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As we enter the third quarter, the economic landscape is dominated by two surges – a fiscal surge and a vaccination surge. In combination, these surges should lead to much stronger economic growth and higher inflation. A key question for investors, however, is whether this will fuel a continued back up in long-term interest rates or a market correction in areas of the markets that look frothy. As the pandemic winds down, investors will likely once again focus on longer-term issues such as sustainable investing and the relentless growth of the Chinese economy and capital markets.
Objectives:
- Discover how global markets and economies can affect investors and the potential impacts on portfolios.
- Identify both timely and long-term trends in the markets and global economic landscape.
Join Gerontologist, professional coach and life stage expert, Barbara Waxman, as she shares valuable insights that will turn everything you think about midlife on its head. During this interactive presentation you'll learn why this isn't your parents' midlife, why retirement as we know it is ready to be retired, and what specific tools and questions you can use to better serve your clients. Barbara will distill decades of research to help you develop insights into just how the aging of America and demographics of the 21st century have changed the way successful financial professionals think about their work.
Objectives:
- Identify why age alone is no longer the most important litmus test for planning.
- Recall the most important questions you need to be asking your clients.
- Recognize when being a ghostwriter becomes part of your job
- Explain how the changing nature of ambition has changed financial planning.
- Identify which soft skills are most useful and the hardest to cultivate.
Insurance products such as life insurance and annuities can provide tax advantaged investment returns. This presentation will explain the basics of insurance taxation, understanding basic annuity and life product structures, and the mathematics of net returns on assets subject to taxes on growth above basis. Topics include optimal location of financial assets within insurance products and assessing the value of mature insurance policies.
Objectives:
- Identify the potential tax benefits of annuities and life insurance.
- Recognize asset location strategies to maximize benefits from the use of insurance products
In this session, we will explore what it looks like to work with the ever growing segment of clients experiencing diminished capacity. We will discuss how our current regulatory environment impacts the way we do business, and what tools and best practices we can implement not only to protect our businesses but to best serve our clients and families.
Objectives:
- Define cognitive decline and diminished capacity and how to recognize it.
- Review current and future industry regulation related to this segment of clients.
- Recall tools and best practices to utilize, from a practice management perspective
- Discuss actions to take to best serve and protect these clients and their families, from a fiduciary standpoint
The reality of the of long term care planning for today’s mass affluent client has changed for the positive. Longevity, lifestyle and legacy are why the subject must be considered.
The financial and non-financial consequences that providing care brings will result in difficult decisions and compromise family dynamics. This is especially true for the sandwich generation, blended families, divorce, and growing solo aging population.
The desire for control about how, where and who provides care is front and center in a Covid world.
An increase in chronic conditions for aging such as Alzheimer’s, Parkinson’s, and Covid long-haulers demands proactive LTC planning. Reduced government programs and increased costs for retirement lifestyle make LTC planning valuable, if not critical.
We will compare the new planning solutions in the marketplace. Hybrid polices, Joint and Second to Die LTC solutions and Life and Annuities with Riders. A discussion of the differences in LTC riders, and a focus on the sweet spots for planning given health and family history will highlight opportunistic planning windows.
An analysis of “self- insuring “will solve for the true cost of self-funding for the mass affluent and HNW clients. Financing, gifting options, ILITs, tax incentives and 1035 exchanges in LTC planning are unique and opportunistic planning tools that will be addressed.
Lastly, why the broker you ultimately work with matters - for successful client outcomes and at policy execution.
Objectives:
- Identify how the mass affluent can benefit from today's long term care planning solutions and why the LTC discussion deserves consideration in a comprehensive financial plan.
- Evaluate the myriad of planning solutions in today's marketplace. Why a comprehensive analysis of ALL solutions matters in maximizing successful outcomes.
Disabilities don't discriminate. Families of great means have children and other beneficiaries with disabilities at the same rate as families of modest means. Addressing the myriad needs of a person with a disability (PWD) requires a comprehensive Special Needs Financial Plan (SNFP). The SNFP is built upon a network of Special Needs Trusts (SNTs), each of which is designed to be funded with different types of assets, at different times, from different sources. Identifying and engaging a family's "team" of allied professionals is a critical first step in developing the funding formula for the network of SNTs. Although a SNFP will maximize the use of a family's private wealth and resources, it must also be compatible with maintaining the eligibility of the PWD for government benefits that are the sole gateway to accessing beneficial programs and services that are not available on a private pay basis.
Objectives:
- Define the Network of Special Needs Trusts: The Cornerstone of Securing the Financial Future of a Person With a Disability. Learn the differences between first-party and third-party SNTs, and how to fund them properly. Consider the options for addressing pre-existing family trusts that are incompatible with a Special Needs Financial Plan.
- Identify the Funding Formula: How Much is Enough to Fund the Network of SNTs? Learn how to develop the formula for funding the SNFP with a family's private assets and resources and government benefits that are based on a worker's earnings and work record. Learn how each member of the team can access and maximize these funding elements.
- Recognize when Private Pay is Not an Option: Accessing Means-Tested Government Programs. Many beneficial programs and services are not available on a private pay basis. Learn how to access such services by establishing eligibility for the "gateway" government programs that are means-tested.
This session will cover the best 2021 retirement tax planning strategies, following a year that upended even the best-laid plans. The program will show CPAs how to react to the most recent tax changes, including the SECURE and CARES Act and more. Most clients will need to have their current retirement tax and estate plans revised based on the recent tax rule changes.
Objectives:
- Identify the retirement tax planning areas where advisors can add the most value and increase consulting income.
- Recognize the latest tax and IRA distribution decisions from recent cases and rulings. These will apply to your clients who are relying on you for the right advice before making major decisions affecting their retirement savings.
This session will be a discussion on how aggressively advisors should allocate to investment products with an environment, social and governance (ESG) mandate. We will present a series of concerns about ESG investing, and our panelists will respond to those concerns from a practical perspective and from the standpoint of academic research.
Objectives:
- Outline if ESG products become overvalued because of the flow of assets to them
- Identify if there is a clear, universal definition of what constitutes an appropriate ESG investment
- Recognize if expense ratios and other costs of ESG products too high
- Define how you accommodate clients with different ESG preferences
- Describe whether you can measure ESG products are effectively delivering on their mandate
The Best Ideas Panel will pull together the best thinking from the first two days of the conference and some of our highest rated speakers. We will give the attendees practical planning strategies that affect their clients that they can implement now. Topics will cover thought leadership in the income tax planning, estate planning, retirement and other areas as well as some of the general sessions. Our panel consists of individuals who are recognized experts in each area and consistently ranked as our top speakers at the conference.
Learning Objectives:
- Analyze best planning ideas from across all the sessions from the first two days of the PFP conference.
- Recognize current hot topics including tax planning, estate planning, retirement, elder planning, and other financial planning topics will be presented in a practical format.
The much-debated ruling by the US Supreme Court forcing the NCAA to alter long-standing financial policies around collegiate athletics, athletes and teams speaking out on social issues, and the Tokyo Olympics taking place amid a global pandemic has made the intersection of business and sports more apparent and newsworthy than ever.
The role of the trusted, professional financial advisor is critical from the onset of an athlete’s career requiring an understanding of financial literacy, wealth management and compliance. Given the stunningly short, average length of a player’s career, preparing for the day the buzzer sounds should start well before they sign their first professional contract.
This session features lessons learned from three groundbreaking professionals - Amobi Okugo, Jeremy Bloom and Nicole Lynn - each bringing their own unique perspectives on overcoming adversities, maximizing opportunities and navigating an often treacherous business environment on and off the field.