Personal Financial Planning

The National Association of Securities Dealers (NASD) proposed a rule ( ) designed to address inappropriate practices discussed in Joint SEC/NASD Staff Report on Examination Findings Regarding Broker-Dealer Sales of Variable Insurance Products ( ), which it released in conjunction with the SEC in June 2004. The report identified situations in which brokers inappropriately recommended variable insurance products to senior citizens and others who couldn’t afford them without obtaining home mortgages. Other questionable practices included brokers’ failure to fully disclose these products’ fees, risks and tax consequences as well as problems related to supervision and training of sales staff and account recordkeeping. The proposed rule would codify and make mandatory related best-practice guidelines NASD had issued previously. Comments are due August 9, 2004.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.