Personal financial planning news and resources

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March 11, 2025

Untangling tariffs: Consumers expected to bear the brunt

The majority of companies represented in a survey said they plan to pass along most, if not all, costs created by tariffs to their customers.

February 18, 2025

Prenuptial agreements: What financial advisers need to know

Putting in writing what happens in the event of divorce is important for high-net-worth clients especially, and with the right approach, these agreements can be created with care and respect.

February 1, 2025

How Medicare rules affect HSA eligibility after age 65

The complex rules for Medicare and health savings accounts lead to many client questions. Here are answers to some of the most common ones.

January 27, 2025

Financial planning aspects of unretiring

Reentering the workforce after having officially retired from it can raise a host of financial planning questions, especially for individuals whose main motivation for “unretiring” is economic.

January 13, 2025

DOL’s ‘retirement security rule’ runs into obstacles

The U.S. Department of Labor’s recent effort to impose new requirements on financial professionals providing retirement investment advice faces doubtful prospects because of court challenges and the change in presidential administration.

January 10, 2025

IRS issues proposed regs. on catch-up contributions

The proposed regulations apply to catch-up contributions under a 401(k) or similar workplace retirement plan that generally are allowed for workers who have attained age 50.

December 9, 2024

Growth in client advisory services set to continue rapid increase

Firms in CPA.com’s CAS Benchmark Survey report a significant increase in median revenue and project an increase of nearly 100% over the next three years.

December 1, 2024

3 ways to balance saving for education and retirement

Worried parents can obtain peace of mind with a
realistic strategy.

December 1, 2024

Using behavioral science in a financial planning practice

By understanding psychological influences on decision-making, CPAs can work with clients more effectively and improve how they operate their practice.

November 25, 2024

Answering common questions about HSAs and Medicare enrollment

Clients often get confused about how enrollment in Medicare affects their eligibility to contribute to a health savings account and what to do if they erroneously made HSA contributions after their eligibility ceased.

November 12, 2024

Financial planners and caregiving: Helping clients manage the challenges

Planning for caregiving involves immediate and future financial implications along with tax considerations and documentation. Preparing for eventual life needs provides clients and their caregivers emotional support along with clear direction about the financial possibilities.

November 7, 2024

Driving better savings discipline and loving the work you do

An author and speaker on the topic of retirement plans – saving for them, designing them, auditing them – has a message that goes beyond the theme of saving. Listen to the podcast episode or read the Q&A.

November 1, 2024

Inflation adjustments to retirement account limits issued for 2024

The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Friday, including maximum contribution amounts for 401(k) plans and traditional and Roth IRAs.

September 23, 2024

Using behavioral science in a financial-planning practice

By understanding psychological influences on decision-making, CPA financial planners can work with clients more effectively and improve how they operate their practice.

September 20, 2024

Clarification proposed for CPAs’ financial statement preparation engagements

An AICPA committee approved a proposed revision to Statement on Standards for Accounting and Review Services (SSARS) No. 21 addressing the applicability of the standard when preparing financial statements as a part of consulting services.

August 29, 2024

FinCEN final rule lessens impact on small registered investment advisers

Treasury’s Financial Crimes Enforcement Network estimates the rule will require about 200 previously unaffected small RIAs to participate in FinCEN’s anti-money-laundering and terrorism programs. The number of affected RIAs is lower than the proposed rule’s estimate.

August 13, 2024