Retirement planning

TOPICS / PERSONAL FINANCIAL PLANNING

October 1, 2020

Time to consider a Roth conversion

A qualified rollover contribution to a Roth IRA or an in-plan rollover to a designated Roth account, known as a Roth conversion, can be attractive for CPA advisers’ clients because it provides a higher net present value of cash flow from their retirement savings, benefiting themselves or their beneficiaries.

September 1, 2020

One CPA financial planner’s approach to retirement

Mackey McNeill, CPA/PFS, founder of Mackey Advisors, based in Bellevue, Ky., developed a process for encouraging clients to discuss the nonfinancial aspects of retirement.

September 1, 2020

Talk about more than money when readying clients for retirement

Discussing the nonfinancial side of retirement with clients gives them a better idea of what to expect and gives CPA financial planners insight into how much they might spend.

August 3, 2020

How to help a client retiring abroad think about taxes

This article discusses how CPAs can help their clients navigate the tax and financial planning complications of retiring overseas.

July 1, 2020

The SECURE Act’s changes

Practitioners can advise on the most sweeping retirement reforms since 2006.

June 8, 2020

Why Roth conversions still make sense after the SECURE Act

Changes brought on by the SECURE act have added new wrinkles to the planning process that must be considered by IRA owners and CPA financial planners.

March 10, 2020

Calming clients’ fears during the coronavirus outbreak

How can CPAs deal with client anxieties during a time of uncertainty? The best steps include preparing them for unexpected events before they happen and acknowledging their concerns.

February 18, 2020

CPAs need to watch these health care pricing rules

New rules are designed to make health care pricing more transparent, and CPA financial planners could use that information to help clients make more informed decisions.

January 21, 2020

The financial and human cost of loneliness in retirement

Isolation and loneliness can have serious emotional, social, and financial consequences, and can contribute to declines in clients’ physical and mental health and quality of life.

January 1, 2020

Proceeding into retirement

CPAs describe how they made a successful transition at the end of their careers.

November 6, 2019

Retirement plan contribution limits increase for 2020

Annual contribution limits for 401(k) plans will increase from $19,000 in 2019 to $19,500 in 2020, and most other limits are increasing as well.

August 12, 2019

How CPAs can help family businesses with succession planning

Jonathan Flack, CPA, discusses why leaders of family businesses have such a difficult time with succession planning and what CPAs can do to help them.

July 8, 2019

The father of the 401(k) on how his invention has reshaped retirement

Ted Benna talks about how and why he came up with the 401(k), its advantages and drawbacks, how he’d change it if given the chance, and how it’s reshaped retirement.

June 17, 2019

Prepare clients for a sudden elder health care crisis

This article discusses the challenges your clients could face when suddenly needing to move a parent to long-term care, along with ways you can help them prepare.

May 1, 2019

How the ‘sandwich generation’ affects retirement

CPAs can help clients who are trying to save money while also dealing with shifting family demographics.

February 14, 2019

Clients’ top retirement fear: Running out of money

Nearly one-third (30%) of financial planners say their clients’ top retirement fear is running out of money, according to a recent AICPA survey of 631 CPA financial planners.

January 22, 2019

Don’t miss the new Medicare Advantage enrollment period

It can be helpful for CPA financial planners to reach out to clients to be sure they know about the opportunity to review their coverage and make recommended changes.

November 28, 2018

Which benefits do employees find most financially beneficial?

Eighty percent of Americans would choose a job with benefits over one with no benefits that paid 30% more, according to a Harris Poll survey on behalf of the AICPA.

November 12, 2018

Help clients save money on prescription drugs

CPAs are well-equipped to help clients understand the intricacies of Medicare Part D.

October 15, 2018

The Medicare Part D coverage gap is ending

CPAs may want to revisit their clients’ Medicare elections, particularly now that Part D changes are on the horizon.

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