AICPA Personal Financial Planning (PFP)

Guest: Lyle Benson, CPA/PFS Gain ideas for how to talk with clients about their emotions, goals, politics, investments and year-end planning in this episode of the PFP Section podcast. Lyle Benson, CPA/PFS, shares takeaways from a recent AICPA PFP Summit Presents event that will guide you on how to approach your clients in the most effective way. Topics include: Going deeper to understand what is changing with client goals and making room for aha moments How to engage with clients who are anxious or grieving What to say about the investment markets, uncertainty in the economy and the politics that we're facing now Discussions to have about year-end planning and what could be coming Access resources related to this podcast: Year-end planning tips with Bob Keebler, CPA/PFS Register for a year-end planning webcast fresh off the election on November 10th (free with CPE for PFP/PFS members) How to have transformative conversations with Jean-Luc Bourdon, CPA/PFS 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Steve Siegel, JD, LLM If you have clients who terminated an estate or nongrantor trust in 2018, 2019, or 2020, you will want to tune in to this episode of the PFP Section podcast. Long awaited clarity is here and Steve Siegel outlines what you need to know, including: The background on the confusion with allowable deductions caused by TCJA What is deductible and how are the excess deductions classified when they flow through to the beneficiary How miscellaneous itemized deductions are handled, including investment advisory fees What can and should be addressed in the months ahead to benefit your clients Access resources related to this podcast: Related Journal of Accountancy article The Adviser's Guide to Financial and Estate Planning 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Reina Schlager, CPA/PFS As a CPA financial planner, you're often the first to recognize when a client is showing signs of dementia and you're in the trusted position to protect their finances and their care. Reina Schlager, CPA/PFS, shares experiences she has had to help you navigate similar situations with your clients, such as: Helping to physically protect your clients Recognizing when family members need to be told Treating the client with dignity Noticing when a guardianship needs to be put in place Knowing when to bring in other advisors Making sure client wishes are met with their care Access resources related to this podcast: Practice Guide: The adviser's guide to retirement and elder planning Podcast: The financial impact of Alzheimer's disease 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Joel Bruckenstein From CRM, financial planning, and risk tolerance software to cybersecurity resources and digital marketing tools, the 2020 T3/Inside Information Advisor Software Survey covers wide ground. Joel Bruckenstein shares the highest rated tools, his expert insights, and trends that he's seeing in this PFP Section podcast. Takeaways include: The movement towards all in one solutions How the pandemic has increased the speed of software adoption Heightened attention to tools that improve the client experience What financial planners consider their top three most valuable tools The answers to the most essential and basic questions you have about technology Access resources related to this podcast: T3/Inside Information 2020 Advisor Software Survey full report Technology for a Tax and Financial Planning Business hub 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Jean-Luc Bourdon, CPA/PFS, CFP® The fear of uncertainty in the current times requires having skillful conversations to bring calm and comfort to your clients. Jean-Luc Bourdon, CPA/PFS, shares how to create an environment where your clients feel safe to discuss their deepest concerns and desires in this PFP Section podcast. He provides pointers such as: Rules he follows to ensure his clients are clear and comfortable Listening skills for the purpose of connecting versus responding How to increase IQ, problem solving, trust, resiliency, sense of identity, and goal orientation The art of coaching versus the science of technical expertise Access other resources to increase your connection with clients: What's next: life after the pandemic (https://future.aicpa.org/resources/podcast/whats-next-life-after-the-pandemic) How to help clients make good decisions in times of change (https://future.aicpa.org/resources/podcast/how-to-help-clients-make-good-decisions-in-times-of-change) How to deepen client relationships during the pandemic (https://future.aicpa.org/resources/podcast/how-to-deepen-client-relationships-during-the-pandemic) 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Brooke Salvini, CPA/PFS and Brian Gordon, CLTC The pandemic has highlighted the need to have plans in place for healthcare. You can add value to your clients by having conversations to help them understand their options for long term care. In this episode, Brooke Salvini, CPA/PFS, and LTC expert, Brian Gordon guide you through what you need to know such as: New criteria used for the application process Available options when premium costs go up Questions to ask when reviewing policies Making claims on policies Tax free exchanges to repurpose money Access the related resources from this podcast: Part one of the importance of addressing long-term care planning - https://www.aicpa.org/interestareas/personalfinancialplanning/cpeandevents/learning-library.html The Adviser's Guide to Retirement and Elder Planning: Financing Retirement Healthcare - https://www.aicpa.org/interestareas/personalfinancialplanning/resources/retirementplanning/longtermcare.html 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Brooke Salvini, CPA/PFS and Brian Gordon, CLTC Whether you have clients who are currently receiving care or planning for their long-term health and finances, you can guide them by understanding the LTC insurance industry and how the landscape is changing as a result of COVID-19. You'll be better informed as you listen to Brooke Salvini, CPA/PFS, and LTC expert, Brian Gordon, discuss: What insurance companies are doing differently when underwriting policies as a result of COVID-19 Balancing how much to self-fund and how much to insure The sweet spot for timing to purchase a long-term care policy The types of policies and the must-have features to help your clients find the right fit Access the related resource from this podcast: The Adviser's Guide to Retirement and Elder Planning: Financing Retirement Healthcare https://www.aicpa.org/interestareas/personalfinancialplanning/resources/retirementplanning/longtermcare.html 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Steve Siegel, JD, LLM The coronavirus pandemic highlights the importance of estate planning, regardless of wealth. As your client's most trusted adviser, it's important to initiate discussions to ensure their planning is in order. In this episode, Steve Siegel walks you through the core concepts, including: Documents everyone should have in place The importance of reviewing beneficiary designations Considerations for college-age children Dangers of boiler plate healthcare directives in light of the pandemic Aspects to consider when appointing POAs, executors, trustees, and guardians Access the related resource from this podcast: The in-depth Adviser's Guide to Financial and Estate Planning (www.aicpa.org/pfpguides) 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. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Ted Sarenski, CPA/PFS If you're looking for one of the best tax deals around, look no further than a HSA for its trifecta of benefits. Contributions are tax deductible, growth is tax free, and qualified withdrawals are not taxable. Explore the ins and outs of HSAs and why they should be considered for every retirement plan in this PFP Section podcast episode brought to you by Ted Sarenski, CPA/PFS. Learn: How to use HSAs as a powerful vehicle for retirement savings How HSAs integrate with your overall financial plan What happens if you are no longer employed What you need to know about the 2020 rules Access the related resources from this podcast: Be prepared to best serve your clients with The Adviser's Guide to Retirement and Elder Planning (www.aicpa.org/pfpguides), a 4-part series covering these important client planning decisions. Hone your skills in all areas of personal finance with your CPA/PFS credential (aicpa.org/pfs). This 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. Also, by the CPA/PFS Credential program (www.aicpa.org/pfs), 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. 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 Be prepared to shift some of your tax and financial planning strategies if there is a change in administration with the coming election. Learn about tax policy themes and potential planning opportunities from Bob Keebler, CPA/PFS, including: Payroll taxes on high income earners Marginal tax rate and the capital gains rate for high income individuals Basis step-up at death and other estate and gift tax rules Non-qualified and incentive stock options and deferred compensation Planning strategies to consider now and post-election to best serve your clients Access the related resources from this podcast: Proactive Planning Toolkit for resources, guides, podcasts, and charts from Bob Keebler - www.aicpa.org/pfp/proactiveplanning PFP News delivered to PFP and PFS member inboxes on Wednesdays Post-election year-end planning webcast on November 10th - https://www.aicpa.org/pfp/events 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.