AICPA Personal Financial Planning (PFP)
333 episodes - English - Latest episode: 4 days ago - ★★★★★ - 34 ratingsWelcome to the AICPA Personal Financial Planning Section podcast. Follow us to receive unlimited access to free podcasts from nationally known experts on topics such as retirement, estate, tax, investment planning, and more.
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Episodes
Valuing life insurance policies for gift tax returns {PFP Section}
April 26, 2024 04:00 - 15 minutes - 22.2 MBAs we narrow in on the sunset of the Tax Cuts and Jobs Act, many practitioners will be suggesting that their relevant clients make gifts. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, and Larry Brody, JD, discuss what needs to be known when valuing life insurance policies for the purpose of filing gift tax returns, including: What do we need to know about the IRS regulations? Can you get a valuation in lieu of relying on the IRS regulations? What value should be used...
Strategies to draw down excess 529 funds {PFP Section}
April 15, 2024 13:23 - 18 minutes - 25.6 MBThe SECURE 2.0 Act opened new doors for the use of 529 plan funds. Kelley Long discusses the impact of the changes on strategies available to clients using 529 plans. Not only does Kelley review the rules of rolling 529 plan funds to Roth IRAs, but also takes a step further to address the numerous related questions she has gotten on this strategy and other creative ways to draw down 529 plan funds. In this episode of the PFP Section podcast, Kelley will provide the information you need to ...
Deeper CPA financial planner connections with Kelley Long {PFP Section}
March 22, 2024 04:00 - 34 minutes - 48.2 MBKelley Long began her career in big 4 accounting like so many other CPAs. However, she had to quickly shift her path with the fallout that happened after September 11, 2001. Her roles as a bank trust officer and as a workplace financial wellness provider led her to her passion for coaching on the everyday money issues that clients have. In this episode of the PFP Section podcast, Lyle Benson interviews Kelley to share more of her story with our community. The conversation includes the follow...
The best and worst things you can do with insurance – Part 2 {PFP Section}
March 08, 2024 05:00 - 38 minutes - 53 MBIn part 2 of this PFP Section podcast series, experts Lee Slavutin, MD, CLU, and Marty Shenkman, CPA/PFS, JD, LLM share planning details to help you guide your clients in the following areas: The different perspectives on long term care (LTC) insurance that goes beyond the numbers to the psychological benefits. Why it makes sense to have every client go through the process of evaluating LTC insurance, whether they buy it or not. The importance of understanding the nuances of SLATs and S...
What to beware of with QTIP trusts {PFP Section}
February 23, 2024 05:00 - 15 minutes - 21.1 MBQualified terminable interest property (QTIP) trusts were created so that spouses could receive the benefit of the marital deduction while also setting aside resources for a surviving spouse and retaining control over what happens to the funds when the surviving spouse passes away. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, and Paul Hood, JD, LLM, discuss the nuances of QTIPs, including: The confusion is caused by the separate Internal Revenue Code provisions on the e...
The evidence-based qualities of admired advisors {PFP Section}
February 09, 2024 05:00 - 34 minutes - 47.7 MBDo you want to be the trusted advisor who makes a meaningful difference in your client’s life? One of the ways to do this is to get in touch with the qualities of being that you want to demonstrate consistently with your clients. In this episode of the PFP Section podcast, Steve Atkinson, Managing Director with Admired Leadership, shares the behaviors that admired advisors have that separate them from the pack. Steve answers the following questions: Tell us about your prior experiences that...
Deeper CPA financial planner connections with Dr. Moon and Lyle {PFP Section}
January 26, 2024 05:00 - 39 minutes - 54.3 MBThe tables are turned on Lyle Benson, CPA/PFS, in this episode of the PFP Section’s Deeper CPA Financial Planner Connections series. Dr. Haesun Moon, communication scientist, educator, and author, interviews Lyle to pull out the gold threads of his professional story. They discuss: Lyle’s story of beginning in tax and his why behind diving into financial planning at age 29 and starting his own firm at the age of 36. How leaders in the profession became mentors early in Lyle’s career and ...
The why, what, and how behind legacy planning for your clients {PFP Section}
January 19, 2024 14:57 - 31 minutes - 43.2 MBCPA financial planners help clients live meaningful lives and pass on their legacy. Often, estate planning is heavy on the practical and complex elements that can be seen as the housekeeping of who gets what and when. What we don’t always explore is the deeper why behind the estate planning. The good news is that you can coach clients to discover their legacy so that it can be communicated and so that your client can see the meaning of their life story and what they want to leave behind. J...
The best and worst things you can do with insurance – Part 1 {PFP Section}
January 12, 2024 05:00 - 31 minutes - 44 MBProper insurance planning is one of the most overlooked areas of personal financial planning. In part 1 of this PFP Section podcast series, experts Lee Slavutin, MD, CLU, and Marty Shenkman, CPA/PFS, JD, LLM share planning details you will want to know, including: Buying the adequate amount of life insurance Using whole life insurance as a way to save, to diversify client portfolios, and to protect assets How to protect against a fraudulent conveyance Buying insurance from highly rate...
Happy 2024 from the PFP EC and PFS CC chairs! {PFP Section}
January 05, 2024 05:00 - 28 minutes - 39.3 MBPFP Executive Committee (PFP EC) chair, Brooke Salvini, CPA/PFS, and PFS Credential Committee (PFS CC) chair, Oscar Vives, kick off the New Year in this episode of the PFP Section podcast. They answer the following questions: What did you learn in 2023 that was meaningful to you personally and professionally? What were the PFS CC and PFP EC milestones in 2023? What is the PFP Division celebrating in 2024? What are the focus areas for the committees in 2024? What is your favorite PFP...
Deeper CPA financial planner connections with Jim Shambo {PFP Section}
December 29, 2023 05:00 - 40 minutes - 55.5 MBJim Shambo is one of the pioneers of the CPA financial planning profession, the PFP Section, and the PFS Credential. He has a lot of insight to offer on many topics that can be useful takeaways for listeners. In this episode of the Deeper CPA financial planner connections PFP podcast, Lyle Benson facilitates a discussion with Jim to share the highlights of his story. The conversation includes the following topics: How Jim decided to focus on personal financial planning after beginning his c...
Inherited IRA RMD clarity for 2023 and 2024 {PFP Section}
December 22, 2023 05:00 - 18 minutes - 25.9 MBEd Slott, CPA, and Bob Keebler, CPA/PFS, discuss the complicated inherited IRA RMD rules and what is required in 2023 and 2024 in this episode of the PFP Section podcast. Ed and Bob provide clarity in the following areas: An easy formula to use to get clear on all of the elements that need to be considered The only scenario in which penalty relief is available when the RMD is not taken Who must take RMDs in years 1 through 9 under the 10-year rule and who can wait until year 10 When ...
Crucial issues related to disability and long-term care insurance {PFP Section}
December 15, 2023 05:00 - 32 minutes - 45.5 MB150 million Americans live with chronic illness. And yet, disability and long-term care (LTC) insurance are often overlooked in planning with clients. In this episode of the PFP Section podcast, experts Lee Slavutin, MD, CLU and Marty Shenkman, CPA/PFS, JD, LLM share the most important considerations for client planning, including: What three riders are important to have on a disability insurance policy Why the exercise of determining the impact of disability on a family’s finances is cri...
Life insurance planning strategies for businesses {PFP Section}
December 08, 2023 05:00 - 26 minutes - 37.2 MBYou can give your clients tremendous value by guiding them with their life insurance planning, even if you’re not an insurance expert. In this episode of the PFP Section podcast, Ed Mendlowitz, CPA/PFS, interviews expert Lee Slavutin, MD, CLU to share strategies for businesses. Ed poses the following questions to Lee: What are the advantages of having life insurance in a qualified plan for a business owner? What specific rules do CPAs need to watch out for with key person insurance? Sh...
Deeper CPA financial planner connections: Our history and our future: Part 2 {PFP Section}
December 01, 2023 05:00 - 28 minutes - 40 MBThis is part 2 of the PFP Section podcast that marks our CPA financial planning history and celebrates the journey of where we’ve been to take us into the future. We once again invited other AICPA volunteer leaders into the discussion to help us share our story. In this episode, Lyle Benson, CPA/PFS, Andrea Millar, CPA/PFS, and other CPA financial planners discuss: What are the investment adviser regulatory issues that CPAs need to understand? Why should we all consider embracing calling ...
Deeper CPA financial planner connections: Our history and our future: Part 1 {PFP Section}
November 27, 2023 14:37 - 39 minutes - 54.4 MBAs with any profession, it’s important to understand how we got to where we are today to take us into a successful future. In this 25th episode of the Deeper CPA Financial Planner Connections podcast series, Lyle Benson, CPA/PFS, and Andrea Millar, CPA/PFS discuss how the CPA financial profession got started and led to building a thriving community and resources from there. They also invited other AICPA volunteer leaders to this episode to share their perspectives. The conversation includes:...
What you need to know about CA ING trusts {PFP Section}
November 17, 2023 05:00 - 11 minutes - 16.3 MBIn July, California Governor Newsome signed legislation that disallows the incomplete gift non-grantor trusts (INGs) as a way to avoid CA state tax income. The law is retroactive to January 1, 2023. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews CA attorney, Kirsten Wolff, to guide CPAs on how to proactively plan with this new legislation. Bob poses the following questions to Kirsten: Do all ING trusts now trigger CA tax? Say more about the exception for char...
Life insurance planning strategies for individuals {PFP Section}
November 10, 2023 05:00 - 34 minutes - 47.2 MBYou can give your clients tremendous value by guiding them with their life insurance planning, even if you’re not an insurance expert. In this episode of the PFP Section podcast, Ed Mendlowitz, CPA/PFS, interviews expert Lee Slavutin, MD, CLU to share strategies to consider for your individual clients. Ed poses the following questions to Lee: What strategies would you recommend to make use of the lifetime exemption before the sunset at the end of 2025? Why is doing an insurance audit a gr...
The value of qualified small business stock (QSBS) treatment {PFP Section}
November 03, 2023 04:00 - 11 minutes - 15.7 MBIRC Sections 1202 and 1045 are becoming more popular in recent years due to the tax favorability and private investing being more attractive overall. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews experts Caleb Powers and William Beckett to refresh us on what this is all about. They discuss: What are the criteria to qualify? How do you receive IRC Section 1202 treatment? What happens if you don’t hold the QSBS for 5 years? How does IRC Section 1045 come i...
Deeper CPA financial planner connections with Sarah Bradley {PFP Section}
October 27, 2023 13:04 - 32 minutes - 44.9 MBSarah Bradley, CPA/PFS, took a leap from being an employee to being a first-time business owner practicing in tax compliance and personal financial planning. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, facilitates Sarah to share her story so that you can benefit from her experiences. They discuss: How Sarah made her way to her current role as partner in a CPA financial planning firm How she decided to go from employee to business owner and to a very different role in...
How to address the qualitative (aka hard) side of planning {PFP Section}
October 20, 2023 04:00 - 12 minutes - 17.5 MBWe often hear about the soft side of planning. As Lisa Featherngill, CPA/PFS, shares in this episode of the PFP Section podcast, this is really the hard side of planning. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Lisa to get her thoughts on how to have important conversations that lead to whether the quantitative side of planning will be successful or not. The stakes are high and it’s important to guide clients to communicate in a way that gets underneath t...
How to earn interest rate equivalents and pay less in tax {PFP Section}
October 06, 2023 14:41 - 19 minutes - 27 MBInvestors have regained interest in investing in bonds in this higher interest rate environment. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Mark Fichtenbaum, JD, LLM, to guide CPA financial planners on how to give rise to interest like income while paying long term capital gain rates. They discuss: · How to create the economic equivalent of interest income using option strategies · The after-tax benefits of using option strategies...
Deeper CPA financial planner connections with Lisa Featherngill {PFP Section}
September 29, 2023 14:16 - 35 minutes - 49.4 MBLisa Featherngill, CPA/PFS, is on a mission to make sure the qualitative side of planning gets as much emphasis as the quantitative aspects. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, facilitates Lisa to share her wisdom so that you can benefit from her experiences. They discuss: How Lisa took the leap from providing tax and financial planning services in a CPA firm environment to joining a large bank What her mom shared with her that helped her make a hard caree...
Serving women clients well {PFP Section}
September 22, 2023 04:00 - 25 minutes - 36 MBWomen control 1/3rd of the total US household financial assets of 11 trillion dollars and they make up 47% of the workforce. And yet many don’t seek the financial advice they need to gain peace of mind for their financial futures. In this episode of the PFP Section podcast, Debbie Taylor, CPA/PFS, shares her experience working with women clients and what she has learned about their needs to best serve them. Debbie discusses the following topics: What are the financial challenges that women ...
The new Massachusetts surtax (PFP Section)
September 15, 2023 14:28 - 16 minutes - 23.5 MBEffective for 2023, Massachusetts taxpayers are now subject to a new surcharge of 4% of income over one million dollars. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Jonathan Blattmachr JD to guide CPA financial planners on the new surcharge. Who is impacted by the new surcharge? How is the new surcharge calculated? Considerations of changing domicile to avoid the new surcharge. How residents can file and structure income to reduce surc...
How the recent CA anti ING trust legislation impacts planning {PFP Section}
September 08, 2023 04:00 - 14 minutes - 19.7 MBCA recently passed legislation disallowing ING trusts by treating them as grantor trusts for state purposes retroactive to January 1, 2023. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Steve Oshins, JD, LLM, to guide CPA financial planners on how to rectify this situation. They discuss: What are ING trusts and why are they used in planning for clients? What does the CA legislation allow and not allow going forward? How to pivot to a different techn...
Tax traps to beware of with life insurance planning {PFP Section}
September 01, 2023 04:00 - 29 minutes - 40.4 MBThere are many professionals involved with clients and their tax, retirement, estate, insurance, and investment planning. In the case of life insurance, it’s important to be on the lookout for tax traps before it’s too late. In this episode of the PFP Section podcast, David Kushner, CPA, interviews expert Lee Slavutin, MD, CLU to inform us of the issues we need to know. They discuss: The 3 situations in which life insurance premiums are tax deductible and have little risks of being challeng...
Deeper CPA financial planner connections with Tom Trainor {PFP Section}
August 25, 2023 04:00 - 36 minutes - 50.3 MBTom Trainor is a CPA financial planner in Canada who has given a lot of volunteer time to the AICPA PFP Division. Tom talks about how collaborating with his peers in this community has kept his practice on the cutting edge. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, facilitates Tom to share his wisdom so that you can benefit from his experiences. They discuss: The different on ramps that Tom has taken to land with his own family office How Tom uses technology to ke...
Two important RMD developments {PFP Section}
August 18, 2023 04:00 - 6 minutes - 9.03 MBOn July 14, 2023, the IRS released notice 2023-54 which provides for relief for RMDs in two circumstances. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, shares what you need to know, including: If your client mistakenly took a required minimum distribution in 2023 based on SECURE but they could have waited until 2024 based on SECURE 2.0, they have until September 30th to repatriate the RMD without penalty. Relief via IRS notice 2022-53 has been extended into 2023. Bene...
Why you need to take Bitcoin seriously - part 3 {PFP Section}
August 11, 2023 04:00 - 31 minutes - 43.5 MBIf you believe it is a good idea to hold even a small amount of Bitcoin, the next step is to educate your clients and decide on the strategy that will have the best chance for success. In this episode of the PFP Section podcast, David Oransky, CPA/PFS, shares how he approaches this with his clients. Mark Astrinos, CPA/PFS, poses the following questions to David: How to you respond to criticism of Bitcoin from other advisors? What is your approach with clients to include Bitcoin in their ...
Nuances to be aware of with Roth conversion planning {PFP Section}
August 04, 2023 04:00 - 11 minutes - 16.1 MBIf you have clients who are contemplating Roth conversions who may also want to take advantage of clean vehicle credits and ACA premium credits, make sure to run the numbers so that you minimize their tax bill. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Martin James, CPA/PFS, so that you can learn more about these scenarios. They discuss: · How the clean vehicle energy and ACA premium credits work · How you can save your clients from mis...
Deeper CPA financial planner connections with Ellen Bruno {PFP Section}
July 28, 2023 04:00 - 25 minutes - 35.1 MBEllen Bruno is a CPA/PFS who has taken a career path that puts her in the seat of serving financial planners who are registered investment advisers. Her experience has always tied closely to money management beginning with her first role out of university with PwC. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, guides Ellen to share how she created her remote firm with 11 employees and words of wisdom about compliance in the RIA world. Ellen answers the following questions...
Why you need to take Bitcoin seriously - Part 2 {PFP Section}
July 21, 2023 04:00 - 30 minutes - 42.1 MBIn part 2 of this series, you’ll learn about the history of money and how that relates to the likelihood of Bitcoin becoming the future of money. In this episode of the PFP Section podcast, David Oransky, CPA/PFS, shares his knowledge based on his deep dive into understanding Bitcoin. Mark Astrinos, CPA/PFS, poses the following questions to David: What is the history of money? Compare and contrast Gold and Bitcoin. What gives Bitcoin its value and what makes it the perfect money? What...
Why you need to take Bitcoin seriously - part 1 {PFP Section}
July 14, 2023 04:00 - 35 minutes - 49.3 MBDavid Oransky, CPA/PFS, believes that if you don’t allocate a small allocation of your assets to Bitcoin as a hedge, you may be exposing yourself and your clients to a significant risk. In this episode of the PFP Section podcast, Mark Astrinos, CPA/PFS, interviews David Oransky, CPA/PFS, to get his wisdom on what we should know about Bitcoin. David takes a conservative approach to planning, so he was skeptical at first and was not an early adopter. However, after a deep dive to learn more, h...
Quantifying Advisor Value Part 2 {PFP Section}
July 07, 2023 04:00 - 31 minutes - 43.2 MBThere has never been a better time to focus on tax planning services to give clients high value. Integrating this with financial planning and investment management is even better. In this episode of the PFP Section podcast, Andrea Millar, RLP®, CPA/PFS, interviews Debbie Taylor, CPA/PFS, JD, to get her take on how to deliver the services that will make the largest impact for clients while also giving you high satisfaction. They discuss: What’s so important about identifying a target market/...
Deeper CPA financial planner connections with Clark Blackman {PFP Section}
June 30, 2023 04:00 - 40 minutes - 55.9 MBClark Blackman started out in tax, moved into financial planning, and eventually honed his expertise in investment advice. He was very likely the first CPA who had a client pay their fees based on assets under management rather than hourly or retainer fees. His experience in large CPA firms paved the way to finally open his own wealth management firm in 2006 where he now works alongside his wife and son. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, interviews Clark to le...
Quantifying Advisor Value Part 1 {PFP Section}
June 23, 2023 04:00 - 31 minutes - 43.7 MBServices like tax compliance and investment management are becoming commoditized. In this episode of the PFP Section podcast, Andrea Millar, RLP®, CPA/PFS, interviews Debbie Taylor, CPA/PFS, JD, to get her take on how to deliver the services that will make the largest impact for clients. They discuss: How do advisors add value beyond basic tax compliance and investment management? What is the breadth of services that clients expect? Are those services actually being delivered? Wha...
When to begin collecting Social Security {PFP Section}
June 16, 2023 04:00 - 15 minutes - 21.3 MBThe decision to wait until 70 to collect Social Security compared with starting as soon as possible is not as straight forward as it may seem. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS interviews expert Ted Sarenski, CPA/PFS to gain more insight into how to guide clients forward. They discuss: What are the factors that need to be considered when making this decision The straightforward scenarios and when things get more complex Weighing the importance of winning t...
How to maximize post-mortem IRA wealth transfers {PFP Section}
June 09, 2023 04:00 - 11 minutes - 16.8 MBSECURE 1.0 eliminated life expectancy distributions apart from eligible designated beneficiaries. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS provides a refresher of how the rules work and client examples to illustrate what needs to happen to maximize IRA wealth transfers. He shares: What happens in 90% of cases How the 10-year works before and after the required beginning date How to manage the 10-year rule from a mathematical perspective when RMDs are required ...
Four ways to achieve portability {PFP Section}
June 02, 2023 04:00 - 16 minutes - 23.5 MBPortability allows a surviving spouse to add the exemption of the first spouse to die to their exemption for estate tax purposes. This happens automatically on a timely filed estate tax return unless intentionally electing out of portability. The nuances come in when you need to file an extension to give more time to see which strategy works best or when filing an estate tax return wasn’t necessary at the time of the first to die. In this episode of the PFP Section podcast, Bob Keebler, CPA...
Deeper CPA financial planner connections with Dave Stolz {PFP Section}
May 26, 2023 04:00 - 32 minutes - 45.1 MBDave Stolz started out as a music major and shifted to business and being a CPA along the way. His journey deeper into financial planning began when he lost his dad. This tragedy shifted his perspective on life and took him in a new direction. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, interviews Dave to learn how he created his financial planning practice and much more. Dave answers the following questions: How did you create the successful financial planning firm yo...
The best estate planning ideas for large IRAs {PFP Section}
May 19, 2023 16:31 - 14 minutes - 20.2 MBBob Keebler, CPA/PFS, discusses the techniques that make the most sense when you have a client who wants to maximize the wealth transfer of their large IRA. Bob walks you through the considerations in the following areas in this episode of the PFP Section podcast. The payout rules Roth conversions CRTs IRA relocation Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with di...
How to reduce overwhelm for your clients {PFP Section}
May 12, 2023 14:56 - 27 minutes - 38.5 MBAs financial planners, we have deep technical knowledge. It’s a gift to take that expertise and deliver it in a way that simplifies concepts and ties back to what is most meaningful for your clients. In this episode of the PFP Section podcast, Andrea Millar, CPA/PFS, interviews Christine Moriarty to get her take on how to reduce overwhelm for clients. They discuss: How to be a thinking partner with your clients How to get clients to open up and share their biggest concerns and hidden agen...
When it makes sense to relocate an IRA to a life insurance policy {PFP Section}
May 05, 2023 04:00 - 12 minutes - 17.9 MBIf you are approached by clients or other advisors who think it makes sense to move money from an IRA to a life insurance policy, take a look before you throw out the idea. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, shares situations and considerations where this strategy may be prudent. He discusses: Why it works best for clients with a federal and state estate tax Other factors that make this worthwhile such as tax arbitrage and getting the life insurance out of t...
Deeper CPA financial planner connections with Dr. Haesun Moon {PFP Section)
April 28, 2023 04:26 - 35 minutes - 48.7 MBIn this special episode of Deeper CPA Financial Planner Connections, Dr. Haesun Moon is back by popular demand. In her fist podcast, she described her simple coaching model that can be used to have more effective conversations with clients and anyone you care about in your life. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, interviews Haesun to help you put her communication framework into practice. Dr. Moon answers the following questions: How do we integrate the 4-quad...
Roth conversion planning in 2023 {PFP Section}
April 21, 2023 04:00 - 11 minutes - 16 MBBest practices on how to view Roth conversions has shifted now that SECURE 2.0 has changed the age for required minimum distributions up to age 75 beginning in 2033. In this episode of the PFP Section podcast, Bob guides you with what to be thinking about as you make decisions with your clients this year, including: Tax brackets, outside funds to pay the tax on the conversion, and deferral have always been the main factors in deciding whether converting to Roth makes sense When looking at...
How to engage the next generation of clients and advisors {PFP Section}
April 14, 2023 14:03 - 23 minutes - 33.3 MBAre you looking for ways to deepen relationships with next generation clients and staff? In this episode of the PFP Section podcast, AICPA PFP Standing Ovation Award recipient Akeiva Ellis, CPA/PFS, shares how she keeps her younger clients feeling cared for and important. She also shares tips on what to think about to attract talented next gen advisors to your firm. Akeiva answers the following questions: What is the definition of next gen? What are some ways you have engaged these client...
Planning for the surviving spouse: Part 3 {PFP Section}
April 07, 2023 04:00 - 26 minutes - 36.9 MBWhen planning for the surviving spouse with your client’s attorney, it’s important to address issues while both spouses are alive to arrive at the best outcomes. In part three of this PFP Section podcast series, Paul Hood, JD, LLM, walks you through what may occur after the first spouse dies that should be built into the estate plan. He discusses the following issues to consider: Cashflow Backup fiduciaries Managing incapacity Blended families Estate tax apportionment Income tax ...
Deeper CPA financial planner connections with Susan Tillery {PFP Section}
March 31, 2023 04:00 - 30 minutes - 42.8 MBSusan Tillery, CPA/PFS, began her career journey in tax and eventually landed with her own fee for service financial planning firm that she owns with her husband, Tom. Their firm is designed to provide education and planning to their clients, and they team with other advisers to manage investments and do the tax compliance work. They also provide education and other resources to CPAs who want to add financial planning to their offerings. In this episode of the PFP Section podcast, Lyle Benso...
Biden’s 2024 budget proposals that impact individuals {PFP Section}
March 28, 2023 17:02 - 15 minutes - 21.7 MBPresident Biden’s fiscal year 2024 budget proposal includes many familiar changes that we have seen in past proposals. It’s difficult to predict whether these will come to fruition though it will be important to get ahead on having conversations with your higher wealth clients so that there are no unexpected surprises. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, covers the major tax provisions that will impact your individual clients if enacted, including: An increase ...