Personal financial planning news and resources

TOPICS

September 8, 2022

Student loan forgiveness: Advice from a CPA financial planner

Brianne C. Smith, a member of the AICPA Personal Finance Planning Executive Committee, discusses how she’s going beyond the headlines to help her clients maximize their savings.

September 1, 2022

Help clients make 3 critical shifts in retirement

Retirees need to learn to look differently at spending, taxes, and powers of attorney.

August 23, 2022

Investing and inflation: Not mutually exclusive

Although investing in times of high inflation can be tricky, tried-and-true principles of having a well-diversified portfolio and not panicking still hold.

August 2, 2022

3 strategic uses for Roth IRAs beyond retirement

A Roth IRA can serve as a backup vehicle for pursuing multiple savings goals.

August 1, 2022

Susan M. Tillery, CPA/PFS

Susan M. Tillery, CPA/PFS, is president and co-founder of Paraklete Financial Inc. and co-owner of Financial Planning Advocate LLC, both in Kennesaw, Ga.

July 12, 2022

How to advise clients buying vacation rental property

CPA financial planners can help vacation rental owners to maximize profit and peace of mind and minimize surprises.

June 2, 2022

Hiring family members in a small business

Employing children and other relatives in a family business can yield tax advantages, but there are potential drawbacks to consider.

May 12, 2022

Building a tax-efficient retirement income plan for clients

For retirees, effective tax planning requires taking a long view and spending down assets from a variety of sources each year.

May 1, 2022

Adopting a child: Tax planning considerations

Parents pursuing an adoption can use a CPA’s advice.

April 22, 2022

Help clients achieve flexible spending in retirement

Does the 4% rule still make sense? A CPA financial planner discusses how advisers can help ensure their clients can spend with flexibility throughout retirement.

April 19, 2022

ENGAGE emcee: Why inflation could cause retirement U-turns

Hear or read this conversation with a CBS News business analyst on top questions asked of financial planners and what role inflation and tax rates may play.

April 1, 2022

How CPA financial planning firms can move forward post-pandemic

Firms and clients are both reassessing their
priorities in the wake of the pandemic.

April 1, 2022

Helping retirement plan participants understand their net worth

Two easy mistakes seen in retirement planning involve valuation of pensions and improper net-worth comparisons.

March 31, 2022

The pros and cons of delaying Social Security

Make sure your decision about when to claim Social Security benefits is an informed one that takes into consideration your expected longevity along with various financial and other factors.

March 30, 2022

‘SECURE 2.0’ would further expand retirement savings options

Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.

March 23, 2022

Roth IRAs: Are they right for your client?

The choice between a Roth IRA and a traditional IRA in saving for retirement depends on the person’s age, tax bracket, expected future earnings and other factors.

March 3, 2022

How to keep Ukraine donations safe from fraudsters

Taking the time to research charities can help donors make certain that their donations are being used for the intended purpose.

March 1, 2022

How married couples can use trusts in estate planning

Married taxpayers have estate planning options others don’t.

December 1, 2021

Ask the expert: Gift planning

Karla Valas leads fundraising for Fidelity Charitable, the nation’s largest grantmaker. Her team helps CPAs to prioritize sophisticated planning conversations that incorporate charitable strategies.

November 1, 2021

When seniors are targeted in schemes

Practitioners need to understand elder fraud and what to do when they find it.

FROM THIS MONTH'S ISSUE

Tax-efficient drawdown strategies in retirement

Want to stretch retirement funds and avoid tax pitfalls? This article shares tips and models for smarter drawdown strategies that maximize after-tax wealth, manage Social Security and Medicare impacts, and minimize surprises. Also see: Tax season preview and quick guide.