AICPA Personal Financial Planning (PFP)

Guests: Bob Keebler, CPA/PFS and Jonathan Blattmachr, Esq. In this episode, learn what happens when a client gifts and sells property to an intentionally defective grantor trust and passes away 15 years later. Bob Keebler and Jonathan Blattmachr discuss the following topics related to the basis of the property: How is the basis of property determined? What are exceptions to the income tax free step-up in basis rule? Why is an installment sale to a grantor trust so powerful? What do proposed regulations say about the tax-free step up in basis and what may happen post-election? Access the related resources from this podcast: The in-depth Adviser's Guide to Financial and Estate Planning – www.aicpa.org/pfpguides Learn more about the installment sale to a grantor trust strategy in the podcast, How to help clients take advantage of low interest rates – www.aicpa.org/pfp/library 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 The potential for imminent estate tax law changes coupled with a low interest rate environment makes this an opportune time to transfer wealth. Bob Keebler goes in-depth with responding to the following questions that will help you help your clients: Why do you need to start educating clients now about how to protect their estate and gift tax exemption? What is the most powerful transaction you can use to transfer wealth right now and how does this compare to a GRAT? How do you balance bet to live and bet to die strategies? When are dynasty trusts, private annuities, and split-dollar life insurance effective planning strategies? Access the related resources from this podcast: Slides that accompany this video podcast The Proactive Planning Toolkit - www.aicpa.org/pfp/proactiveplanning The Adviser's Guide to Financial and Estate Planning - www.aicpa.org/pfpguides Other estate planning resources like Steve Oshin's planning charts at www.aicpa.org/pfp/estate 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.

Guests: Lyle Benson, CPA/PFS & Susan Bradley, founder of Financial Transitionist® Institute Your clients look to you for more than just numbers. You can help them through the human and personal dynamics of transition. Lyle Benson CPA/PFS, facilitates a conversation with Susan Bradley on how to skillfully help clients move through the pandemic. You will learn: What is the financial transition model you can use with clients? What are three questions to ask your clients in the midst of transition? How can you effectively guide a client from what was to what will be? How do you put together the two sides of money – technical and personal – to guide decision-making for your client? Access the related resources from this podcast: Slides that accompany the podcast Key takeaways from AICPA Personal Financial Planning Summit 2020 Planning ideas and more during the pandemic - https://www.aicpa.org/pfp/covid19 Learn more about Susan's Financial Transitionist® Institute - https://financialtransitionist.com/ 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: Julie Papievis and Jim Sullivan, CPA/PFS With the first wave of baby boomers turning 75 and 6 million Americans impacted by Alzheimer's disease, it is important to understand the physical, mental, and financial nuances. As a CPA financial planner, you can give your aging clients and their families peace of mind as they embark on this daunting journey. In this episode, Julie Papievis will guide you to help your clients by answering the following questions: What is Alzheimer's disease and its pathology and progression? How do you create a Care Budget and a Care Balance Sheet as part of your client's financial plan? What skills will help you bring value to your newly diagnosed client and their family? Access the related resources from this podcast: Read the write-up created by Jim Sullivan, CPA/PFS, that accompanies this podcast. Visit the Alzheimer's Association at www.alz.org. Find the Adviser's Guide to Retirement and Elder Planning at www.aicpa.org/pfpguides. 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.

Guests: Bob Keebler, CPA/PFS and Jonathan Blattmachr, Esq. The elimination of the ability to stretch IRA and qualified plan distributions over the life of the beneficiary has made effective planning a bit more challenging. In this episode, learn from Bob Keebler and Jonathan Blattmachr as they explore the SECURE Act's 10-year rule and planning strategies for your clients, including: Using CRUTs or NIMCRUTs to simulate a payout that is longer than 10 years Considerations for planning with trusts and s-corporations How to create a plan that gives your clients flexibility and opportunities How to calculate the math and determine the timing of these planning strategies Access the related resources from this podcast: SECURE Act resources, podcasts, and charts from Bob Keebler in the Proactive Planning Toolkit 10th edition of The Adviser's Guide to Financial and Estate Planning updated for SECURE Article analyzing the CRUT and NIMCRUT strategy 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: Sandra Truitt, AICPA PFP Team Calling all PFP Section members! Are you looking for tips and tricks for diving into your PFP Section benefit suite? Look no further than this podcast episode featuring Sandra Truitt from the AICPA PFP team. She will give an A-Z overview of your benefits including: Quick tips for getting started Resources included with membership Ways to stay current and in the loop Opportunities to connect with peers and the AICPA team Can't-miss ideas for using the tools included Access the related resources from this podcast: Make the most of your PFP Section benefits brochure Slides to accompany the podcast PFP Section website training videos Broadridge training videos CPA/PFS pathway information 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: Ross A. Riskin, DBA, CPA/PFS, CCFC, MS Tax The coronavirus pandemic brought major changes to higher education. From where to attend classes to exploring the upcoming financial aid filing season, there are a lot of important factors to think through right now. Hear from professor and education planning expert, Ross Riskin, CPA/PFS, in this podcast as he shares new strategies around: • Using 529 plan distributions for room and board when a child is living at home • What to know about the FAFSA process for the fall semester • CARES Act relief provisions and planning strategies for student loan repayments • Deeper education planning questions that go beyond finances Access the related resources from this podcast: • The Adviser's Guide to Education Planning: covers how to get started, tax planning considerations, and special planning considerations for high net worth individuals, business owners, divorced couples, and grandparents. (Free Excerpt) • Coronavirus (COVID-19) personal financial planning resources 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.

Guests: Lyle Benson, CPA/PFS, and Susan Bradley, CeFT®, CFP® The emotions underlying decisions can create confusion in times of major transition like the pandemic. In this podcast, you will walk away with gems to help you have better conversations with your clients that lead to action with purpose. Tune in as Lyle Benson interviews life transition expert Susan Bradley: What are the four stages of transition and how you can you support your clients through each? What are the most effective questions to help clients discover their purpose? And what question might you want to avoid? Why is having a structured conversation so important and what tools can help facilitate? Access the related resources from this podcast: Diagrams highlighting the four stages of transition and the personal and technical side of money Purpose, method, outcome (PMO) worksheet to structure and facilitate conversations with clients Broadridge Advisor's Life Events Resource Center (available for PFP Section members) 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: Erin Scheithe Losing money or property to fraud can be devastating. While scammers' exploitation tactics are familiar, the pandemic may lead to an increased likelihood that your clients will fall for them. In this episode, learn about coronavirus specific fraudulent schemes that you can share with your clients. Erin Scheithe with the Consumer Financial Protection Bureau answers questions to help you protect your clients: Who is the target of coronavirus-related scams? What are the red flags you should look for? Who should you turn to if one of your clients has been scammed? Access the related resources from this podcast: Consumer Financial Protection Bureau's coronavirus and older adult resources Content for financial planning professionals Content for forensic professionals 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.

Guests: Ted Sarenski, CPA/PFS During the coronavirus pandemic, you have witnessed uncertainty with personal finances and the anxiety that has come with even the best-laid plans. What can you do today to help your clients gain comfort and clarity? You can help them with their Social Security planning decisions. In this episode, learn from Social Security expert Ted Sarenski, CPA/PFS, as he shares key insights that will help you help your clients, including: Expectations for next year's Trustees of Social Security and Medicare trust funds report Tips to keep age 62 clients going who are now unemployed or earning much less Decision-making formula for preserving Social Security benefits Considerations for married couples, surviving spouses, and families Social Security outlook for those under age 60 Access the related resources from this podcast: The 2020 Trustees of Social Security and Medicare trust funds report Ted Sarenski's guide to Social Security 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.