Most Clicked Financial Planning Digest Stories


1. What to do with a family limited partnership

Financial Planning Digest | Jul 27, 2015

You and your clients may choose from among several strategies when managing an existing family limited partnership or limited liability company, writes Martin Shenkman, CPA/PFS. These tactics include keeping the current structure, adjusting the investment allocation or eliminating discounts by restating governing documents. WealthManagement.com (U.S.) (07/23)


2. Clarify these issues to help clients avoid health insurance mistakes

Financial Planning Digest | Jul 23, 2015

Enrollment periods, qualifying events and provider networks are three issues advisers should discuss with their clients to help them avoid costly mistakes relating to Medicare and the Affordable Care Act. To help your clients navigate these areas, access a free excerpt from The CPA's Guide to Financing Retirement Healthcare from the AICPA PFP Section at aicpa.org/pfp/retirement. AICPA Insights (07/22)


3. Is an oil price crash looming?

Financial Planning Digest | Jul 27, 2015

The price of oil could be headed for a downturn that would be worse than the 1986 crash, according to a report. Analysts note that demand has increased, drilling activity has declined and oil companies' stock prices are low. But the supply of oil has not decreased, which could lead to a crash in prices that could last three years or more. Bloomberg (07/23)


4. Should clients take lifetime pension payments or a lump sum?

Financial Planning Digest | Jul 23, 2015

Calculating the internal rate of return of pension cash flows can help a client determine whether to take lifetime pension payments or a lump sum, writes Michael Kitces. The decision will be affected by a client's life expectancy and the specifics of his or her pension plan. Taking lifetime pension payments is generally more attractive if a client lives for a long time, unless the lump-sum option is particularly generous. Nerd's Eye View blog (07/22)


5. Why FLPs and LLCs are still worthwhile for estate planners

Financial Planning Digest | Jul 23, 2015

Family limited partnerships and family limited liability companies are familiar tools for estate planners, writes Martin Shenkman, CPA/PFS. Traditionally, one reason to create these entities was to get valuation discounts for estate or gift taxes. Changes to tax law may have eliminated this motivation, but FLPs can still provide benefits in terms of limiting liability, resolving disputes and avoiding ancillary probate, Shenkman writes. WealthManagement.com (U.S.) (07/20)


6. Trustees: Social Security needs congressional attention

Financial Planning Digest | Jul 27, 2015

Social Security payments were disbursed to 42 million retirees last year, according to a report from the Social Security trustees. However, the report notes that lawmakers might need to raise the payroll tax or decrease benefits to keep Social Security solvent in the long term. The Disability Insurance Trust Fund, which is on pace to deplete its reserves late next year, is of particular concern. ThinkAdvisor (07/23) ThinkAdvisor (07/23)


7. Clinton proposes 6-tier system for capital gains

Financial Planning Digest | Jul 27, 2015

Bloomberg (07/24)


8. Should clients invest in real estate?

Financial Planning Digest | Jul 27, 2015

New-home sales dropped 7% last month, the Commerce Department reported, despite earlier signs of a robust real estate market. The big question now is whether investors should add real estate to their portfolios. Experts note that investing in real estate can be a costly and complex process but that it can provide a steady income stream. ThinkAdvisor (07/23)


9. What new portability rules mean for clients

Financial Planning Digest | Jul 23, 2015

Portability rules issued by the Internal Revenue Service in June clarified some issues for clients and advisers. For example, the rules indicate that someone who has received an unused exclusion from a deceased spouse can use the exclusion when making a gift. "Portability is a game-changer that has not fully seen the impact on planning," Dennis Belcher said during his talk at the recent AICPA Advanced Estate Planning Conference. For estate planning resources from the AICPA PFP Section, including a comprehensive estate planning guide with a chapter covering portability, visit aicpa.org/pfp/estate. InvestmentNews (free registration) (07/20)


10. How checklists can improve client relationships

Financial Planning Digest | Jul 23, 2015

Using written checklists can help professionals avoid mistakes and have more productive meetings with clients, writes Dan Richards. The efficacy of checklists has been demonstrated in the medical field, where they have been shown to reduce errors and complications from procedures, he writes. Advisor Perspectives (07/21)




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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