This includes sessions from the conference: Advanced Personal Financial Planning (as part of AICPA ENGAGE 2018)
Bonus session: available onsite only. In this session, Duncan Gates will be discussing investing concepts that tax professionals can use with their clients to ensure that taxes are being taken into consideration when making investment decisions.
1. taxes are an integral part of investment decisions, yet they are rarely taken into consideration
2. the tax professional is in a prime position to be able to help clients take taxes into consideration when investingSpeaker(s):
The presentation will include uses of annuity products to meet retirement needs, and appropriate timing for considerations of annuities. Fixed annuities, variable annuities and indexed annuities will be included in the presentation.
Learning Objectives Include:
• Use of annuities to fully or partially meet retirement cash flow needs.
• Use of annuities to partially protect against negative markets.
The DOL, SEC and various state legislatures and regulators continue to address the fiduciary obligations of financial planners, including those associated with IRA rollovers. Ron offers an update on recent changes, along with practical suggestions on actions individual advisors should be taking to adopt to the new environment.
• Learn of new developments in statutes, regulations, and state common law (i.e., case law) affecting the fiduciary obligations of personal financial planners.
• Ascertain best practices for complying with fiduciary obligations, including investment strategy and investment due diligence, when advising individual clients, plan sponsors, and endowments.
Ensuring the best possible outcome for a succession plan goes well beyond the question, “how much can I get for my firm?” In this insightful, inspiring, information-rich talk, Shannon O’Toole Kuhlman, Buckingham Strategic Wealth’s Chief Talent Officer will provide answers and fresh perspectives to the most important factors RIA firm owners should consider when planning for succession. Perfectly suited to succession-minded RIA firm owners and advisors, “Beyond the Math” delivers multi-faceted, actionable ideas designed to help participants ensure the brightest possible future for their clients, their teams, and themselves.
• As a RIA owner, understanding your succession and/or continuity planning options and how they will effect you, your team and your clients.
• Understanding the process of going through an external succession or continuity transition.Speaker(s):
Given the current state of the world, insurance company mergers and more, now is more important than ever to have a complete review of your personal insurance policies to make sure that there are no gaps in coverage. This discussion will highlight commonly overlooked coverages and key items and exposures that homeowners need to be aware of, how to best understand what your risks are, so that there are no surprises in the event of a serious situation. We will cover lessons learned from recent catastrophic events, including hurricanes, sexual harassment suits on the rise, etc. and how to protect yourself against exposures during these challenging times.
• Review key items that homeowners need to be aware of
• Understand how to protect against exposures
This presentation will explore the impact and role of guaranteed income on retirement income strategies. Concepts explored include the impact of guaranteed income on retiree outcomes and portfolio risk levels, how taxes affect the purchase decision, as well as several important modeling considerations.
• Understand the role of guaranteed income as part of a retirement income strategy
• How guaranteed income affects optimal portfolio allocations
• The impact of retiree consumption, dynamic choice, and taxes on optimal annuity purchase decisions
• How to appropriately model and consider guaranteed income in a financial plan.
Brian Edelman will present a brief summary of the new cybersecurity regulations that apply to CPAs, Planners, and Investment Advisors. He will also present the five critical steps you can follow to ensure you are not only accurately protecting private information your clients have entrusted you with but also protecting you from any liability that comes with the risk of a data breach. You will leave this session with practical tools that you can apply in your firm to go from cyber scare to cyber secure.
• Understand the new cybersecurity regulations
• Obtain practical tools that can applied in your firm
This presentation will discuss how financial planners and other financial service professionals rank, weigh, and use client characteristics and portfolio development factors related to the evaluation of client risk attitudes when making an asset allocation recommendation. The session will also provide attendees with guidance in evaluating and assessing a client's risk tolerance, as well as showing ways that risk profile scores can be mapped to specific client-centered recommendations.
• Learn to differentiate between and among common risk profiling terms.
• Understand how financial professionals currently use client risk profile scores when developing financial planning, investment, and accounting recommendations.
• Learn ways to use risk profiling tools more effectively.
• Learn to map risk profile scores to specific recommendations.
• Understand ways to evaluate risk tolerance and risk profiling products in the marketplace.
The new Section 199A 20% small business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This session focuses on strategies involving trusts and estates that will help your clients optimize the deduction. This session will help you:
• Understand the $157,500 limitation for trusts and why this is a tremendous opportunity
• Use 754 elections to create additional qualified property
• Plan for the new Kiddie Tax when property is held by children and grandchildren
Many of your clients are not prepared for the other “ orthopedic shoe” to drop and have completed little or no planning to address paying for long term care services. With increasing longevity, this has become the one of the greatest risks to financial security during retirement and wealth preservation. Helping clients address this risk is critical and has become easier with the expansion of options available in the insurance marketplace today. Funding solutions and strategies to pay for long term care services have changed materially since the product was first introduced over 20 years ago and with the passage of the Pension Protection Act.
• Understand the current product landscape to include an overview of standalone long term care insurance products and hybrid products
• Understand efficient solutions for paying premiums for individuals, entities and business owners.