If you believe it is a good idea to hold even a small amount of Bitcoin, the next step is to educate your clients and decide on the strategy that will have the best chance for success.  In this episode of the PFP Section podcast, David Oransky, CPA/PFS, shares how he approaches this with his clients. Mark Astrinos, CPA/PFS, poses the following questions to David:  How to you respond to criticism of Bitcoin from other advisors? What is your approach with clients to include Bitcoin in their portfolio? How do you explain that Bitcoin is money versus a traditional investment that produces cashflow? Why are retirees most at risk if Bitcoin is successful long term (and they haven’t allocated a portion of their portfolio to Bitcoin)? How do you assuage fears given the volatility of Bitcoin? Should advisors be worried about compliance regulation or lack thereof?  Where can listeners go to learn more?  For more resources related to this episode:  Tune in to the first episode and second episode in this series. Listen to David’s in-depth webcast on Bitcoin and access the related slides. Check out the various books to learn more that David mentions at the end of this episode.  This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

If you believe it is a good idea to hold even a small amount of Bitcoin, the next step is to educate your clients and decide on the strategy that will have the best chance for success.  In this episode of the PFP Section podcast, David Oransky, CPA/PFS, shares how he approaches this with his clients. Mark Astrinos, CPA/PFS, poses the following questions to David: <ol> <li>How to you respond to criticism of Bitcoin from other advisors?</li> <li>What is your approach with clients to include Bitcoin in their portfolio?</li> <li>How do you explain that Bitcoin is money versus a traditional investment that produces cashflow?</li> <li>Why are retirees most at risk if Bitcoin is successful long term (and they haven’t allocated a portion of their portfolio to Bitcoin)?</li> <li>How do you assuage fears given the volatility of Bitcoin?</li> <li>Should advisors be worried about compliance regulation or lack thereof? </li> <li>Where can listeners go to learn more?</li> </ol> For more resources related to this episode: <ul> <li>Tune in to the <a href="https://www.aicpa-cima.com/resources/podcast/why-you-need-to-take-bitcoin-seriously-part-1" rel="noopener nofollow" target="_blank">first episode</a> and <a href="https://www.aicpa-cima.com/resources/podcast/why-you-need-to-take-bitcoin-seriously-part-2" rel="noopener nofollow" target="_blank">second episode</a> in this series.</li> <li>Listen to David’s <a href="https://www.aicpa-cima.com/resources/video/understanding-bitcoin" rel="noopener nofollow" target="_blank">in-depth webcast on Bitcoin and access the related slides</a>.</li> <li>Check out the various books to learn more that David mentions at the end of this episode.</li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Why you need to take Bitcoin seriously - part 3 {PFP Section}

 If you have clients who are contemplating Roth conversions who may also want to take advantage of clean vehicle credits and ACA premium credits, make sure to run the numbers so that you minimize their tax bill. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Martin James, CPA/PFS, so that you can learn more about these scenarios. They discuss:  ·        How the clean vehicle energy and ACA premium credits work  ·        How you can save your clients from missing out on thousands of dollars in clean energy vehicle credits  ·        What to think about with early retirees who want to pay the least amount of insurance premiums before Medicare kicks in  Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit https://pfplanning.libsyn.com/pfp  to access show notes with direct links.   ·        The Adviser’s Guide to Financial &amp; Estate Planning  ·        The Proactive Planning Toolkit  This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.     Subscribe to the PFP Podcast channel at  Libsyn  to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

If you have clients who are contemplating Roth conversions who may also want to take advantage of clean vehicle credits and ACA premium credits, make sure to run the numbers so that you minimize their tax bill. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Martin James, CPA/PFS, so that you can learn more about these scenarios. They discuss: ·        How the clean vehicle energy and ACA premium credits work ·        How you can save your clients from missing out on thousands of dollars in clean energy vehicle credits ·        What to think about with early retirees who want to pay the least amount of insurance premiums before Medicare kicks in Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="nofollow" target="_blank">https://pfplanning.libsyn.com/pfp</a> to access show notes with direct links. ·        <a href="https://www.aicpa-cima.com/category/resources/personal-financial-planning?perPage=48&amp;subtopic=estate-planning&amp;type=guide" rel="nofollow" target="_blank">The Adviser’s Guide to Financial &amp; Estate Planning</a> ·        <a href="https://www.aicpa-cima.com/resources/toolkit/pfp-proactive-planning-toolkit" rel="nofollow" target="_blank">The Proactive Planning Toolkit</a> This episode is brought to you by the <a href="https://future.aicpa.org/topic/financial-planning" rel="noopener nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="noopener nofollow" target="_blank">CPA/PFS credential</a> program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="noopener nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa.org/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="nofollow" target="_blank"> Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Nuances to be aware of with Roth conversion planning {PFP Section}

Ellen Bruno

Ellen Bruno is a CPA/PFS who has taken a career path that puts her in the seat of serving financial planners who are registered investment advisers. Her experience has always tied closely to money management beginning with her first role out of university with PwC. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, guides Ellen to share how she created her remote firm with 11 employees and words of wisdom about compliance in the RIA world. Ellen answers the following questions:  What made you take the leap of faith to begin your own firm 18 years ago? How have you been successful running a business with 11 employees that is 100% remote? What advice do you have for CPAs contemplating providing investment advisory services and intimated by the compliance area? What should CPAs watch out for who are shifting from traditional practice to becoming an RIA? How do you guide CPA RIAs who are fearful of having an SEC audit? What do you see for the future of CPA financial planners in the RIA world?  Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.  Listen to other episodes in this series.  Be on the look out for the Building Your PFP Business workshop registration link coming to ENGAGE 2024.  If you are contemplating adding investment advisory services to your practice or if you want to make sure you’re not crossing the line and need to register, read the CPA’s Guide to Investment Advisory Business Models. Ellen consulted on the writing of this guide.   This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Ellen Bruno is a CPA/PFS who has taken a career path that puts her in the seat of serving financial planners who are registered investment advisers. Her experience has always tied closely to money management beginning with her first role out of university with PwC. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, guides Ellen to share how she created her remote firm with 11 employees and words of wisdom about compliance in the RIA world. Ellen answers the following questions: <ul> <li>What made you take the leap of faith to begin your own firm 18 years ago?</li> <li>How have you been successful running a business with 11 employees that is 100% remote?</li> <li>What advice do you have for CPAs contemplating providing investment advisory services and intimated by the compliance area?</li> <li>What should CPAs watch out for who are shifting from traditional practice to becoming an RIA?</li> <li>How do you guide CPA RIAs who are fearful of having an SEC audit?</li> <li>What do you see for the future of CPA financial planners in the RIA world?</li> </ul> Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn (PFP)</a> to access show notes with direct links. <ul> <li>Listen to <a href="https://www.aicpa.org/professional-insights/article/deeper-cpa-financial-planner-connections" rel="noopener nofollow" target="_blank">other episodes in this series</a>. </li> <li>Be on the look out for the <a href="https://www.aicpa-cimaengage.com/" rel="noopener nofollow" target="_blank">Building Your PFP Business workshop</a> registration link coming to ENGAGE 2024. </li> <li>If you are contemplating adding investment advisory services to your practice or if you want to make sure you’re not crossing the line and need to register, read the <a href="https://www.aicpa-cima.com/resources/download/guide-to-investment-advisory-business-models" rel="noopener nofollow" target="_blank">CPA’s Guide to Investment Advisory Business Models</a>. Ellen consulted on the writing of this guide. </li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Deeper CPA financial planner connections with Ellen Bruno {PFP Section}

In part 2 of this series, you’ll learn about the history of money and how that relates to the likelihood of Bitcoin becoming the future of money. In this episode of the PFP Section podcast, David Oransky, CPA/PFS, shares his knowledge based on his deep dive into understanding Bitcoin. Mark Astrinos, CPA/PFS, poses the following questions to David:  What is the history of money? Compare and contrast Gold and Bitcoin. What gives Bitcoin its value and what makes it the perfect money? What will it take to get people to take Bitcoin seriously? How do we assuage concerns of not being centralized or regulated?  How does Bitcoin benefit humanity?  For more resources related to this episode:  Tune in to the first episode in this series.  Listen to David’s in-depth webcast on Bitcoin and access the related slides.  This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

In part 2 of this series, you’ll learn about the history of money and how that relates to the likelihood of Bitcoin becoming the future of money. In this episode of the PFP Section podcast, David Oransky, CPA/PFS, shares his knowledge based on his deep dive into understanding Bitcoin. Mark Astrinos, CPA/PFS, poses the following questions to David: <ol> <li>What is the history of money?</li> <li>Compare and contrast Gold and Bitcoin.</li> <li>What gives Bitcoin its value and what makes it the perfect money?</li> <li>What will it take to get people to take Bitcoin seriously?</li> <li>How do we assuage concerns of not being centralized or regulated? </li> <li>How does Bitcoin benefit humanity?</li> </ol> For more resources related to this episode: <ul> <li>Tune in to the <a href="https://pfplanning.libsyn.com/pfp/why-you-need-to-take-bitcoin-seriously-part-1-pfp-section" rel="noopener nofollow" target="_blank">first episode</a> in this series. </li> <li>Listen to David’s <a href="https://www.aicpa-cima.com/resources/video/understanding-bitcoin" rel="noopener nofollow" target="_blank">in-depth webcast on Bitcoin</a> and access the related slides.</li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Why you need to take Bitcoin seriously - Part 2 {PFP Section}

David Oransky, CPA/PFS, believes that if you don’t allocate a small allocation of your assets to Bitcoin as a hedge, you may be exposing yourself and your clients to a significant risk. In this episode of the PFP Section podcast, Mark Astrinos, CPA/PFS, interviews David Oransky, CPA/PFS, to get his wisdom on what we should know about Bitcoin. David takes a conservative approach to planning, so he was skeptical at first and was not an early adopter. However, after a deep dive to learn more, he discovered that his preconceived notions didn’t pan out. David answers the following questions:  How do you explain what Bitcoin is to CPAs and other advisors? How do you talk to your clients in a way that they understand and what is their response? Tell us your journey that got you to the point of trusting Bitcoin. Why do CPA financial planners and other advisors need to care about this and pay attention now? What is the risk to waiting? Why do you think it’s important that your retiree clients have a small portion of their wealth allocated to Bitcoin? How does Bitcoin play into the larger issues we’re facing now like US and global debt at an all-time high, the banking crisis, inflation, and geopolitical concerns? How is Bitcoin different than other cryptocurrencies?  What is your prediction for the future of Bitcoin?  For more resources related to this episode, listen to David’s in-depth webcast on Bitcoin and access the related slides. This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

David Oransky, CPA/PFS, believes that if you don’t allocate a small allocation of your assets to Bitcoin as a hedge, you may be exposing yourself and your clients to a significant risk. In this episode of the PFP Section podcast, Mark Astrinos, CPA/PFS, interviews David Oransky, CPA/PFS, to get his wisdom on what we should know about Bitcoin. David takes a conservative approach to planning, so he was skeptical at first and was not an early adopter. However, after a deep dive to learn more, he discovered that his preconceived notions didn’t pan out. David answers the following questions: <ol> <li>How do you explain what Bitcoin is to CPAs and other advisors?</li> <li>How do you talk to your clients in a way that they understand and what is their response?</li> <li>Tell us your journey that got you to the point of trusting Bitcoin.</li> <li>Why do CPA financial planners and other advisors need to care about this and pay attention now? What is the risk to waiting?</li> <li>Why do you think it’s important that your retiree clients have a small portion of their wealth allocated to Bitcoin?</li> <li>How does Bitcoin play into the larger issues we’re facing now like US and global debt at an all-time high, the banking crisis, inflation, and geopolitical concerns?</li> <li>How is Bitcoin different than other cryptocurrencies? </li> <li>What is your prediction for the future of Bitcoin?</li> </ol> For more resources related to this episode, listen to David’s in-depth <a href="https://www.aicpa-cima.com/resources/video/understanding-bitcoin" rel="noopener nofollow" target="_blank">webcast on Bitcoin and access the related slides</a>. This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Why you need to take Bitcoin seriously - part 1 {PFP Section}

There has never been a better time to focus on tax planning services to give clients high value. Integrating this with financial planning and investment management is even better. In this episode of the PFP Section podcast, Andrea Millar, RLP®, CPA/PFS, interviews Debbie Taylor, CPA/PFS, JD, to get her take on how to deliver the services that will make the largest impact for clients while also giving you high satisfaction. They discuss:  What’s so important about identifying a target market/niche? How should advisors think about the services they offer and how to position these to clients? What are the downsides to not including investment management in your offerings? What are the services that should be delivered to pre-retirees? What are the “Five Tax Gotchas?”  Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.  Use the Guide to Financial &amp; Estate Planning to guide the advanced planning conversations with clients. Register for the August 1st webcast with Steve Siegel to get a head start on planning ahead of the sunset. Free CPE is included for PFP Section members.  Find resources to build your tax and financial planning advisory services.  This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

There has never been a better time to focus on tax planning services to give clients high value. Integrating this with financial planning and investment management is even better. In this episode of the PFP Section podcast, Andrea Millar, RLP®, CPA/PFS, interviews Debbie Taylor, CPA/PFS, JD, to get her take on how to deliver the services that will make the largest impact for clients while also giving you high satisfaction. They discuss: <ol> <li>What’s so important about identifying a target market/niche?</li> <li>How should advisors think about the services they offer and how to position these to clients?</li> <li>What are the downsides to not including investment management in your offerings?</li> <li>What are the services that should be delivered to pre-retirees?</li> <li>What are the “Five Tax Gotchas?”</li> </ol> Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn (PFP)</a> to access show notes with direct links. <ul> <li>Use the <a href="https://www.aicpa-cima.com/category/resources/personal-financial-planning?perPage=48&amp;subtopic=estate-planning&amp;type=guide" rel="noopener nofollow" target="_blank">Guide to Financial &amp; Estate Planning</a> to guide the advanced planning conversations with clients.</li> <li>Register for the <a href="https://www.aicpa-cima.com/cpe-learning/webcast/critical-income-estate-and-trust-planning-for-2023-and-beyond" rel="noopener nofollow" target="_blank">August 1st webcast</a> with Steve Siegel to get a head start on planning ahead of the sunset. Free CPE is included for PFP Section members. </li> <li>Find resources to <a href="https://www.aicpa-cima.com/resources/landing/build-your-tax-and-financial-planning-advisory-services" rel="noopener nofollow" target="_blank">build your tax and financial planning advisory services</a>.</li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Quantifying Advisor Value Part 2 {PFP Section}

Clark Blackman started out in tax, moved into financial planning, and eventually honed his expertise in investment advice. He was very likely the first CPA who had a client pay their fees based on assets under management rather than hourly or retainer fees. His experience in large CPA firms paved the way to finally open his own wealth management firm in 2006 where he now works alongside his wife and son. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, interviews Clark to learn more about his journey and nuggets of wisdom. Clark answers the following questions:  How did you create the successful wealth management firm you have today? Why do you believe the AUM model is the best for your clients? What makes CPAs so well qualified to provide these services? What is most rewarding about your work with clients and how do you structure your day to have as much time for clients as possible? How has volunteering for the AICPA PFP Division enhanced your life and what do you recommend to others who want to have a good volunteer experience? What does the future of the CPA financial planning profession hold and what should we be worried about down the road?  Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.  Listen to other episodes in this series.  Read the beautifully and simply written AICPA Statement on Standards in Personal Financial Planning Services. These standards came to life under Clark’s leadership as chair of the AICPA PFP Executive Committee. They lay out a framework for CPAs to provide financial planning advice in the highest professional manner.   This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Clark Blackman started out in tax, moved into financial planning, and eventually honed his expertise in investment advice. He was very likely the first CPA who had a client pay their fees based on assets under management rather than hourly or retainer fees. His experience in large CPA firms paved the way to finally open his own wealth management firm in 2006 where he now works alongside his wife and son. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, interviews Clark to learn more about his journey and nuggets of wisdom. Clark answers the following questions: <ul> <li>How did you create the successful wealth management firm you have today?</li> <li>Why do you believe the AUM model is the best for your clients?</li> <li>What makes CPAs so well qualified to provide these services?</li> <li>What is most rewarding about your work with clients and how do you structure your day to have as much time for clients as possible?</li> <li>How has volunteering for the AICPA PFP Division enhanced your life and what do you recommend to others who want to have a good volunteer experience?</li> <li>What does the future of the CPA financial planning profession hold and what should we be worried about down the road?</li> </ul> Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn (PFP)</a> to access show notes with direct links. <ul> <li><a href="https://www.aicpa.org/professional-insights/article/deeper-cpa-financial-planner-connections" rel="noopener nofollow" target="_blank">Listen</a> to other episodes in this series. </li> <li>Read the beautifully and simply written <a href="https://www.aicpa-cima.com/resources/download/statement-on-standards-in-personal-financial-planning-services" rel="noopener nofollow" target="_blank">AICPA Statement on Standards in Personal Financial Planning Services</a>. These standards came to life under Clark’s leadership as chair of the AICPA PFP Executive Committee. They lay out a framework for CPAs to provide financial planning advice in the highest professional manner. </li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Deeper CPA financial planner connections with Clark Blackman {PFP Section}

Services like tax compliance and investment management are becoming commoditized. In this episode of the PFP Section podcast, Andrea Millar, RLP®, CPA/PFS, interviews Debbie Taylor, CPA/PFS, JD, to get her take on how to deliver the services that will make the largest impact for clients. They discuss:  How do advisors add value beyond basic tax compliance and investment management? What is the breadth of services that clients expect?   Are those services actually being delivered?   What is the “client value ladder”? How can technology advancements help with adding value?  Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.  Use the AICPA’s Personal Finance Scorecard to broaden conversations with clients.  Read the Technology for a Tax and Financial Planning Services Business Guide.  Learn about the ratings of financial planning technology in the annual T3 survey results.  Review the technology possibilities in the Financial Advisor Tech Solutions Map.  This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Services like tax compliance and investment management are becoming commoditized. In this episode of the PFP Section podcast, Andrea Millar, RLP®, CPA/PFS, interviews Debbie Taylor, CPA/PFS, JD, to get her take on how to deliver the services that will make the largest impact for clients. They discuss: <ul> <li>How do advisors add value beyond basic tax compliance and investment management?</li> <li>What is the breadth of services that clients expect?  </li> <li>Are those services actually being delivered?  </li> <li>What is the “client value ladder”?</li> <li>How can technology advancements help with adding value?</li> </ul> Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn (PFP)</a> to access show notes with direct links. <ul> <li>Use the <a href="https://www.aicpa-cima.com/resources/download/aicpa-personal-finance-scorecard" rel="noopener nofollow" target="_blank">AICPA’s Personal Finance Scorecard</a> to broaden conversations with clients. </li> <li>Read the <a href="https://www.aicpa-cima.com/resources/download/technology-for-a-tax-and-financial-planning-services-business-guide" rel="noopener nofollow" target="_blank">Technology for a Tax and Financial Planning Services Business Guide</a>. </li> <li>Learn about the ratings of financial planning technology in the <a href="https://www.aicpa-cima.com/resources/download/tax-and-financial-planning-business-annual-software-survey-results" rel="noopener nofollow" target="_blank">annual T3 survey</a> results. </li> <li>Review the technology possibilities in the <a href="https://www.kitces.com/wp-content/uploads/2023/06/Advisor-FinTech-Landscape-June-05-2023.pdf" rel="noopener nofollow" target="_blank">Financial Advisor Tech Solutions Map</a>.</li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Quantifying Advisor Value Part 1 {PFP Section}

The decision to wait until 70 to collect Social Security compared with starting as soon as possible is not as straight forward as it may seem. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS interviews expert Ted Sarenski, CPA/PFS to gain more insight into how to guide clients forward. They discuss:  What are the factors that need to be considered when making this decision The straightforward scenarios and when things get more complex Weighing the importance of winning the Social Security game or enjoying a comfortable retirement  How do CPA financial planners’ approach recommendations to be consistent and give their clients the best advice   Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.  Read Ted’s Guide to Social Security Planning.  Hear Ted’s recent webcast on this topic.   This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

The decision to wait until 70 to collect Social Security compared with starting as soon as possible is not as straight forward as it may seem. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS interviews expert Ted Sarenski, CPA/PFS to gain more insight into how to guide clients forward. They discuss: <ul> <li>What are the factors that need to be considered when making this decision</li> <li>The straightforward scenarios and when things get more complex</li> <li>Weighing the importance of winning the Social Security game or enjoying a comfortable retirement </li> <li>How do CPA financial planners’ approach recommendations to be consistent and give their clients the best advice </li> </ul> Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn (PFP)</a> to access show notes with direct links. <ul> <li>Read Ted’s <a href="https://www.aicpa-cima.com/resources/download/guide-to-social-security-planning" rel="noopener nofollow" target="_blank">Guide to Social Security Planning</a>. </li> <li>Hear Ted’s <a href="https://www.aicpa-cima.com/resources/video/how-to-guide-clients-through-the-maze-of-social-security-decisions-or" rel="noopener nofollow" target="_blank">recent webcast</a> on this topic. </li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

When to begin collecting Social Security {PFP Section}

 SECURE 1.0 eliminated life expectancy distributions apart from eligible designated beneficiaries. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS provides a refresher of how the rules work and client examples to illustrate what needs to happen to maximize IRA wealth transfers. He shares:  What happens in 90% of cases How the 10-year works before and after the required beginning date How to manage the 10-year rule from a mathematical perspective when RMDs are required Why every client scenario needs to be customized  Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.  Guide to Financial &amp; Estate Planning Proactive Planning Toolkit  This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

SECURE 1.0 eliminated life expectancy distributions apart from eligible designated beneficiaries. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS provides a refresher of how the rules work and client examples to illustrate what needs to happen to maximize IRA wealth transfers. He shares: <ul> <li>What happens in 90% of cases</li> <li>How the 10-year works before and after the required beginning date</li> <li>How to manage the 10-year rule from a mathematical perspective when RMDs are required</li> <li>Why every client scenario needs to be customized</li> </ul> Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn (PFP)</a> to access show notes with direct links. <ul> <li><a href="https://www.aicpa-cima.com/category/resources/personal-financial-planning?perPage=48&amp;subtopic=estate-planning&amp;type=guide" rel="noopener nofollow" target="_blank">Guide to Financial &amp; Estate Planning</a></li> <li><a href="https://www.aicpa-cima.com/resources/toolkit/pfp-proactive-planning-toolkit" rel="noopener nofollow" target="_blank">Proactive Planning Toolkit</a></li> </ul> This episode is brought to you by the AICPA’s <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the <a href="https://www.aicpa-cima.com/membership/landing/credentials" rel="noopener nofollow" target="_blank">CPA/PFS credential program</a>, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us <a href="https://www.aicpa-cima.com/topic/personal-financial-planning" rel="noopener nofollow" target="_blank">online</a> to join our community, gain access to valuable member-only benefits or learn about our <a href="https://www.aicpa-cima.com/resources/landing/personal-financial-planning-certificates" rel="noopener nofollow" target="_blank">PFP certificate program</a>. Subscribe to the PFP Podcast channel at <a href="https://pfplanning.libsyn.com/pfp" rel="noopener nofollow" target="_blank">Libsyn</a> to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

How to maximize post-mortem IRA wealth transfers {PFP Section}

Welcome to the AICPA Personal Financial Planning Section podcast. Follow us to receive unlimited access to free podcasts from nationally known experts on topics such as retirement, estate, tax, investment planning, and more.Visit us online at aicpa-cima.com/pfp to join our community and gain access to valuable member-only benefits.

As just a do it yourself non-CPA personal investor managing my own investment assets in retirement, I’ve found these AICPA podcasts immensely valuable and interesting.  The episodes covering Roth conversion strategies and the coming SECURE act provisions have been particularly helpful.

Very helpful even for the non-CPA personal investor

The podcast is a good primer on the subject if you have not yet learned the basics.

Blockchain

Welcome to the AICPA Personal Financial Planning Section podcast. Follow us to receive unlimited access to free podcasts from nationally known experts on topics such as retirement, estate, tax, investment planning, and more. Visit us online at <a href="http://aicpa-cima.com/pfp" rel="nofollow" target="_blank">aicpa-cima.com/pfp</a> to join our community and gain access to valuable member-only benefits.

AICPA Personal Financial Planning (PFP)

Guests:  Bob Keebler, CPA/PFS and Dave Stolz, CPA/PFS Now is a time when many people are having anxiety about the current and future state of their investment portfolio. Those who have a good understanding of markets are confident that all will be well in the long term and will hold steady so they don’t miss the market surge. For particularly nervous clients, it is important to communicate how their cash and investment portfolio are protected in a doomsday scenario, reinforcing your value and reassuring your clients that you have their best interest at the forefront of all you do. In this episode, Bob Keebler, CPA/PFS, interviews Dave Stolz, CPA/PFS, about ideas to consider with your clients to protect their portfolio during a volatile market, including:  What are some effective ways to hold cash? How is your cash protected with FDIC insurance? What is SPIC insurance and how does it protect your investment accounts? How can you utilize T-bills in your portfolio? Should you consider gold and cryptocurrency? If you have a large tax liability, how do you keep your cash safe until the July 15 payment deadline?  Access the related resources from this podcast:  Podcast: Finding (and being) calm amid the chaos (www.aicpa.org/pfp/library) Resource hub (www.aicpa.org/pfp/covid19) for learning, articles, client-facing materials, and more related to planning amid COVID-19  The episode is brought to you by the AICPA’s Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guests:  Bob Keebler, CPA/PFS and Dave Stolz, CPA/PFS Now is a time when many people are having anxiety about the current and future state of their investment portfolio. Those who have a good understanding of markets are confident that all will be well in the long term and will hold steady so they don’t miss the market surge. For particularly nervous clients, it is important to communicate how their cash and investment portfolio are protected in a doomsday scenario, reinforcing your value and reassuring your clients that you have their best interest at the forefront of all you do. In this episode, Bob Keebler, CPA/PFS, interviews Dave Stolz, CPA/PFS, about ideas to consider with your clients to protect their portfolio during a volatile market, including: <ul> <li>What are some effective ways to hold cash?</li> <li>How is your cash protected with FDIC insurance?</li> <li>What is SPIC insurance and how does it protect your investment accounts?</li> <li>How can you utilize T-bills in your portfolio?</li> <li>Should you consider gold and cryptocurrency?</li> <li>If you have a large tax liability, how do you keep your cash safe until the July 15 payment deadline?</li> </ul> Access the related resources from this podcast: <ul> <li>Podcast: Finding (and being) calm amid the chaos (<a href="http://www.aicpa.org/pfp/library" rel="nofollow" target="_blank">www.aicpa.org/pfp/library</a>)</li> <li>Resource hub (<a href="https://www.aicpa.org/pfp/covid19" rel="nofollow" target="_blank">www.aicpa.org/pfp/covid19</a>) for learning, articles, client-facing materials, and more related to planning amid COVID-19</li> </ul> The episode is brought to you by the AICPA’s Personal Financial Planning Section (<a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a>), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (<a href="http://www.aicpa.org/pfs" rel="nofollow" target="_blank">www.aicpa.org/pfs</a>) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

How to bullet proof your investment portfolio {PFP Section}

Guest(s): Bob Keebler, CPA/PFS Category: Technical In this episode, Bob Keebler, CPA/PFS discusses the SECURE Act and retirement planning strategies, including Roth conversions. He answers the questions:  What are the relevant proposed provisions? Which clients would be impacted? What planning strategies and tactics will be effective? What is the advantage of Roth conversions under the proposed SECURE Act?  Access the related resources from this podcast:   Impact of Tax Reform on Planning Toolkit  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at  https://www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – you can hear our podcasts online anywhere via your web browser, no podcast app required. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest(s): Bob Keebler, CPA/PFS Category: Technical In this episode, Bob Keebler, CPA/PFS discusses the SECURE Act and retirement planning strategies, including Roth conversions. He answers the questions: <ul> <li>What are the relevant proposed provisions?</li> <li>Which clients would be impacted?</li> <li>What planning strategies and tactics will be effective?</li> <li>What is the advantage of Roth conversions under the proposed SECURE Act?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="nofollow" target="_blank"> Impact of Tax Reform on Planning Toolkit</a></li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> https://www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – you can hear our podcasts online anywhere via your web browser, no podcast app required. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Roth conversions and the proposed SECURE Act {PFP Section}

Guest: Matt Rosenberg, CPA/PFS Category: Technical In this episode, Matt Rosenberg, CPA/PFS discusses the impact of taxes on investment planning and answers the questions:  What are the major tax considerations practitioners should take into account when providing investment advice? When do capital gains need to be carefully considered? How do investment losses best serve a good tax plan? How important is asset location?  Is timing a major consideration with investment changes?  Access the related resources from this podcast:  Planning &amp; Tax Advisory Services hub at aicpa.org/growadvisoryservices  Investment planning certificate, part of the  PFP certificate program  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! And leave us a review so we can continue bringing valuable and relevant content to you.

Guest: Matt Rosenberg, CPA/PFS Category: Technical In this episode, Matt Rosenberg, CPA/PFS discusses the impact of taxes on investment planning and answers the questions: <ul> <li>What are the major tax considerations practitioners should take into account when providing investment advice?</li> <li>When do capital gains need to be carefully considered?</li> <li>How do investment losses best serve a good tax plan?</li> <li>How important is asset location? </li> <li>Is timing a major consideration with investment changes?</li> </ul> Access the related resources from this podcast: <ul> <li>Planning &amp; Tax Advisory Services hub at <a href="http://www.aicpa.org/growadvisoryservices" rel="nofollow" target="_blank">aicpa.org/growadvisoryservices</a></li> <li><a href="https://www.aicpastore.com/investment-planning-certificate-program/PRDOVR~PC-166600/PC-166600.jsp" rel="nofollow" target="_blank"> Investment planning certificate</a>, part of the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a></li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! And leave us a review so we can continue bringing valuable and relevant content to you.

Taxes and Investment Planning {PFP Section}

Guest(s): Bob Keebler, CPA/PFS &amp; Nick Passini, CPA Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS interviews Nick Passini, CPA about the reality of tax season and Section 199A qualified business income deduction. Find out:  What is the most surprising challenge of 199A during tax season? What questions are clients asking and how could you respond? When should a client get an opinion letter vs. making a disclosure? What real estate activities rise to the level of a trade or business? And more    Access the related resources from this podcast:   Impact of Tax Reform on Planning Toolkit AICPA Tax Reform Resource Center  Broadridge Advisor (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms. RSM article:  Comparing the final and proposed regulations under Section 199A  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes and Pod-o-matic! And leave us a review so we can continue bringing valuable and relevant content to you.

Guest(s): Bob Keebler, CPA/PFS &amp; Nick Passini, CPA Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS interviews Nick Passini, CPA about the reality of tax season and Section 199A qualified business income deduction. Find out: <ul> <li>What is the most surprising challenge of 199A during tax season?</li> <li>What questions are clients asking and how could you respond?</li> <li>When should a client get an opinion letter vs. making a disclosure?</li> <li>What real estate activities rise to the level of a trade or business?</li> <li>And more</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="nofollow" target="_blank"> Impact of Tax Reform on Planning Toolkit</a></li> <li><a href="https://www.aicpa.org/taxreform" rel="nofollow" target="_blank">AICPA Tax Reform Resource Center</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/practicecenter/forefieldadvisor.html" rel="nofollow" target="_blank"> Broadridge Advisor</a> (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.</li> <li>RSM article: <a href="https://rsmus.com/content/dam/mcgladrey/pdf_download/gr-nt-tax-all-0219-branded-chart-fo-20percent-deductionarticle.pdf" rel="nofollow" target="_blank"> Comparing the final and proposed regulations under Section 199A</a></li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> and <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-matic</a>! And leave us a review so we can continue bringing valuable and relevant content to you.

Tax reform: Section 199A & tax season {PFP Section}

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients:  What is the key issue with trusts under the SECURE Act? What is the “conduit trust disaster”? When is it useful to use conduit trusts? What are rules for beneficiaries and exception beneficiaries?  Access the related resources from this podcast:  H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  Don’t miss other  SECURE Act podcasts!  SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020)  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: <ul> <li>What is the key issue with trusts under the SECURE Act?</li> <li>What is the “conduit trust disaster”?</li> <li>When is it useful to use conduit trusts?</li> <li>What are rules for beneficiaries and exception beneficiaries?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.congress.gov/bill/116th-congress/house-bill/1994" rel="nofollow" target="_blank">H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="noopener nofollow" target="_blank">Impact of Tax Reform on Planning Toolkit</a>, including charts from Bob Keebler</li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> Don’t miss other <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/cpeandevents/learning-library/20191217-secure-act-practical-solutions.html" rel="nofollow" target="_blank"> SECURE Act podcasts</a>! <ul> <li>SECURE Act: Practical Solutions for your Clients (12/17/2019)</li> <li>Eligible Beneficiary Exception (1/10/2020)</li> <li>IRAs payable to trusts (1/17/2020)</li> <li>IRAs payable to conduit trusts (1/24/2020)</li> <li>Mathematics of estate planning for IRAs (1/31/2020)</li> <li>Estate Administration for IRAs and qualified plans (2/7/2020)</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

SECURE Act: IRAs payable to trusts {PFP Section}

Guest: Nadine Gordon Lee, CPA/PFS, CFP®, Managing Director, Metro NY Offices &amp; President, Colony Group Family Office Philanthropic planning is a unique opportunity for CPAs to help clients plan to use their wealth to support the public good. In this episode, Nadine Lee, CPA/PFS shares how you can help clients simplify and optimize gifting to charities by establishing donor advised funds.  What are the top five reasons to use a donor advised fund? What are the tax opportunities you need to know about? How can clients use a donor advised fund to make a donation of cash/marketable securities? What are the unique opportunities to make a qualified donation using complex assets?   Access the related resources from this podcast:  Personal Financial Planning for Executives and Entrepreneurs: The Path to Financial Peace of Mind  The Adviser’s Guide to Financial and Estate Planning  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify!. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Nadine Gordon Lee, CPA/PFS, CFP®, Managing Director, Metro NY Offices &amp; President, Colony Group Family Office Philanthropic planning is a unique opportunity for CPAs to help clients plan to use their wealth to support the public good. In this episode, Nadine Lee, CPA/PFS shares how you can help clients simplify and optimize gifting to charities by establishing donor advised funds. <ul> <li>What are the top five reasons to use a donor advised fund?</li> <li>What are the tax opportunities you need to know about?</li> <li>How can clients use a donor advised fund to make a donation of cash/marketable securities?</li> <li>What are the unique opportunities to make a qualified donation using complex assets?</li> </ul>  Access the related resources from this podcast: <ul> <li><a href="https://www.thecolonygroup.com/book-2/" rel="nofollow" target="_blank">Personal Financial Planning for Executives and Entrepreneurs: The Path to Financial Peace of Mind</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/estateplanning/guidetofinancialandestateplanning.html" rel="nofollow" target="_blank"> The Adviser’s Guide to Financial and Estate Planning</a></li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>!. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Privately-owned business + Donor advised fund = opportunity {PFP Section}

Guest: Bob Keebler, CPA/PFS Significant tax law changes are still hot topics in media and political landscapes, and your clients are still scratching their heads wondering what these changes mean for them. Now is the time for you to guide them in planning for their financial future. In this episode, Bob Keebler, CPA/PFS will discuss year-end planning strategies to help you advise your clients:  What education and gifting strategies are effective to leverage the advantages of 529 plans? What are the tax incentives for investing in qualified opportunity zones? Should your clients use the gift tax exemption before it sunsets by making large gifts before the end of 2025? Why you should start talking your clients about this now? How can you use trusts with state income tax planning strategies? What are the tax issues to consider?  Access the related resources from this podcast:  Don’t miss part 1 of this podcast! Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler  Useful Estate &amp; Decision Charts from Steve Oshins  The Adviser’s Guide to Financial &amp; Estate Planning Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Bob Keebler, CPA/PFS Significant tax law changes are still hot topics in media and political landscapes, and your clients are still scratching their heads wondering what these changes mean for them. Now is the time for you to guide them in planning for their financial future. In this episode, Bob Keebler, CPA/PFS will discuss year-end planning strategies to help you advise your clients: <ul> <li>What education and gifting strategies are effective to leverage the advantages of 529 plans?</li> <li>What are the tax incentives for investing in qualified opportunity zones?</li> <li>Should your clients use the gift tax exemption before it sunsets by making large gifts before the end of 2025? Why you should start talking your clients about this now?</li> <li>How can you use trusts with state income tax planning strategies?</li> <li>What are the tax issues to consider?</li> </ul> Access the related resources from this podcast: <ul> <li>Don’t miss part 1 of this podcast!</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="noopener nofollow" target="_blank">Impact of Tax Reform on Planning Toolkit</a>, including charts from Bob Keebler</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/estateplanning/estatetrustdecisioncharts.html" rel="nofollow" target="_blank"> Useful Estate &amp; Decision Charts</a> from Steve Oshins</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/estateplanning/guidetofinancialandestateplanning.html" rel="nofollow" target="_blank"> The Adviser’s Guide to Financial &amp; Estate Planning</a></li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Year-end tax and financial planning strategies: Part 2 {PFP Section}

Guest: Bob Keebler, CPA/PFS &amp; Bob Gordon Category: Technical In this episode, Bob Keebler, CPA/PFS interviews Bob Gordon of Twenty-First Securities Corporation about the planning strategies in an ultra-low interest rate environment. He answers the questions:  What are the unique investment opportunities when interest rates are very low? What special election can taxpayers make to reduce taxable income with bond premiums? What tax arbitrage opportunities exist when rates are low? What does it mean to have negative interest rates?  Access the related resources from this podcast:   Broadridge Advisor’s client alerts on market volatility (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Bob Keebler, CPA/PFS &amp; Bob Gordon Category: Technical In this episode, Bob Keebler, CPA/PFS interviews Bob Gordon of Twenty-First Securities Corporation about the planning strategies in an ultra-low interest rate environment. He answers the questions: <ul> <li>What are the unique investment opportunities when interest rates are very low?</li> <li>What special election can taxpayers make to reduce taxable income with bond premiums?</li> <li>What tax arbitrage opportunities exist when rates are low?</li> <li>What does it mean to have negative interest rates?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/practicecenter/forefieldadvisor.html" rel="nofollow" target="_blank"> Broadridge Advisor’s</a> client alerts on market volatility (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Tax & investment planning in an ultra-low interest rate environment {PFP Section}

Guests: Bob Keebler, CPA/PFS and Ed Slott General Electric is offering buyouts to about 100,000 pensioners and freezing the retiree payments for about 20,700 salaried pensioners, as part of the company's effort to shed debt as it faces pressure to improve its performance. In this podcast, Bob Keebler, CPA/PFS interviews Ed Slott to answer the questions:  What are the key factors that CPA financial planners should consider for their clients who are impacted by the GE pension buyout? How will the conversation differ for each employee? Which clients should consider taking the lump sum buyout? What are the tax issues to consider?  Access the related resources from this podcast:   The Adviser’s Guide to Retirement and Elder Planning Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guests: Bob Keebler, CPA/PFS and Ed Slott General Electric is offering buyouts to about 100,000 pensioners and freezing the retiree payments for about 20,700 salaried pensioners, as part of the company's effort to shed debt as it faces pressure to improve its performance. In this podcast, Bob Keebler, CPA/PFS interviews Ed Slott to answer the questions: <ul> <li>What are the key factors that CPA financial planners should consider for their clients who are impacted by the GE pension buyout?</li> <li>How will the conversation differ for each employee? Which clients should consider taking the lump sum buyout?</li> <li>What are the tax issues to consider?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/retirementplanning.html" rel="nofollow" target="_blank"> The Adviser’s Guide to Retirement and Elder Planning</a></li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Lessons from the GE pension buyout: when employers change the terms of retirement plans: {PFP Section}

Guest: Jimmy J. Williams, CPA/PFS The support, encouragement, and direction delivered through life coaching is an area where CPA financial planners can add tremendous value for clients by integrating it with the financial planning process. In this podcast, Jimmy J. Williams, CPA/PFS will share his life plan solution and answer the questions:  Why you should include a process that helps your clients see the bigger picture than just the numbers? What is the life plan solution? How can you implement it in your client engagements? What are the actionable steps you can take now to get the conversation and planning process started with your clients?    Access the related resources from this podcast:  AICPA’s Tax and Financial Planning Services hub Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program. Jimmy William’s Live a Life by Design website &amp; podcast  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Jimmy J. Williams, CPA/PFS The support, encouragement, and direction delivered through life coaching is an area where CPA financial planners can add tremendous value for clients by integrating it with the financial planning process. In this podcast, Jimmy J. Williams, CPA/PFS will share his life plan solution and answer the questions: <ul> <li>Why you should include a process that helps your clients see the bigger picture than just the numbers?</li> <li>What is the life plan solution? How can you implement it in your client engagements?</li> <li>What are the actionable steps you can take now to get the conversation and planning process started with your clients?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/growadvisoryservices" rel="nofollow" target="_blank">AICPA’s Tax and Financial Planning Services hub</a></li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> <li>Jimmy William’s <a href="https://livealifeby.design/" rel="nofollow" target="_blank">Live a Life by Design</a> website &amp; podcast</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Integrating life coaching with the financial planning process {PFP Section}

Guest(s): Bob Keebler, CPA/PFS Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares an overview of the IRS guidance that was released. Find out:  What are the major changes in Final 199A regulations, including changes to the aggregation regulations and how to net income across businesses? What are the methods for calculating W-2 wages under Revenue Proc. 2019-11? What is the real estate safe harbor under  Notice 2019-07? How do you use the basis increase with 754 election to compute UBIA? What do you need to know about the new proposed 199A regulations?  Access the related resources from this podcast:   Impact of Tax Reform on Planning Toolkit AICPA Tax Reform Resource Center  Broadridge Advisor (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits.

Guest(s): Bob Keebler, CPA/PFS Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares an overview of the IRS guidance that was released. Find out: <ul> <li>What are the major changes in <a href="https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf" rel="nofollow" target="_blank">Final 199A regulations</a>, including changes to the aggregation regulations and how to net income across businesses?</li> <li>What are the methods for calculating W-2 wages under <a href="https://www.irs.gov/pub/irs-drop/rp-19-11.pdf" rel="nofollow" target="_blank">Revenue Proc. 2019-11</a>?</li> <li>What is the real estate safe harbor under <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjqzqOo0oHgAhVOGt8KHf21AAAQFjAAegQICRAC&amp;url=https%3A%2F%2Fwww.irs.gov%2Fpub%2Firs-drop%2Fn-19-07.pdf&amp;usg=AOvVaw2-HHpzDUW3e6MlVHebmQqk" rel="nofollow" target="_blank"> Notice 2019-07</a>?</li> <li>How do you use the basis increase with 754 election to compute UBIA?</li> <li>What do you need to know about the <a href="https://www.irs.gov/pub/irs-drop/reg-134652-18.pdf" rel="nofollow" target="_blank">new proposed 199A regulations</a>?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="nofollow" target="_blank"> Impact of Tax Reform on Planning Toolkit</a></li> <li><a href="https://www.aicpa.org/taxreform" rel="nofollow" target="_blank">AICPA Tax Reform Resource Center</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/practicecenter/forefieldadvisor.html" rel="nofollow" target="_blank"> Broadridge Advisor</a> (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits.

Tax reform: Section 199A final regulations {PFP Section}

Guest:  Bob Keebler, CPA/PFS In this 40-minute in-depth episode, Bob Keebler CPA/PFS walks you through the mathematics of the SECURE Act, including:  What are the three best solutions to address the 10-year rule that eliminates Stretch IRAs and how do you apply them? What are special circumstances you need to address and how do you apply the appropriate strategies? How do you run the numbers to determine the best strategies to use with your clients?  Access the related resources from this podcast:   Slide deck to complement the audio  Impact of tax reform on planning toolkit Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  Don’t miss other  SECURE Act podcasts!  Practical Solutions for your clients Eligible Beneficiary Exceptions IRAs payable to trusts IRAs payable to conduit trusts Mathematics of estate planning for IRAs Roth conversions and the proposed SECURE Act* A cure for the SECURE Act: using CRTs*  *Recorded prior to SECURE Act passage but the strategies still apply The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest:  Bob Keebler, CPA/PFS In this 40-minute in-depth episode, Bob Keebler CPA/PFS walks you through the mathematics of the SECURE Act, including: <ul> <li>What are the three best solutions to address the 10-year rule that eliminates Stretch IRAs and how do you apply them?</li> <li>What are special circumstances you need to address and how do you apply the appropriate strategies?</li> <li>How do you run the numbers to determine the best strategies to use with your clients?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/content/dam/aicpa/interestareas/personalfinancialplanning/cpeandevents/downloadabledocuments/20200214-secure-act-mathematics.pdf" rel="nofollow" target="_blank"> Slide deck to complement the audio</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="nofollow" target="_blank"> Impact of tax reform on planning toolkit</a></li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> Don’t miss other <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/cpeandevents/learning-library/20191217-secure-act-practical-solutions.html" rel="nofollow" target="_blank"> SECURE Act podcasts</a>! <ul> <li>Practical Solutions for your clients</li> <li>Eligible Beneficiary Exceptions</li> <li>IRAs payable to trusts</li> <li>IRAs payable to conduit trusts</li> <li>Mathematics of estate planning for IRAs</li> <li>Roth conversions and the proposed SECURE Act*</li> <li>A cure for the SECURE Act: using CRTs*</li> </ul> *Recorded prior to SECURE Act passage but the strategies still apply The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Mathematics of the SECURE Act In-Depth {PFP Section}

Guest: Bob Keebler, CPA/PFS In T.D. 9884, the IRS finalized  proposed regulations issued in November 2018 (REG-106706-18), amending Regs. Sec. 20.2010-1 to conform with the temporary increase in the basic exclusion amount for estate and gift tax enacted by the Tax Cuts and Jobs Act. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients:  What is the basic exclusion amount (BEA) and supplemental BEA? What are some examples showing the computation? What does this mean for your clients?  Access the related resources from this podcast:   IRS final regulations to update the life expectancy and distribution period tables Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler  The Adviser’s Guide to Financial &amp; Estate Planning Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS In <a href="https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-25601.pdf" rel="noopener nofollow" target="_blank">T.D. 9884</a>, the IRS finalized <a href="https://www.journalofaccountancy.com/news/2018/nov/estate-gift-tax-exclusion-before-after-tcja-201820153.html" rel="nofollow" target="_blank"> proposed regulations issued in November 2018</a> (REG-106706-18), amending Regs. Sec. 20.2010-1 to conform with the temporary increase in the basic exclusion amount for estate and gift tax enacted by the Tax Cuts and Jobs Act. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: <ul> <li>What is the basic exclusion amount (BEA) and supplemental BEA?</li> <li>What are some examples showing the computation?</li> <li>What does this mean for your clients?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-25601.pdf" rel="nofollow" target="_blank"> IRS final regulations</a> to update the life expectancy and distribution period tables</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="noopener nofollow" target="_blank">Impact of Tax Reform on Planning Toolkit</a>, including charts from Bob Keebler</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/estateplanning/guidetofinancialandestateplanning.html" rel="nofollow" target="_blank"> The Adviser’s Guide to Financial &amp; Estate Planning</a></li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Use it or lose it: IRS issues final regulations on clawbacks {PFP Section}

Guests: Andrea Millar, CPA/PFS &amp; Susan Tillery, CPA/PFS Category: Professional development CPAs and financial planning have been around for over a century. Not because we’ve stayed the same, but because we evolve and adapt to finding new ways to better serve clients. You are forward-thinking and relationship-oriented professionals. These are exciting times that bring opportunities for you to lead the profession into the future with a focus on your clients’ needs. Andrea Millar and Susan Tillery discuss:  How client needs and expectations are evolving What makes CPAs unique How to continue providing the best service in times of change and uncertainty What volunteer leaders and AICPA are doing to help   Access the related resources from this podcast:  AICPA’s Planning &amp; Tax Advisory Services hub  Roadmap to Planning &amp; Tax Advisory Services Workshop: Building a Tax and Financial Planning Advisory Business (preceding the Advanced PFP Conference at AICPA ENGAGE)  Don’t miss the other episodes in this Building a Tax &amp; Financial Planning Advisory Business series!  Step 2: How do I get started? Step 3: What are the appropriate fees to charge? Step 4: How do I approach new client meetings &amp; offer financial planning services to current tax clients? Step 5: What is the best way to create deep relationships with clients? Step 6: How do I decide between serving as the primary point of contact or as a hyperspecialist? Step 7: How do I structure staffing and work with other advisers? Step 8: What do I need to know if I decide to offer investment advisory services? Step 9: How do I maximize use of technology? Step 10: What are the simple actions I can take now?  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! And leave us a review so we can continue bringing valuable and relevant content to you.

Guests: Andrea Millar, CPA/PFS &amp; Susan Tillery, CPA/PFS Category: Professional development CPAs and financial planning have been around for over a century. Not because we’ve stayed the same, but because we evolve and adapt to finding new ways to better serve clients. You are forward-thinking and relationship-oriented professionals. These are exciting times that bring opportunities for you to lead the profession into the future with a focus on your clients’ needs. Andrea Millar and Susan Tillery discuss: <ul> <li>How client needs and expectations are evolving</li> <li>What makes CPAs unique</li> <li>How to continue providing the best service in times of change and uncertainty</li> <li>What volunteer leaders and AICPA are doing to help</li> </ul>  Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/growadvisoryservices" rel="nofollow" target="_blank">AICPA’s Planning &amp; Tax Advisory Services hub</a></li> <li><a href="https://www.aicpa.org/content/dam/aicpa/interestareas/personalfinancialplanning/resources/pfppracticemanagement/pfppracticeguides/downloadabledocuments/pfp-roadmap-executive-summary.pdf" rel="nofollow" target="_blank"> Roadmap to Planning &amp; Tax Advisory Services</a></li> <li><a href="https://www.aicpaengage.com/tracks/PFP" rel="nofollow" target="_blank">Workshop: Building a Tax and Financial Planning Advisory Business (preceding the Advanced PFP Conference at AICPA ENGAGE)</a></li> </ul> Don’t miss the other episodes in this Building a Tax &amp; Financial Planning Advisory Business series! <ul> <li>Step 2: How do I get started?</li> <li>Step 3: What are the appropriate fees to charge?</li> <li>Step 4: How do I approach new client meetings &amp; offer financial planning services to current tax clients?</li> <li>Step 5: What is the best way to create deep relationships with clients?</li> <li>Step 6: How do I decide between serving as the primary point of contact or as a hyperspecialist?</li> <li>Step 7: How do I structure staffing and work with other advisers?</li> <li>Step 8: What do I need to know if I decide to offer investment advisory services?</li> <li>Step 9: How do I maximize use of technology?</li> <li>Step 10: What are the simple actions I can take now?</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! And leave us a review so we can continue bringing valuable and relevant content to you.

Step 1: Why should I offer tax & financial planning advisory services? {Building a Tax & Financial Planning Advisory Business}

Guest: Ted Sarenski, CPA/PFS In this episode, Ted Sarenski, CPA/PFS discusses the impact of taxes on financing retirement healthcare and answers the questions:  What are the major tax considerations CPA financial planners should take into account when advising clients on financing retirement healthcare? What are some special tax considerations with Medicare? What about long-term care and how to pay for it? How can CPA financial planners help their clients navigate the overwhelming experience of finding suitable care and managing the related finances?  Access the related resources from this podcast:  Financial Planning &amp; Tax Services hub at aicpa.org/growadvisoryservices  Retirement planning certificate, part of the  PFP certificate program Demonstrate your competence and confidence with the CPA/PFS credential!  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – you can hear our podcasts online anywhere via your web browser, no podcast app required. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Ted Sarenski, CPA/PFS In this episode, Ted Sarenski, CPA/PFS discusses the impact of taxes on financing retirement healthcare and answers the questions: <ul> <li>What are the major tax considerations CPA financial planners should take into account when advising clients on financing retirement healthcare?</li> <li>What are some special tax considerations with Medicare?</li> <li>What about long-term care and how to pay for it?</li> <li>How can CPA financial planners help their clients navigate the overwhelming experience of finding suitable care and managing the related finances?</li> </ul> Access the related resources from this podcast: <ul> <li>Financial Planning &amp; Tax Services hub at <a href="http://www.aicpa.org/growadvisoryservices" rel="nofollow" target="_blank">aicpa.org/growadvisoryservices</a></li> <li><a href="https://www.aicpastore.com/retirement-planning-certificate-program/PRDOVR~PC-166400/PC-166400.jsp" rel="nofollow" target="_blank"> Retirement planning certificate</a>, part of the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a></li> <li>Demonstrate your competence and confidence with the <a href="https://www.aicpa.org/pfs?tab-1=3" rel="nofollow" target="_blank">CPA/PFS credential</a>!</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – you can hear our podcasts online anywhere via your web browser, no podcast app required. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Taxes and Financing Retirement Healthcare {PFP Section}

Guest: Robert Keebler, CPA/PFS After nearly 20 years since the current set of life expectancy tables were released by the IRS, the IRS released proposed regulations to update these tables for an increase in the average lifespan. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients:  What are the changes you need to know about? What is the impact on lifetime RMDs? What are the transitional rules? When do they become effective? What are the tax issues to consider?  Access the related resources from this podcast:   IRS proposed regulations to update the life expectancy and distribution period tables Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler  The Adviser’s Guide to Financial &amp; Estate Planning Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify!. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Robert Keebler, CPA/PFS After nearly 20 years since the current set of life expectancy tables were released by the IRS, the IRS released proposed regulations to update these tables for an increase in the average lifespan. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: <ul> <li>What are the changes you need to know about?</li> <li>What is the impact on lifetime RMDs?</li> <li>What are the transitional rules?</li> <li>When do they become effective?</li> <li>What are the tax issues to consider?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-24065.pdf" rel="nofollow" target="_blank"> IRS proposed regulations</a> to update the life expectancy and distribution period tables</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="noopener nofollow" target="_blank">Impact of Tax Reform on Planning Toolkit</a>, including charts from Bob Keebler</li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/estateplanning/guidetofinancialandestateplanning.html" rel="nofollow" target="_blank"> The Adviser’s Guide to Financial &amp; Estate Planning</a></li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>!. Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

The proposed new life expectancy regulations for IRAs and qualified plans {PFP Section}

Guests: Ted Sarenski, CPA/PFS &amp; fellow CPA/PFS panelists: Jean-Luc Bourdon, Ellen Bruno, Chris DeBlanc, Michael Goodman, Brooke Salvini, Scott Sprinkle, David Stolz, and Susan Tillery Category: Practice management In this episode, CPA financial planners share their experiences with building their tax and financial planning advisory businesses. Ted Sarenski, CPA/PFS interviews a panel of seasoned practitioners, who answer the questions:  What are the different ways to offer tax &amp; financial planning services? Tax compliance or not? Investment advisory services or not? Which business model is right for me? How do I go about formalizing tax &amp; financial planning services? What are simple actions to take now?  Access the related resources from this podcast:  AICPA’s Planning &amp; Tax Advisory Services Hub  Roadmap to Planning &amp; Tax Advisory Services Workshop: Building a Tax and Financial Planning Advisory Business (preceding the Advanced PFP Conference at AICPA ENGAGE)  Don’t miss the other episodes in this Building a Tax &amp; Financial Planning Advisory Business series!  Step 1: Why should I offer tax &amp; financial planning advisory services? Step 2: How do I get started? Step 3: What are the appropriate fees to charge? Step 4: How do I approach new client meetings &amp; offer financial planning services to current tax clients? Step 5: What is the best way to create deep relationships with clients? Step 6: How do I decide between serving as the primary point of contact or as a hyperspecialist? Step 7: How do I structure staffing and work with other advisers? Step 8: What do I need to know if I decide to offer investment advisory services? Step 9: How do I maximize use of technology? Step 10: What are the simple actions I can take now?  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! And leave us a review so we can continue bringing valuable and relevant content to you.

Guests: Ted Sarenski, CPA/PFS &amp; fellow CPA/PFS panelists: Jean-Luc Bourdon, Ellen Bruno, Chris DeBlanc, Michael Goodman, Brooke Salvini, Scott Sprinkle, David Stolz, and Susan Tillery Category: Practice management In this episode, CPA financial planners share their experiences with building their tax and financial planning advisory businesses. Ted Sarenski, CPA/PFS interviews a panel of seasoned practitioners, who answer the questions: <ul> <li>What are the different ways to offer tax &amp; financial planning services? Tax compliance or not? Investment advisory services or not?</li> <li>Which business model is right for me?</li> <li>How do I go about formalizing tax &amp; financial planning services?</li> <li>What are simple actions to take now?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/growadvisoryservices" rel="nofollow" target="_blank">AICPA’s Planning &amp; Tax Advisory Services Hub</a></li> <li><a href="https://www.aicpa.org/content/dam/aicpa/interestareas/personalfinancialplanning/resources/pfppracticemanagement/pfppracticeguides/downloadabledocuments/pfp-roadmap-executive-summary.pdf" rel="nofollow" target="_blank"> Roadmap to Planning &amp; Tax Advisory Services</a></li> <li><a href="https://www.aicpaengage.com/tracks/PFP" rel="nofollow" target="_blank">Workshop: Building a Tax and Financial Planning Advisory Business (preceding the Advanced PFP Conference at AICPA ENGAGE)</a></li> </ul> Don’t miss the other episodes in this Building a Tax &amp; Financial Planning Advisory Business series! <ul> <li>Step 1: Why should I offer tax &amp; financial planning advisory services?</li> <li>Step 2: How do I get started?</li> <li>Step 3: What are the appropriate fees to charge?</li> <li>Step 4: How do I approach new client meetings &amp; offer financial planning services to current tax clients?</li> <li>Step 5: What is the best way to create deep relationships with clients?</li> <li>Step 6: How do I decide between serving as the primary point of contact or as a hyperspecialist?</li> <li>Step 7: How do I structure staffing and work with other advisers?</li> <li>Step 8: What do I need to know if I decide to offer investment advisory services?</li> <li>Step 9: How do I maximize use of technology?</li> <li>Step 10: What are the simple actions I can take now?</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! And leave us a review so we can continue bringing valuable and relevant content to you.

Step 2: How do I get started? {Building a Tax & Financial Planning Advisory Business}

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients:  What are the requirements for a “safe haven” or conduit trust? How do you avoid a “conduit trust disaster”? When is it useful to use conduit trusts?  Access the related resources from this podcast:  H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the  CPA/PFS credential or the  PFP certificate program.  Don’t miss other  SECURE Act podcasts!  SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020)  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic or  Spotify! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: <ul> <li>What are the requirements for a “safe haven” or conduit trust?</li> <li>How do you avoid a “conduit trust disaster”?</li> <li>When is it useful to use conduit trusts?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.congress.gov/bill/116th-congress/house-bill/1994" rel="nofollow" target="_blank">H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="noopener nofollow" target="_blank">Impact of Tax Reform on Planning Toolkit</a>, including charts from Bob Keebler</li> <li>Demonstrate your competency in personal financial planning with the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/membership.html" rel="nofollow" target="_blank"> CPA/PFS</a> credential or the <a href="https://certificates.aicpastore.com/certificate-programs/personal-financial-planning" rel="nofollow" target="_blank"> PFP certificate program</a>.</li> </ul> Don’t miss other <a href="https://www.aicpa.org/interestareas/personalfinancialplanning/cpeandevents/learning-library/20191217-secure-act-practical-solutions.html" rel="nofollow" target="_blank"> SECURE Act podcasts</a>! <ul> <li>SECURE Act: Practical Solutions for your Clients (12/17/2019)</li> <li>Eligible Beneficiary Exception (1/10/2020)</li> <li>IRAs payable to trusts (1/17/2020)</li> <li>IRAs payable to conduit trusts (1/24/2020)</li> <li>Mathematics of estate planning for IRAs (1/31/2020)</li> <li>Estate Administration for IRAs and qualified plans (2/7/2020)</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a> or <a href="https://open.spotify.com/show/6uW7cuJj4yYeWZZ0y4EmNG?si=8IzwLux3S2ypSqv3vfnlDA" rel="nofollow" target="_blank"> Spotify</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device.

SECURE Act: IRAs payable to conduit trusts {PFP Section}

Guest(s): Bob Keebler, CPA/PFS Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares details on the provisions, specifically  Notice 2019-07 and answers:  When does real estate qualify as a trade or business for purposes of the 199A qualified business income deduction?  Access the related resources from this podcast:   Impact of Tax Reform on Planning Toolkit AICPA Tax Reform Resource Center  Broadridge Advisor (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.  The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits.

Guest(s): Bob Keebler, CPA/PFS Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares details on the provisions, specifically <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwi64IqQxoHgAhWPjFkKHVl1BvgQFjAAegQIARAC&amp;url=https%3A%2F%2Fwww.irs.gov%2Fpub%2Firs-drop%2Fn-19-07.pdf&amp;usg=AOvVaw2-HHpzDUW3e6MlVHebmQqk" rel="nofollow" target="_blank"> Notice 2019-07</a> and answers: <ul> <li>When does real estate qualify as a trade or business for purposes of the 199A qualified business income deduction?</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="nofollow" target="_blank"> Impact of Tax Reform on Planning Toolkit</a></li> <li><a href="https://www.aicpa.org/taxreform" rel="nofollow" target="_blank">AICPA Tax Reform Resource Center</a></li> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/practicecenter/forefieldadvisor.html" rel="nofollow" target="_blank"> Broadridge Advisor</a> (free access to PFP/PFS members) includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.</li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/pfp/" rel="nofollow" target="_blank">AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Visit us online at <a href="http://www.aicpa.org/pfp" rel="nofollow" target="_blank">www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits.

Tax reform: When does real estate qualify for the 199A deduction {PFP Section}

Guest: Bob Keebler, CPA/PFS &amp; David Cahoone, JD, LLM Category: Technical In this episode, Bob Keebler, CPA/PFS discusses the planning strategies related to the proposed SECURE Act using charitable remainder trusts (CRTs) as beneficiaries as IRAs to simulate a stretch IRA. He answers the questions:  When the SECURE Act becomes law, what happens to the stretch IRA as we know it today? If the stretch IRA is gone for most descendants, is there any hope for continued life stretch-out? Is a stretch-out only a tax deferral strategy or is there more to it? How would a CRT be structured to receive retirement benefits? What are the tax consequences of naming a CRT of a retirement plan beneficiary? And more!  Access the related resources from this podcast:   Impact of Tax Reform on Planning Toolkit H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019  The episode is brought to you by the  AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at  www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on  iTunes or Pod-o-Matic! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Bob Keebler, CPA/PFS &amp; David Cahoone, JD, LLM Category: Technical In this episode, Bob Keebler, CPA/PFS discusses the planning strategies related to the proposed SECURE Act using charitable remainder trusts (CRTs) as beneficiaries as IRAs to simulate a stretch IRA. He answers the questions: <ul> <li>When the SECURE Act becomes law, what happens to the stretch IRA as we know it today?</li> <li>If the stretch IRA is gone for most descendants, is there any hope for continued life stretch-out?</li> <li>Is a stretch-out only a tax deferral strategy or is there more to it?</li> <li>How would a CRT be structured to receive retirement benefits?</li> <li>What are the tax consequences of naming a CRT of a retirement plan beneficiary?</li> <li>And more!</li> </ul> Access the related resources from this podcast: <ul> <li><a href="https://www.aicpa.org/interestareas/personalfinancialplanning/resources/proactiveplanningtoolkit.html" rel="nofollow" target="_blank"> Impact of Tax Reform on Planning Toolkit</a></li> <li><a href="https://www.congress.gov/bill/116th-congress/house-bill/1994" rel="nofollow" target="_blank">H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019</a></li> </ul> The episode is brought to you by the <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> AICPA’s Personal Financial Planning Section</a>, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the <a href="https://www.aicpa.org/membership/join/credentials.html?tab-1=3" rel="nofollow" target="_blank">CPA/PFS Credential</a> program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at <a href="https://www.aicpa.org/interestareas/personalfinancialplanning.html" rel="nofollow" target="_blank"> www.aicpa.org/pfp</a> to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast series on <a href="https://itunes.apple.com/us/podcast/american-institute-cpas-personal-financial-planning/id1378685721" rel="nofollow" target="_blank"> iTunes</a> or <a href="https://aicpa-msc.podomatic.com/" rel="nofollow" target="_blank">Pod-o-Matic</a>! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

A cure for the SECURE Act: using CRTs {PFP Section}

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