles in the February Financial Planning issue like:
• “My Plan B for Succession” by Carolyn McClanahan
• “Are Advisors Overpaid?” by Allan Boomer
• “Building – Then Leaving- A Support System” by Dave Grant
• “New Tax Law Obliterates IRA Trust Planning” by Ed Slott
IRS finalizes tuition and fees deduction form
The IRS has finalized Form 8917, Tuition and Fees Deduction, and its instructions. The Taxpayer Certainty and Disaster Tax Relief Act of 2019 reinstated the tuition and fees deduction for tax years beginning in 2018.
The PFP Team has an open position for a Lead Manager and would love to have you or a recommended candidate apply. Email our team at email@example.com with any recommendations or questions.
Help your clients be Social Security-smart
As you are helping clients prepare for retirement, they likely will have questions for you about their Social Security benefits. Some common questions like those below can all be addressed using ready-to-go, client-friendly content in the Social Security Resource Center in Broadridge Advisor.
• How secure is Social Security?
• How can you get an estimate of your future benefits?
• Will my pension affect my Social Security benefits?
• What if I change my mind about when to begin taking benefits?
If you aren’t sure how to get started using the tool, check out the Broadridge training videos on the bottom of this page. This tool, a $499 annual value, is included with your PFP Section membership.
Be recognized for your outstanding achievements as a CPA financial planner.
The Standing Ovation Program recognizes young CPA/PFS credential holders in personal financial planning (including tax, retirement, estate, risk management and investments) who exhibit exemplary professional achievement. Help spread the word to others in your firm that they can nominate you or others who are eligible; you may also self-nominate with a letter of recommendation from a partner, manager, or colleague. Review the eligibility and nomination requirements and submit this quick and easy online application by May 1st.
Broadridge alert: tips for dealing with market volatility
The stock market was a solid one for investors in 2019, with several major indexes reaching record highs. But fear of an economic decline topped the list of CEO concerns heading into 2020, and an economic slowdown could mean increased market volatility. The newest Broadridge video offers tips for dealing with market volatility.
Estate administration for IRAs and qualified plans
Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In his latest episode, Bob Keebler, CPA/PFS, will discuss practical knowledge and solutions that will help you best serve your clients like how can you use a disclaimer for 2019 deaths to use the life expectancy rules.
Register for the Advanced PFP Conference
Join us at the 2020 AICPA Advanced Personal Financial Planning Conference taking place from June 9-13 at the Aria 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. Plus, you can enrich your conference experience by attending a pre-conference workshop like Building a Tax and Financial Planning Advisory Business and Insurance 101 – For the Dabbler and the Curious. View the agenda and register today to attend onsite or live online! The early-bird discount of $100 applies through 5/4/20, in addition to your $150 discount as a PFP Section member and $300 as an AICPA member.
Bob Veres media reviews: key tech decisions for 2020
Save time and stay ahead of the curve by reading Bob’s write-ups of articles in the February Investment Advisor like
“Here Are Your Key Tech Decisions for 2020” by Dan Skiles.