Most Clicked Financial Planning Digest Stories


1. Balancing risk and reward in retirement-income planning

Financial Planning Digest | Jul 02, 2015

The relatively new field of retirement-income planning is generally split between two schools of thought, writes Wade Pfau. Investment proponents favor the upside potential of stocks, and insurance proponents favor the reliability of contractual guarantees. But the truth is that both strategies have their merits, and combining the two may yield the best results. Learn more about a new guide from the AICPA PFP Section on practical retirement planning (and download the full guide or a free excerpt) in PFP News at the bottom of today's digest. Advisor Perspectives (06/30)


2. Same-sex marriage ruling clarifies financial issues

Financial Planning Digest | Jun 29, 2015

The U.S. Supreme Court's ruling last week allowing same-sex marriage across the country could simplify tax- and financial-planning issues for gay and lesbian couples. After marrying, these couples can file joint state tax returns, inherit property more easily and enjoy other benefits. The ruling may also provide new opportunities for advisers, who can add value by helping gay and lesbian clients understand the financial implications of marriage. Financial Advisor online (06/26) InvestmentNews (free registration) (06/26)


3. Married couples face financial pros and cons

Financial Planning Digest | Jun 29, 2015

Bloomberg (06/26)


4. What the Greek crisis means for global markets

Financial Planning Digest | Jul 02, 2015

Greece recently missed a scheduled loan payment, and the country's future in the eurozone is unclear. Here, four experts weigh in on how that could affect global financial markets. If there is no exposure to Greece in a client's portfolio, the best move may be to take a wait-and-see approach. ThinkAdvisor (06/30)


5. New! The CPA's Guide to Practical Retirement Planning

Financial Planning Digest | Jul 02, 2015

The CPA's Guide to Practical Retirement Planning provides a comprehensive look at the "science" (what you need to know) and the "art" (communicating this knowledge to clients) of retirement planning. The author, Jim Shambo, raises and answers anticipated reader questions, making the guide very readable and practical. Access the guide (and a free excerpt for non-members) and more retirement planning resources at aicpa.org/pfp/retirement.


6. Updates to Social Security and Retirement Health Care Planning Guides

Financial Planning Digest | Jun 29, 2015

Two popular PFP guides were updated this spring. The CPA's Guide to Social Security Planning was updated for 2015 thresholds and limits, and The CPA's Guide to Financing Retirement Healthcare was updated for 2015 thresholds and limits, as well as planning related to same-sex couples and the Affordable Care Act. Both guides address common client questions, enabling the practitioner to find guidance on typical planning situations. Access these guides and more retirement planning resources at aicpa.org/pfp/retirement.


7. Guidance for transferring brokerage account assets

Financial Planning Digest | Jun 29, 2015

The Financial Industry Regulatory Authority recently issued guidance to assist people who aren't sure how to transfer brokerage account assets after a relative dies. FINRA recommends that beneficiaries prepare for transfers by gathering the necessary documents, getting in touch with the brokerage, developing an understanding of the assets involved and getting ready to open a new account. ThinkAdvisor (06/26)


8. Tips for preventing elder financial abuse

Financial Planning Digest | Jun 29, 2015

Elder financial abuse appears to be increasing, according to an AICPA survey, but there are a variety of steps advisers can take to protect their older clients. This article lists nine tips, which include regularly reviewing your clients' financial plans, talking to their family members and requesting that double signatures be provided for checks worth more than a certain amount. Financial-Planning.com (06/25)


9. Trade Preferences Extension Act includes tax changes

Financial Planning Digest | Jun 29, 2015

The Trade Preferences Extension Act, passed last week by the House of Representatives, is about more than trade measures. Its tax provisions include a modification of health coverage and child tax credits. In addition, it adjusts the rules surrounding education tax credits and raises penalties associated with failure to submit correct information returns. Journal of Accountancy online (06/25)


10. Demand rises for advisers with Social Security, health expertise

Financial Planning Digest | Jun 29, 2015

Many clients saving for retirement expect financial advisers to guide them on health care and Social Security, but few planners have the requisite expertise, a recent report says. Health care costs are a leading concern for retirees, making it critical for advisers to be able to provide assistance in this area. The AICPA PFP Section offers an in-depth guide on retirement health care and Social Security planning at aicpa.org/pfp/retirement. InvestmentNews (free registration) (06/24)




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Designed specifically for CPA personal financial planners and others interested in financial planning, Financial Planning Digest is a FREE monthly e-mail newsletter from the AICPA. It provides the most important and timely news stories to support personal financial planners. Learn more