Nerd's Eye View

DECEMBER 12, 2022

Financial advisors have had to navigate many challenges in 2022, from an inflationary environment, the likes of which we have not experienced in decades, to weak stock and bond market performance.

Education 246

Education CFP Certification License 246

eMoney Advisor

MAY 1, 2023

1,2 Despite the small numbers, AAPI professionals remain the largest ethnic minority within the financial planning profession. John Eing, MBA, CPA, CFP® “Understanding cultural values can make you a better financial planner. percent of the American population. The AAPI experience is difficult to pin down because it can vary widely.

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

eMoney Advisor

JANUARY 12, 2023

We’ve gathered seven unique volunteer opportunities for financial professionals, including pro bono financial planning. A 2021 study measured the impact pro bono financial planning can have on cancer patients. Their study found that those who received pro bono financial planning support had a 53 percent higher survival rate.

Financial Planning 107

Financial Planning Planning Financial Planner CFP 107

Nerd's Eye View

DECEMBER 11, 2023

For most financial advisors, 2023 was a year of rebound and reinvestment, as markets bounced back from the turbulence of 2022, and expanded profit margins allowed advisory firms room to reinvest back into the services and value they're providing clients to make sure their retention stays strong in the future.

Financial Advisor 245

Financial Advisor Financial Advice Ethics Financial Planning 245

Walkner Condon Financial Advisors

JUNE 2, 2023

The importance of getting women into financial planning feels like it should go without saying. Unfortunately, we’re not quite there yet as a society, since as of 2022, the Bureau of Labor Statistics reports only a third of financial advisors are women. In 2022, nearly 42% of the externships participants were women.

Financial Planning 98

Financial Planning Planning CFP Financial Advisor 98

Your Richest Life

SEPTEMBER 2, 2022

The Biden Administration’s Student Loan Debt Relief Plan plan can forgive up to $20,000 for qualified borrowers. Here’s an overview of the plan, who qualifies, and what the next steps are: Is the repayment pause extended? Do I qualify for The Biden Administration’s Student Loan Debt Relief Plan? 31, 2023. .

Planning 102

Planning Fee Only Taxes CFP 102

Abnormal Returns

JANUARY 2, 2023

kitces.com) Jamie Hopkins & Ana Trujillo Limón talk with Dave Yeske, CFP, founder and Managing Director of YeskeBuie about the role of emotions in financial planning. thinkadvisor.com) Advisers Inflation, and falling markets, put the hurt on wealth in 2022. wiredplanning.com) SECURE 2.0 A deep dive into SECURE Act 2.0

Distribution 130

Distribution Financial Advice CFP Financial Planning 130

Carson Wealth

AUGUST 31, 2022

Scott Budd, CFP ®. Choosing the right Medicare plan is one of the most important decisions seniors are faced with. That’s why it’s a good idea to consult a qualified professional about which plan works best for you. What Medicare Plans Cover (and What They Don’t). Senior Wealth Planner . flowchart ?to

Planning 98

Planning Medical Insurance CFP 98

eMoney Advisor

DECEMBER 6, 2022

Insurance in Financial Planning. The CFP® Board includes risk management and insurance in its financial planning principal knowledge topics for a good reason. Our research shows about 70 percent of advisors offer risk management and insurance planning. Attendees will be eligible to earn 1 CFP® CE credit.

Financial Planning 97

Financial Planning Clients Planning Estate Planning 97

International College of Financial Planning

DECEMBER 9, 2024

The financial planning industry has witnessed remarkable growth, making the Certified Financial Planner (CFP) certification increasingly valuable for professionals seeking to advance their careers. Why Choose CFP Certification? This international recognition provides certified professionals with unprecedented career mobility.

CFP 52

CFP Financial Planner Certification Certified Financial Planner 52

eMoney Advisor

NOVEMBER 10, 2022

Londell McMillan said in a 2022 hearing. What can we learn from celebrity estate planning disasters like this? Such cautionary tales prove the value of proper planning. Prince Rogers Nelson’s death at age 57 was tragic, and the tragedy compounded when it became clear the superstar musician didn’t have an estate plan.

Estate Planning 78

Estate Planning Clients Planning Financial Planner 78

Abnormal Returns

JANUARY 23, 2023

Podcasts Christine Benz and Jeff Ptak talk taxes with Jeffrey Levine, chief planning officer for Buckingham Strategic Wealth. thereformedbroker.com) FutureProof 2022 was a resounding success. kitces.com) CFP candidates are becoming more diverse. Sign up for the next go-round.

Wealth Management 130

Wealth Management Financial Advising CFP Communication 130

Carson Wealth

AUGUST 25, 2022

Among these are your longevity, lifestyle, comfort with market performance, sequence of return risk, current health, housing plan, proportion of fixed to variable expenses, proximity to children and so much more. Focus on Your Retirement Plan Rather Than a Magic Number. would be “How do I plan for retirement?“

Retirement Planning 98

Retirement Planning Retirement Planning Certified Financial Planner 98

Million Dollar Round Table (MDRT)

DECEMBER 27, 2022

Williams, CFP, CLU Business planning helped MDRT member Kevin Williams become one of the top earners for his company. Excerpted from his 2022 MDRT Annual Meeting presentation, he shares a few of his tips for consistent success: 1. Plan/vision. We all need to have a plan. By Kevin R.

CFP 98

CFP Business Planning Planning Clients 98

eMoney Advisor

APRIL 25, 2023

Values conversations are part of a shift toward a more human-centered, holistic financial planning approach in the industry that can be seen in publications like The Psychology of Financial Planning by the CFP Board. 5 Values conversations can be especially beneficial for couples, and the planning process.

Financial Planning 84

Financial Planning Planning Financial Planner Clients 84

eMoney Advisor

DECEMBER 12, 2022

Broadening the reach of your financial planning services is good for the health of your business, helps your advisors become more successful, and increases the likelihood that they continue to build their careers with your firm. What are Home Offices Doing Today to Support Financial Planning at the Firm Level?

Planning 82

Planning Certified Financial Planner Financial Planning Education 82

eMoney Advisor

NOVEMBER 15, 2022

Here are a few more reasons to apply it in your financial planning practice. According to eMoney’s 2022 Consumer Pulse research, individuals and families are feeling the pressures of inflation, citing fears of rising prices and financial insecurity ranging from budget constraints on buying groceries to funding retirement savings.

Financial Planning 76

Financial Planning Planning Clients CFP 76

eMoney Advisor

NOVEMBER 9, 2022

Cultural humility can help create a safe space for clients to share their most important financial information, which is a critical part of the financial planning process. As wealth begins to change hands, there will be new expectations for the financial planning industry —new service areas to explore and new client expectations to exceed.

Financial Planning 78

Financial Planning Planning Certified Financial Planner Financial Planner 78

Your Richest Life

SEPTEMBER 12, 2022

Due to high levels of inflation, market turbulence and global issues, your year-end checklist might require some additional prep and planning. 2022 Fall and Winter Travel Prep. Just make sure you read the fine print before booking; some third party sites don’t allow you to change or cancel your plans once you’ve booked. .

Budgeting 59

Budgeting Fee Only Financial Planning Planning 59

MainStreet Financial Planning

JANUARY 18, 2023

In 2022, the average American paid between about $100,000 – $200,000 for a four-year college education. College is a big expense to plan for so the sooner you get started the better. The best strategy is to develop a plan that will allow saving for both retirement and college! Open a parent owned 529 plan.

Education 52

Education CFP Retirement Planning 52

Indigo Marketing Agency

DECEMBER 19, 2022

Steve Sanduski is a CFP® professional and personal coach to financial professionals. Taylor Schulte is a CFP Ⓡ professional and founder and CEO of Define Financial. Lazetta Braxton is a CFP® professional and co-founder and co-CEO of 2050 Wealth Partners. Steve Sanduski. Learn more about Grace on LinkedIn. Taylor Schulte .

Financial Advisor 116

Financial Advisor CFP Financial Services Education 116

eMoney Advisor

JUNE 8, 2023

“I have been sharing my pronouns professionally for some time now on social media, during video meetings, and in discussions,” Laura LaTourette, CFP®, said in an editorial for Financial Planning magazine. For advisor and LGBTQ+ ally Woody Derricks, CFP®, ADPA®, this is a commonsense approach. “It’s Sources: 1.

CFP 85

CFP Financial Planning Clients Financial Planner 85

Walkner Condon Financial Advisors

SEPTEMBER 2, 2022

There are many types of accounts for individuals to employ as part of their saving and investment plan – IRAs, HSAs, FSAs, 529 plans, and more. The ABLE account contribution amount is capped at $16,000 for 2022. When it comes to the plan itself, most National Able Alliance (NAA) Member Plans are the best available option.

Accounting 98

Accounting Financial Advisor Certification CFP 98

Your Richest Life

DECEMBER 1, 2022

A 2022 study from the American Psychological Association found that 65 percent of respondents felt that finances were a significant source of stress. . Here are five strategies for cutting down on that money stress, so you can stop panicking and start making a plan: 1. Acknowledge your backup plans and celebrate your wins.

Certified Financial Planner 95

Certified Financial Planner CFP Financial Planning Financial Planner 95

Your Richest Life

NOVEMBER 11, 2022

As 2022 winds down, now is the ideal time to set yourself up for success in the new year. Try to set aside a time when you and your partner can look honestly at your money situation, and work together on what you plan to do in the year ahead to improve your situation and reach your goals. Make a Plan for the New Year.

Certified Financial Planner 110

Certified Financial Planner Estate Planning Financial Planning Planning 110

eMoney Advisor

DECEMBER 15, 2022

Over the next decade, more than a third of advisors (37 percent) are estimated to be retiring, according to a 2022 Cerulli Associates study. The Financial Planning Workforce. There are 93,643 CFP® professionals in the United States, with 46 percent of them in the 50 and older age bracket. A Wave of Retirements Expected.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Your Richest Life

JANUARY 27, 2025

For example, research from S&P Global found that over the 20-year period ending in 2022, only about 4.1% About Your Richest Life At Your Richest Life, Katie Brewer, CFP, believes you too should have access to financial resources and fee-only financial planning. of professionally managed portfolios in the U.S.

Investing 52

Investing Investments Risk Tolerance Portfolio 52

eMoney Advisor

JANUARY 20, 2023

Act, signed into law December 29, 2022, is designed to help strengthen the retirement system and Americans’ preparedness for retirement. The act introduces 92 provisions that will impact your clients and their financial plans, whether they’re in, nearing, or still years away from retirement. The SECURE 2.0 Act SECURE 2.0

Financial Advisor 89

Financial Advisor Retirement CFP Financial Planning 89

eMoney Advisor

APRIL 6, 2023

These professionals look to a well-designed financial planning tech stack to free up as much time as possible to spend with clients. If you’re thinking of starting your own financial planning practice as a solopreneur, you’ve come to the right place. Look for the level of flexibility you desire.

CFP 76

CFP Financial Planning Clients Planning 76

Your Richest Life

FEBRUARY 27, 2023

Additionally, the 2022 standard deduction increased to $25,000 for married filing jointly, an $800 increase from last year. In 2022, if your AGI was over $43,000, you could take 20% of the credit. Also note that there was an above-the-line deduction for charitable donations the past two years, but there is not one for 2022.

Taxes 105

Taxes Fee Only CFP Financial Planning 105

MainStreet Financial Planning

JUNE 27, 2022

The MainStreet Financial Planning Discussion Club. Acts, what that means to you and your Tax Planning in Retirement. Acts, what that means to you and your Tax Planning in Retirement. Hosted by: Cynthia Flannigan , CFP®. CPA/PFS, CFP, EA, USTCP, AEP. When: Tuesday 7-19-22 at 730pm Eastern; 430pm Pacific. ~30-45

Tax Planning 52

Tax Planning Certified Financial Planner Retirement Taxes 52

Your Richest Life

MAY 30, 2022

At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. The post Buying a House in 2022: What You Should Know appeared first on Your Richest Life. What to Consider Before You Upsize Your Home. About Your Richest Life.

Fee Only 59

Fee Only CFP Budgeting Financial Planning 59

Darrow Wealth Management

AUGUST 8, 2022

In early 2022, the IRS proposed new changes, and if enacted, some inherited IRA beneficiaries will need to take RMDs again and could face big penalties. It’s probable that the IRS would waive penalties as the announcement only came in February 2022 and still isn’t law. What the IRS proposal wouldn’t change.

Distribution 92

Distribution Retirement Taxes Accounting 92

Darrow Wealth Management

DECEMBER 5, 2022

If you want to make a gift for the 2022 tax year – act now. Speak with your tax advisor about state tax implications and potential planning opportunities. Article written by Darrow Advisor Kristin McKenna, CFP® and originally appeared on Forbes. A donor-advised fund is the easiest way to donate stock to charity.

Taxes 97

Taxes CFP Wealth Management Valuation 97

Darrow Wealth Management

DECEMBER 23, 2022

Some of the measures in the bill include increasing the required minimum distribution age, raising catch-up contribution limits, permitting some rollovers from 529 plans to Roth IRAs, and expanded access to employer plans. There are many components of the 2022 Act that will impact employers that aren’t outlined below.

Retirement 99

Retirement Retirement Planning Distribution Taxes 99

Your Richest Life

APRIL 5, 2022

Here are some tips for putting that money to the best possible use in 2022: Avoid impulse tax refund spending. Try to come up with a plan for every dollar of your refund. Finally, you could also use your refund to increase your retirement account savings , 529 plan savings or other long-term savings. Pay down debt?

Taxes 52

Taxes Accounting Budgeting Fee Only 52

Investing Caffeine

JANUARY 2, 2024

Although 2023 closed with a festive explosion, 2022 ended with a bearish growl. Effectively, 2023 was a reverse mirror image of 2022. In 2022, the stock market fell -19% (S&P) due to a spike in inflation. For the year just ended, much of the year felt like a party, but 2022 felt more like a funeral.

Economy 98

Economy CFP Accounting Investing 98