Weekend Studying For Monetary Planners (November 18-19)

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that legislative efforts to forestall 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 final 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 main points it offers 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 corporations that rent specialists are in a position to supply extra planning providers and enhance the period of time advisors spend with purchasers, although doing so comes at a value

From there, we have now a number of articles on retirement planning:

  • Why larger rates of interest and decrease inflation have led to an elevated preliminary secure withdrawal price for retirees, in accordance with one evaluation
  • A bunch of retirement ‘supernerds’ critiques a current declare that retirees can confidently use an 8% secure withdrawal price
  • Why retirees may take into account gifting whereas they’re alive reasonably than ready till their deaths to go away cash to family members and charities

We even have a variety 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 consumer’s tax return
  • A year-end tax planning guidelines advisors and purchasers can use to make sure there shall be no surprises when it comes time to file their 2023 tax returns

We wrap up with 3 remaining 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 coming 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 ‘gentle’ studying!

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