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Personal financial planning
Transfer taxes: 5 questions to ask clients with international ties
Planning to lessen estate, gift, and generation-skipping transfer taxes increasingly requires considering clients’ foreign connections.
68% of Americans with student loans are unhappy with how they financed college
If they had to do it all over again, the majority of Americans would have paid for college differently, a new AICPA survey finds.
51% of Americans are putting off major life events for financial reasons
More than half of the 1,010 U.S. adults surveyed said they had put off important life goals such as buying a home, retiring, or pursuing higher education.
Emotional harm of elder financial abuse outweighs its financial damage
More than one-third (37%) of CPA financial planners said that elder financial abuse caused “substantial” emotional harm to clients, according to the new AICPA PFP Trends Survey.
Proposed rules for ABLE accounts for the disabled are issued
Proposed regulations under Sec. 529A were issued providing guidance on ABLE accounts, special tax-favored accounts designed to help disabled individuals and their families save for and pay disability related expenses.
Americans’ financial condition on the rise
Falling oil prices and lower taxes are decreasing stress on personal budgets.
Treasury provides information and online sign-up for new myRA accounts
The Treasury Department began providing information about myRA retirement savings accounts for individuals and employers and an electronic application.
Americans fear running out of money in retirement
Health care costs are contributing to concerns.
SEC proposes new reporting requirements for investment companies and advisers
Rules proposed by the SEC are designed to improve the reporting and disclosure of information by investment companies and investment advisers.
Updated FAQs now available for AICPA PFP standard
New additions to a Frequently Asked Questions (FAQ) resource can help practitioners who practice in the areas of estate, retirement, risk management, and investment planning to comply with Statement on Standards in Personal Financial Planning Services No. 1.
68% of Americans are unhappy with the way they financed college
More than one-third of Millennials wish they had delayed going to school in order to save more money first.
As cyberbreaches rise, consumers alter spending, browsing habits
The percentage of Americans who have fallen prey to an information security breach has risen to 25% from 11% the previous year, a new AICPA survey found.
Americans’ financial happiness on the rise
Americans’ financial well-being improved this quarter, as indicated by a 6.5-point rise in the AICPA’s Personal Financial Satisfaction Index (PFSi).
Goodman earns award for PFP service
Michael Goodman, CPA/PFS, founder of Wealthstream Advisors Inc., received the 2014 Personal Financial Planning Distinguished Service Award.
How do Americans define personal financial prosperity?
Although homeownership often is depicted as the American Dream, a new AICPA survey shows that being able to afford a comfortable retirement is considered the best sign of financial success.
Americans fear running out of money in retirement
More than half of CPA financial planners say their clients’ biggest concern about retirement planning is running out of money, according to a new AICPA survey.
Other people’s money
Seemingly disparate services such as investment advisory, bill-paying, and estate planning all have a common denominator: the CPA’s involvement with other people’s money.
Financial planning
A decrease in loan delinquencies, coupled with an increase in job openings, has boosted Americans’ satisfaction with their finances, a new AICPA economic index revealed.
IRS fills in details of one-a-year IRA rollover rule
Under transition relief, the Bobrow aggregation rule disregards certain distributions occurring in 2014.
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