AICPA Personal Financial Planning (PFP)
Episodes
Slott and Keebler on what to watch out for with SECURE 2.0 {PFP Section}
20 Jan 2023
Contributed by Lukas
A lot of information is flying around on the importance of SECURE 2.0 and what this means for retirement planning. Get the bottom line of what you nee...
Understanding the human side of life transitions {PFP Section}
13 Jan 2023
Contributed by Lukas
As CPAs and financial planners, we are trained in the technical skills to help clients plan for transitions such as a business sale, retirement, divor...
How SECURE 2.0 impacts clients we see in our practices {PFP Section}
06 Jan 2023
Contributed by Lukas
Focusing on what you need to know to serve your clients today, Bob Keebler CPA/PFS reviews the changes and their nuances as a result of the passage of...
How to guide clients towards their preferred futures {PFP Section}
06 Jan 2023
Contributed by Lukas
Haesun Moon, Ph.D., is a communication scientist who has a mission to change the world through better conversations. She has created a simple coaching...
Happy 2023 from the PFP EC and PFS CC chairs! {PFP Section}
03 Jan 2023
Contributed by Lukas
PFP Executive Committee (EC) chair, Brooke Salvini, CPA/PFS, and PFS Credential Committee (CC) chair, Oscar Vives, kick off the new year in this episo...
Deeper CPA financial planner connections with Brooke Salvini {PFP Section}
30 Dec 2022
Contributed by Lukas
Brooke Salvini, CPA/PFS, started out in the CPA profession in the traditional way and eventually made her way back to an early seed that planted her d...
Tax planning for bonds {PFP Section}
23 Dec 2022
Contributed by Lukas
Rising interest rates may cause bond values to go down and it may be the time to make changes to bond portfolios. Bob Keebler CPA/PFS and Mark Ficht...
A business owner's journey to time, mind, and money freedom: Part 2 {PFP Section}
16 Dec 2022
Contributed by Lukas
Mackey McNeil, CPA, PFS, shares how she took back her time in this episode of the PFP Section podcast. Guest: Mackey McNeill, CPA/PFS Do you long fo...
A business owner's journey to time, mind, and money freedom: Part 1{PFP Section}
09 Dec 2022
Contributed by Lukas
For the last 20 years, Mackey McNeill, CPA/PFS, has been working on building and delivering Prosper for Business. This life changing system has facili...
Year-end charitable giving ideas {PFP Section}
02 Dec 2022
Contributed by Lukas
Holiday season is a great time of year to discuss philanthropic intent with your clients. This brings together the year-end planning opportunity to ma...
Using SLATs and other techniques for estate planning now {PFP Section}
29 Nov 2022
Contributed by Lukas
Clients have three years left to use the enhanced unified credit before it gets cut in half. Putting holistic techniques in place that consider tax, f...
Deeper CPA financial planner connections with Mark Astrinos {PFP Section}
25 Nov 2022
Contributed by Lukas
Mark Astrinos, CPA/PFS, has made some bold and scary moves in his career to land where he is now with his own financial planning firm. In this episode...
How to prudently give to charities around the world {PFP Section}
22 Nov 2022
Contributed by Lukas
Interest from US donors to be philanthropic to causes overseas is picking up steam. This is often happening without the knowledge that there are ways ...
Midterm election results and planning for your clients {PFP Section}
14 Nov 2022
Contributed by Lukas
As we look to the results of the midterm election, it appears that we will have a divided government in 2023-2024 and we will need to carefully consid...
Surviving spouse planning using QTIP trusts {PFP Section}
11 Nov 2022
Contributed by Lukas
QTIP trusts often allow the testator to have it all by having peace of mind that their surviving spouse will be cared for during their lifetime at the...
Harvesting losses without triggering a wash sale {PFP Section}
04 Nov 2022
Contributed by Lukas
2022 has been a volatile year in the stock market. Year-end planning will undoubtedly include tax-loss harvesting to offset capital gains for many cli...
Deeper CPA financial planner connections with Mackey McNeill {PFP Section}
28 Oct 2022
Contributed by Lukas
Mackey McNeill, CPA/PFS, has evolved from a business owner providing traditional accounting services to owning three companies to serve her business o...
Six key financial challenges for foreign citizens moving to the US {PFP Section}
21 Oct 2022
Contributed by Lukas
Andrew Fisher, CPA, CFA, has had a long-held passion for international travel, culture, and business. He has made it his career to weave this together...
Three common but underutilized features of 401k plans {PFP Section}
14 Oct 2022
Contributed by Lukas
401k plans offer sophisticated resources that your clients may not know about. These tools can supplement the advice that you offer so that your clien...
How to support clients with international and cross border questions {PFP Section}
07 Oct 2022
Contributed by Lukas
International and cross border financial implications are extremely complex. This is an area that likely requires speaking with other knowledgeable ad...
Helping clients through natural disasters {PFP Section}
03 Oct 2022
Contributed by Lukas
Experiencing hurricanes, fires, and other disasters is overwhelming. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews disa...
How IRAs can be used to help victims of a natural disaster {PFP Section}
03 Oct 2022
Contributed by Lukas
Hurricanes Ian and Fiona and Typhoon Merbok are the latest natural disasters in the US to leave many people in a state of emergency. In this episode o...
Deeper CPA financial planner connections with David Oransky {PFP Section}
30 Sep 2022
Contributed by Lukas
David Oransky, CPA/PFS, took the leap to start his own financial planning firm from scratch at the age of 26. He has come a long way and shares his st...
The best treatment for a spousal inherited IRA {PFP Section}
23 Sep 2022
Contributed by Lukas
Spouses receive the best deal when it comes to being an eligible designated beneficiary. There are three options for what can be done when a spouse in...
The impact of inflation on retirement planning {PFP Section}
16 Sep 2022
Contributed by Lukas
Many professionals haven't gone through a period of high inflation like we're experiencing now. In this episode of the PFP Section podcast, Bob Keeble...
Building business owner wealth with tax advantaged plans {PFP Section}
09 Sep 2022
Contributed by Lukas
Business owners can accumulate significant wealth by making use of a combination of defined benefit and defined contribution plans. In this PFP Sectio...
Planning for the surviving spouse: Part one {PFP Section}
02 Sep 2022
Contributed by Lukas
Too often estate planning is done without careful consideration for the surviving spouse. This can lead to unintended consequences that may be very da...
Deeper CPA financial planner connections with Lori Luck {PFP Section}
26 Aug 2022
Contributed by Lukas
As we have heard often in this podcast series, Lori Luck, CPA/PFS, didn't take a straight path to becoming a CPA financial planner. Though the knowled...
Using IRAs to fund charitable causes {PFP Section}
19 Aug 2022
Contributed by Lukas
Clients who have large IRAs and are charitably inclined may benefit from making a qualified charitable distribution (QCD) or naming a charity as the b...
Three common money mindsets that may be holding your clients back {PFP Section}
12 Aug 2022
Contributed by Lukas
There may be subconscious internal barriers to wealth that are getting in the way of the goals and lifestyle that your clients say they want most. In ...
The tax and legal aspects of trust situs {PFP Section}
05 Aug 2022
Contributed by Lukas
Where your clients choose to set up a trust can have significant tax and legal ramifications. There are nuances to consider whether you are involved i...
Deeper CPA financial planner connections with Howard Safer {PFP Section}
29 Jul 2022
Contributed by Lukas
Howard Safer, CPA/PFS, fell into financial planning when he worked for business owners who valued Howard's ability to respond to personal finance ques...
How to guide clients going through divorce {PFP Section}
22 Jul 2022
Contributed by Lukas
Divorce is often extremely difficult for all parties involved. In this episode of the PFP Section podcast, Dave Stolz, CPA/PFS, shares how to support ...
A primer on international and cross border planning {PFP Section}
15 Jul 2022
Contributed by Lukas
With 30 million individuals living in the US who were born abroad and 8.7 million Americans living overseas in 180 countries, there's a good chance yo...
Five questions to get clients to act on their estate planning {PFP Section}
08 Jul 2022
Contributed by Lukas
Estate planning is a hot topic with potential law changes on the horizon and sunset back to the pre Tax Cut & Jobs Act amounts in 2026. In this episod...
Talking to clients about market volatility {PFP Section}
01 Jul 2022
Contributed by Lukas
Even if you're not managing money for your clients, they likely look to you as their CPA to provide a sounding board and peace of mind when they see t...
Deeper CPA financial planner connections with Akemi Dalvi {PFP Section}
24 Jun 2022
Contributed by Lukas
Akemi Dalvi, CPA/PFS, began her career working in audit at PwC. She loved the idea of working more intimately with clients, so she took her dad's offe...
Using oil and gas investments to offset passive losses {PFP Section}
17 Jun 2022
Contributed by Lukas
If you have clients with large passive loss carryforwards and you're looking for ways to absorb these sooner rather than later, investing in oil and g...
How the newly proposed clawback regulations impact estate planning {PFP Section}
10 Jun 2022
Contributed by Lukas
On April 27, 2022, the IRS released proposed regulations that provide further guidance to the anti-clawback regulations released in 2019. In this PFP ...
How the new actuarial tables impact estate planning strategies {PFP Section}
03 Jun 2022
Contributed by Lukas
Newly proposed actuarial tables were released on May 5th to value annuities, life estates, remainders, and reversions. To guide you in how this impact...
Deeper CPA financial planner connections with Scott Sprinkle {PFP Section}
26 May 2022
Contributed by Lukas
Scott Sprinkle, CPA/PFS, learned early in his career that financial planning was his passion because of the difference it made for his clients. He pla...
Transitioning to retirement and the 4% rule {PFP Section}
20 May 2022
Contributed by Lukas
Retirement is one of life's most significant transitions because everything changes. Your career likely gives you connection to relationships, meaning...
Common investment mistakes {PFP Section}
13 May 2022
Contributed by Lukas
This time of uncertainty and market volatility may lead to an increase in clients making investment decisions that aren't in their best interest. In t...
Retiree funding of healthcare prior to age 65
06 May 2022
Contributed by Lukas
Figuring out health insurance for early retirees can be shrouded in confusion, frustration, and mystery. In this episode of the PFP Section podcast, K...
Traps to look out for when IRAs are payable to trusts {PFP Section}
04 May 2022
Contributed by Lukas
With the SECURE Act's 10-year payout rule, it becomes more important to understand how income flows from IRA to trust to beneficiary and the surprisin...
Deeper CPA financial planner connections with Ted Sarenski {PFP Section}
29 Apr 2022
Contributed by Lukas
Ted Sarenski is in a sweet spot of life where he is doing what he loves most at work and has reaped the benefits of the relationships and business he ...
Slott and Keebler on the complex new RMD rules {PFP Section}
27 Apr 2022
Contributed by Lukas
During tax season, the IRS released SECURE Act proposed regulations that came with some surprises and made calculating RMDs more complicated. In this ...
Using legacy letters to help clients articulate their wishes {PFP Section}
22 Apr 2022
Contributed by Lukas
The term legacy can come across as vague and intimidating. Often it is associated with assets left behind at death. In this episode of the PFP Section...
Cryptocurrency: Discover three ways to add value for your clients {PFP Section}
15 Apr 2022
Contributed by Lukas
Cryptocurrency has drawn attention in 2022 with super bowl ads, President Biden's executive order, and its role in the conflict between Russia and Ukr...
How SECURE 2.0 will impact retirement planning {PFP Section}
08 Apr 2022
Contributed by Lukas
HR 2954, also known as the Securing a Strong Retirement Act, passed the House on March 29th and is now waiting on a vote from the Senate. Bob Keebler,...
The power of the simplified charitable lead annuity trust (CLAT) {PFP Section}
01 Apr 2022
Contributed by Lukas
If you have clients who typically donate between 10k and 50k to charity each year, they may be ideal candidates for the reversionary grantor CLAT (aka...
The 2023 tax revenue proposals released by the Biden Administration {PFP Section}
29 Mar 2022
Contributed by Lukas
On March 28, 2022, the Biden Administration released their 2023 fiscal year budget. The suggested tax reforms give you a heads up on what may be comin...
Deeper CPA financial planner connections with Beth Gamel {PFP Section}
25 Mar 2022
Contributed by Lukas
Beth Gamel, CPA/PFS, has had many wonderful experiences over her 30+ year career as a CPA financial planner. Among other challenges, she was one of th...
How to choose between a donor advised fund and a private foundation {PFP Section}
21 Mar 2022
Contributed by Lukas
Making the philanthropic decision between a donor advised fund and a private foundation boils down to three main factors. In this episode of the PFP...
How Medicare enrollment impacts HSA contributions {PFP Section}
11 Mar 2022
Contributed by Lukas
It has long been a widely accepted rule of thumb to advise clients who want to work past the age of 65 to enroll in Medicare part A. This episode of...
The ins and outs of the new SECURE Act proposed regulations {PFP Section}
04 Mar 2022
Contributed by Lukas
The long-awaited SECURE Act proposed regulations related to post-mortem IRA distributions are finally here. Bob Keebler, CPA/PFS, walks through the la...
Deeper CPA financial planner connections with Jean-Luc Bourdon {PFP Section}
25 Feb 2022
Contributed by Lukas
Jean-Luc Bourdon, CPA/PFS has worn many hats in his career including accountant in corporate America, CPA tax professional, and owning his own wealth ...
The intersection of money and memory {PFP Section}
18 Feb 2022
Contributed by Lukas
Have you been faced with how to best support clients when you see that their money behavior has changed? With the prevalence of dementia and Alzheimer...
The case for making portability elections {PFP Section}
11 Feb 2022
Contributed by Lukas
If you have had clients pass away recently, you will want to talk with their surviving spouse about the option to file to receive the benefits of port...
Why it may now be easier for clients to retire prior to age 59 ½ {PFP Section}
04 Feb 2022
Contributed by Lukas
The timing of this new IRS notice 2022-6 is perfect in this phase when many are reprioritizing their lives and considering retiring early. Up until ...
Deeper CPA financial planner connections with Sue Stevens {PFP Section}
28 Jan 2022
Contributed by Lukas
Sue Stevens, CPA/PFS, has forged her own unique path to create her successful financial planning firm. She shares her journey and the wisdom she learn...
The benefits of using ABLE accounts {PFP Section}
21 Jan 2022
Contributed by Lukas
Make sure you are making the most of the benefits available for your clients or their family members who have disabilities by tuning in to this episod...
How to guide couples through their retirement quandaries {PFP Section}
14 Jan 2022
Contributed by Lukas
Emotion can trump logic at times when making decisions and guiding clients through this may be more complex when advising a couple who is contemplatin...
Discover how to get more out of your client's life insurance policy {PFP Section}
07 Jan 2022
Contributed by Lukas
If you have a client who is considering surrendering a life insurance policy or allowing it to lapse, it is important to first understand the value of...
Happy New Year: Looking Ahead to 2022! {PFP Section}
31 Dec 2021
Contributed by Lukas
Susan Tillery, CPA/PFS and Dave Stolz, CPA/PFS wish you a happy and prosperous New Year and share what is on their minds as they head into 2022 in thi...
Deeper CPA financial planner connections with Michael Goodman {PFP Section}
24 Dec 2021
Contributed by Lukas
Lyle Benson credits much of his career as a CPA financial planner to his interactions with colleagues across the country. He wanted CPAs in all stages...
Simulating the benefits of an unlimited Roth IRA with life insurance {PFP Section}
17 Dec 2021
Contributed by Lukas
Life insurance can be much more than a death benefit. If properly designed, funded, and managed, it can provide an incredible opportunity to grow and ...
How to have philanthropic conversations with your clients {PFP Section}
10 Dec 2021
Contributed by Lukas
You don't have to be an expert in all of the tools and technical strategies to have meaningful philanthropic conversations with your clients. It's abo...
Bringing together couples and their money {PFP Section}
03 Dec 2021
Contributed by Lukas
Getting couples to align their goals and priorities with their personal finances is often easier said than done. This is when the power skills in the ...
Life insurance: What happened to guaranteed universal life? {PFP Section}
26 Nov 2021
Contributed by Lukas
In the past, guaranteed universal life (GUL) was priced well and easy to understand. This permanent life insurance was attractive because the premiums...
Deeper CPA financial planner connections with Lyle Benson {PFP Section}
19 Nov 2021
Contributed by Lukas
In the first of this new podcast series, Lyle Benson, CPA/PFS, shares the purpose behind this series as well as his story that led him to where he is ...
Life insurance: Must know basics {PFP Section}
12 Nov 2021
Contributed by Lukas
In the first of this four-part life insurance series, expert Susan Bruno, CPA/PFS, gives a fantastic review of the basics. This episode of the PFP Sec...
Build Back Better Act: Where we are now {PFP Section}
10 Nov 2021
Contributed by Lukas
Recorded on November 8th, 2021, Bob Keebler, CPA/PFS, reports on the latest with the Build Back Better Act. In this episode of the PFP Section podcast...
Designing your business around your ideal client {PFP Section}
05 Nov 2021
Contributed by Lukas
The CPA profession has been busier than ever in the past two years with serving clients through the pandemic, responding to additional client needs, j...
What is a 'super HSA' and how does it work {PFP Section}
29 Oct 2021
Contributed by Lukas
Super HSAs allow families who have adult children who are no longer tax dependents to save beyond the annual family limit. This technique works for ch...
The future of Social Security {PFP Section}
22 Oct 2021
Contributed by Lukas
The good news is that the 2022 Social Security (SS) COLA adjustment is 5.9%. The bad news is that the Board of Trustees issued their annual report on ...
Fiduciary income tax planning moves to make now {PFP Section}
15 Oct 2021
Contributed by Lukas
If current tax reform proposals become law, there will be many issues to be mindful of with planning for trusts. In this episode of the PFP Section po...
Year-end planning conversations to have now {PFP Section)
08 Oct 2021
Contributed by Lukas
With a lot of unknowns going into the last quarter of the year, top CPA financial planners have been gathering to share conversations that they're hav...
Income tax reform overview with Bob Keebler {PFP Section}
06 Oct 2021
Contributed by Lukas
The House Ways & Means Committee recently released its proposed 2021 tax reform legislation. In this episode of the PFP Section podcast, Bob Keebler, ...
What you need to know about the proposed MEGA IRA rules {PFP Section}
01 Oct 2021
Contributed by Lukas
If you have clients with more than 10 million in their traditional IRAs, Roth IRAs, and vested defined contribution plans, they may have to take distr...
The use or lose it situation with the estate exemption {PFP Section}
30 Sep 2021
Contributed by Lukas
The latest proposals suggest that the estate tax exemption may revert back to pre-TCJA levels in January, 2022. In order not to lose the estate tax ex...
The case for making Roth conversions before year-end {PFP Section}
24 Sep 2021
Contributed by Lukas
If you have been contemplating a Roth conversion for yourself or for your clients, you will want to tune in to this PFP Section podcast episode to hea...
How the latest tax proposals will impact clients {PFP Section}
17 Sep 2021
Contributed by Lukas
On September 13th, the House Ways & Means Committee released long anticipated draft legislation which could lead to major tax changes effective Januar...
Guiding clients with diminishing mental capacity: Summary {PFP Section}
10 Sep 2021
Contributed by Lukas
CPA financial planners are often in a position to be the first to recognize declining cognitive function in a client. Reina Schlager, CPA/PFS, takes y...
Why the spousal lifetime access trust is the go-to planning strategy {PFP Section}
02 Sep 2021
Contributed by Lukas
It's anyone's guess what will happen with tax laws given all the proposals floating around. If you have clients concerned about losing the estate excl...
Guiding clients with diminishing mental capacity: Residential choices {PFP Section}
27 Aug 2021
Contributed by Lukas
When you determine that your client needs a plan for transition of care, you will discover that there are endless options. In part 5 of this PFP Sec...
Helping clients overcome common investor mistakes {PFP Section}
20 Aug 2021
Contributed by Lukas
Investment decisions are often made based on unconscious biases and motivations. When we help our clients understand the why behind their money, they ...
Guiding clients with diminishing mental capacity: Planning while well {PFP Section}
13 Aug 2021
Contributed by Lukas
Putting a plan in place prior to recognizing dementia in your clients is ideal. In part 4 of this PFP Section podcast series, Reina Schlager, CPA/PF...
Guiding clients with diminishing mental capacity: Ten warning signs {PFP Section}
06 Aug 2021
Contributed by Lukas
CPA financial planners may be the first to recognize dementia in their client and this can go a long way towards protecting the client's assets and en...
Unique and under-communicated HSA benefits {PFP Section}
30 Jul 2021
Contributed by Lukas
As health savings accounts (HSA) are triple tax free (contribution, growth, qualified withdrawals), these accounts, their uses and balances continue t...
The impact of the Van Hollen bill on current estate administration {PFP Section}
23 Jul 2021
Contributed by Lukas
One of the potential tax changes widely discussed is the replacement of the IRC Section 1014 basis adjustment with gain realization at gift, death, an...
Preventing and responding to elder financial exploitation {PFP Section}
16 Jul 2021
Contributed by Lukas
Billions of dollars are lost each year due to fraudulent acts against older Americans. In this episode of the PFP Section podcast, Erin Scheithe with ...
How emotions affect financial decisions {PFP Section}
09 Jul 2021
Contributed by Lukas
Neuroscience aficionado and financial planner Christine Moriarty has made it her life's mission to connect psychology to financial planning. In this e...
Middlescence: New age. New stage. Midlife redefined. {PFP Section}
02 Jul 2021
Contributed by Lukas
People are going through a reckoning of how they want to operate in the world. How can you make your life the well lived life that you want and do the...
The pros and cons of ESG investing {PFP Section}
25 Jun 2021
Contributed by Lukas
There is a large divide between the believers and the skeptics of environment, social, and governance (ESG) investing. In this episode of the PFP Sect...
The unexpected state tax consequences of employees who work from home {PFP Section}
18 Jun 2021
Contributed by Lukas
States have ramped up their methods for generating revenue in recent years and the pandemic has added more complexity with many employees working from...
How the President's Green Book will impact your clients {PFP Section}
11 Jun 2021
Contributed by Lukas
On May 28, 2021, the Biden Administration released its "Green Book" for the federal government's 2022 fiscal year. Tune in as Jonathan Blattmachr, Bob...
Helping clients evaluate their housing options in retirement {PFP Section}
04 Jun 2021
Contributed by Lukas
Where we call home became even more important over the last year. In this episode of the PFP Section podcast, Brad Breeding, continuing care retiremen...
Guiding your clients who are financial caregivers {PFP Section}
28 May 2021
Contributed by Lukas
There are 40.4 million unpaid caregivers for adults age 65 and older in the US. Many don't have professional training which can lead to elder financia...
Part 6: The new approach to retirement planning: Voice of the client {PFP Section}
21 May 2021
Contributed by Lukas
Learn the retirement planning 7-step process that is highly effective for all of Mackey McNeill's clients even though they have very different persona...