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.
Personal Financial Planning
How to guard client finances against dementia
Cognitive impairment adds a difficult layer of complexity to a client’s financial plans. Here are steps CPAs can take to protect clients with dementia against fraud.
Proceeding into retirement
CPAs describe how they made a successful transition at the end of their careers.
Qualified opportunity zone regs. finalized
The IRS issued final regulations providing guidance on tax-favored investments in qualified opportunity zones (QOZs).
Government report finds deficiencies in most US hospices
Advise clients to do their research before choosing hospice care.
Helping clients after they are divorced
CPAs should review several key financial planning steps with newly single clients.
Keep clients coming to you with PFP services
A tax practice can weather demographic and technological changes by expanding its reach in financial planning. Tax knowledge gives CPAs an advantage when it comes to financial planning because almost every aspect of financial planning involves tax.
5 steps to a successful sale
Fentress Seagroves, deals partner for the U.S. with PwC, outlines the steps business owners can take to ensure a successful transition and discusses the many ways CPAs can support them during this process.
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.
Planning for Medicare taxes, premiums, and surcharges
Don’t neglect these basic health care considerations in clients’ retirement planning.
Financial satisfaction stays high, but economic concerns remain
Despite fears about the economy, Americans’ personal financial satisfaction stayed high in the third quarter of 2019, according to the PFSi, a proprietary economic indicator calculated quarterly by the AICPA.
Website helps CPAs and clients plan for life and beyond
A monthly look at applications, gadgets, and other technology that can improve a CPA’s job and life. This month: Everplans.com.
Great time for a GRAT
Grantor retained annuity trusts may be an optimal wealth-transfer vehicle for many.
Standing Ovation program recognizes CPAs for contributions to PFP
Seven CPAs under the age of 40 were recognized under the Standing Ovation program for their contributions to personal financial planning.
Ward receives P. Thomas Austin PFP Scholarship
Richard L. Ward, president of Capital Configuration LLC in Pittsburgh, received the 2019 P. Thomas Austin Personal Financial Planning (PFP) Scholarship.
Tillery receives PFP Distinguished Service Award
Susan Tillery, president and co-founder of Paraklete Financial Inc., received the AICPA’s 2019 Personal Financial Planning (PFP) Distinguished Service Award.
Kessler honored for lifetime achievement in PFP
Stuart Kessler, who was tax director for CohnReznick in New York City, received the Stanley H. Breitbard Lifetime Achievement in Personal Financial Planning Award.
Children’s average allowance in 2019: $120 a month
An overwhelming 92% of American parents say it is very important that children understand how to effectively manage their money, according to a new poll conducted for the AICPA by The Harris Poll.
IRS issues 2019 to 2020 per-diem rates for traveling away from home
The IRS issued its annual notice specifying the special per-diem rates, including the transportation industry meal and incidental expenses rates, the rate for the incidental-expenses-only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method.
Auditors get high marks, but non-US market optimism sags
Retail investors’ confidence in audited financial information has risen to near record highs, but confidence in markets outside the United States has plunged.
