Medicare's fall enrollment season is underway and will continue until Dec. 7, meaning beneficiaries have another chance to review coverage and make changes. Here is a look at factors to consider related to Medicare Part D, Advantage plans and other issues.
Democrats are close to agreement on a social spending bill, and they will likely include a tax on the unrealized capital gains of a small group of taxpayers as part of the funding mechanism, according to senior Democrats. The provision would likely apply to people who generate $100 million worth of income for three straight years or who have $1 billion in assets.
Medicare recipients seeking to join an Advantage plan should consider benefits that are important to them and should recognize some plans might limit them to in-network providers. Here is a discussion of these and other factors to consider when choosing a plan.
Separating retirement resources into three buckets is one way to manage inflation and market volatility for clients approaching retirement. The method requires savers to think about goals across the short term, medium term and long term and to invest with those time frames in mind.
Legislative proposals to end the backdoor and mega backdoor Roth IRA strategies mean year-end Roth planning is especially important in the next couple of months. Here are four issues and strategies to consider involving Roth IRAs.
Donor advised funds can provide benefits both for your clients and the causes they want to support. Here are six advantages of setting up a donor advised fund related to issues such as taxes, client satisfaction and charitable impact.
It's important to help clients with high deductible health plans determine if health savings accounts are right for them. A key advantage of HSAs is that contributions, growth and withdrawals are all tax-free provided the money is used for qualifying medical costs.
Best year-end planning strategies in today's uncertain environment
Year-end planning in 2021 is shaping up to be one of the most important turning points in decades. Exactly what will happen is unclear, but starting to plan now will be the only way to navigate it. Join us for a webcast Oct. 26 or Nov. 1 as Bob Keebler, CPA/PFS, presents ideas, tips and tools to act on before year-end to minimize your clients' tax liabilities. Free CPE for PFP/PFS members.
Grow your practice beyond taxes
Learn how to identify clients who would gain from personal financial planning services, choose software and other solutions to free up time and decide on business models and pricing methods for financial planning services. Join us for a CPE webcast Dec. 6 in which Christopher Benson, CPA/PFS; Timothy Todd, Ph.D., J.D., CPA/PFS; and Carolyn Larsen-Wieber, CPA/PFS, will talk about how they have built their practices. Discounted for PFP/PFS members.
The AICPA's Personal Financial Planning Section is the premier provider of information, tools, advocacy and guidance for advisors who specialize in providing estate, tax, retirement, risk management and/or investment planning advice to individuals, families and business owners.
About the CPA/PFS Credential: The Personal Financial Specialist program allows CPAs to gain and demonstrate competence and confidence in providing estate, tax, retirement, risk management and/or investment planning advice to individuals, families and business owners through experience, education, examination, and a resulting credential.
AICPA Personal Financial Planning Section Resources