Weekend Studying For Monetary Planners (November 18-19)
2 min read
Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that legislative efforts to stop the enforcement of the Division of Labor’s newly proposed “retirement safety rule” have a cloudy future, as each Democrats and President Biden are opposing such efforts. Which means that, if enacted, the last word destiny of the proposed regulation, like its related predecessors, will probably be determined within the courts.
Additionally in trade information this week:
- CFP Board has expanded the small print it gives relating to disciplinary actions, increasing transparency across the disciplinary course of for each CFP professionals and the broader public
- A current research means that advisory companies that rent specialists are capable of provide extra planning companies and enhance the period of time advisors spend with purchasers, although doing so comes at a price
From there, we’ve got a number of articles on retirement planning:
- Why larger rates of interest and decrease inflation have led to an elevated preliminary protected withdrawal fee for retirees, in accordance with one evaluation
- A bunch of retirement ‘supernerds’ critiques a current declare that retirees can confidently use an 8% protected withdrawal fee
- Why retirees would possibly contemplate gifting whereas they’re alive moderately than ready till their deaths to go away cash to family members and charities
We even have a lot of articles on tax planning:
- How monetary advisors can add worth for purchasers by serving to them make Certified Charitable Distributions (QCDs) appropriately
- The vary of tax-savings alternatives advisors can uncover when reviewing a shopper’s tax return
- A year-end tax planning guidelines advisors and purchasers can use to make sure there will probably be no surprises when it comes time to file their 2023 tax returns
We wrap up with 3 closing articles, all about managing wealth:
- Why having important wealth doesn’t immunize a person from worrying about cash
- How advisors can help purchasers who’re getting into a relationship with unequal wealth
- Budgeting and account administration instruments shoppers (and their advisors) can think about using following the upcoming shutdown of Mint
Benefit from the ‘mild’ studying!
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