PFP Association News


Scholarship to attend the AICPA Advanced Estate Planning Conference

Financial Planning Digest | May 21, 2015

The P. Thomas Austin Personal Financial Planning Division Scholarship recognizes one emerging CPA by covering registration and travel expenses to attend the 2015 Advanced Estate Planning Conference (July 20-22, 2015, in Salt Lake City). Learn more about the requirements to apply by June 1.


Free webcast: Practical Planning for Aging & Elder Issues

Financial Planning Digest | May 21, 2015

As our clients age, new dimensions of planning challenges and opportunities arise. These planning issues are complicated by rising tax rates, growth in health care costs, potential cognitive decline, complex Medicare and long-term care decisions, and caregiver concerns, among other issues. On June 3 from 1-2:15 p.m. ET, a panel of CPA/PFS credential holders will discuss best practices and practical planning tips for addressing aging and eldercare issues. Attend for free. No CPE will be offered.


Only 2 Weeks Until the June Online PFP Boot Camp!

Financial Planning Digest | May 18, 2015

The AICPA's online PFP Boot Camp will be held each Monday during the month of June (1st, 8th, 15th, 22nd). This handy broadcast systematically covers all of the topics on the PFS Exam (next offered June 19-July 31 at convenient testing centers located across the country) and refreshes your knowledge of estate, retirement, tax, investment and insurance planning. It features practical examples and applications that you can use in your practice immediately. Purchase one class or the entire series. For more information on the online or the in-person June PFP Boot Camp in Denver, visit aicpa.org/pfp/bootcamp.


Webcast: Expanding the Framework of Safe Withdrawal Rates

Financial Planning Digest | May 18, 2015

Determining a "safe" amount of retirement spending is an increasingly popular topic amongst financial planners, yet a great deal of confusion exists about the current state of research and how it should be applied. On May 20 from 1-2:15 p.m. ET, Michael Kitces will explore the evolution of safe withdrawal rate research, from its starting point with Bengen almost 20 years ago to the subsequent breadth of additional research on the impact of factors like expenses, taxation, varying time horizons, greater diversification, spending flexibility, annuities and more. Discounted CPE is available for purchase for PFP/PFS, Tax Section and PCPS members.


Webcast: Understanding the Value of Personal Financial Planning Services

Financial Planning Digest | May 14, 2015

With the increased demand and projected growth of personal financial planning services in areas such as estate, retirement, risk management and investments, CPAs are quite possibly the single most important decision makers for individuals and businesses. The economic benefit of adding PFP services makes it an attractive revenue stream. Join the kickoff of the From Tax Preparer to Financial Planner webcast series on May 21 from 1-2:45 p.m. ET to understand the value of PFP services. Register now for all or portions of this webcast series. Discounts are available for PFP/PFS Section, Tax Section and PCPS members.


Podcast: Social Security -- Will It Last?

Financial Planning Digest | May 14, 2015

In this PFP Section podcast, Michael Kitces and Ted Sarenski discuss the outlook for Social Security and how several factors, including retirement age, payroll taxes and income threshold, will impact the sustainability of funds. They'll talk about what changes are needed to sustain the system for another century, and what advisers can tell clients to expect with regard to Social Security benefits.


Final Reminder! Apply to Volunteer on a PFP Committee by May 15

Financial Planning Digest | May 11, 2015

The AICPA has over 100 volunteers who serve on the various Personal Financial Planning committees and task forces, including the PFP Executive Committee and PFS Credential Committee. If you are interested in participating on a committee or task force, please log on to Volunteer Central at volunteers.aicpa.org and complete the volunteer application. Please make sure to load a resume or CV.


May Inside Information

Financial Planning Digest | May 07, 2015

The May 2015 edition of Inside Information from Bob Veres covers 21st century branding, cybersafety in a box, improving the financial literacy rate, automatic account aggregation and Bob's take on the DOL proposal. 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 it directly from Bob Veres or sign up for PFP membership.


Webcast: Tax Impacts of Decanting

Financial Planning Digest | May 07, 2015

What is decanting? How does it work? What are the tax implications? These are only a few of the questions which should be asked when considering decanting as a possible strategy. On May 12 from 1-2:45 p.m. ET, Bob Keebler and Jonathan Blattmachr will cover some of the more difficult issues regarding decanting, including when to use it as well as its impact on income, gift, GST and estate taxes. This webcast is free for PFP/PFS members without optional CPE (see your PFP News for a registration link) or for purchase with discounted CPE for PFP/PFS, Tax Section, and PCPS members.


Maximize Year-Round Productivity with Leading Financial and Tax Planning Strategies

Financial Planning Digest | May 04, 2015

On May 6 from 1-2:45 p.m. ET, Bob Keebler and Steve Oshins will discuss such topics as: lessons learned from tax season; the latest planning strategies in estate, tax, retirement, and risk management; and investment planning opportunities that you can use to plan for your clients year-round, as well as tips to help your clients to take action. This webcast is free for PFP/PFS members without optional CPE (see your PFP News for a registration link) or for purchase with discounted CPE for PFP/PFS, Tax Section, and PCPS members.


Scholarship to Attend the AICPA Advanced Estate Planning Conference

Financial Planning Digest | May 04, 2015

The P. Thomas Austin Personal Financial Planning Division Scholarship recognizes one emerging CPA by covering registration and travel expenses to attend the 2015 Advanced Estate Planning Conference (July 20-22 in Salt Lake City). Learn more about the requirements and apply by June 1.


Why CPA/PFS?

Financial Planning Digest | Apr 30, 2015

Every CPA/PFS is first and foremost a CPA -- only CPAs qualify to hold the CPA/PFS. A CPA's foundational tax expertise and business acumen coupled with the stringent PFS requirements enables him or her to uniquely address the financial planning concerns of individuals, families, and business owners. Learn more about the value proposition of the CPA/PFS and share this short video with your clients and prospects. The summer 2015 PFS exam will be offered June 19 - July 31, 2015, at convenient testing centers across the country. Learn more about the exam and preparation options at aicpa.org/PFS exam.


From Tax Preparer to Financial Planner: The Road Best Traveled

Financial Planning Digest | Apr 27, 2015

Many CPA financial planners add financial planning services to their tax practices because their clients ask about issues that go beyond taxes, including educating children, transferring wealth, protecting assets and funding retirement. Register now for all or portions of a webcast series designed to assist you in moving from tax return preparer to financial planner. Learn how to take an integrated approach to the delivery of financial planning services to ensure all of your clients' tax, estate, retirement, investment and risk management needs are met. Webcast series begins May 21. Discounts are available for PFP/PFS Section, Tax Section, and PCPS members.




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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