Guest(s): Paula McMillan, CPA/PFS

Category: Technical

In this episode, Paula McMillan, CPA/PFS shares what current retirees have to say about retirement and lessons they’ve learned along the way. She answers the question: What are the six factors paramount to a successful retirement?

Access the related resources from this podcast:

• Top seven mistakes when claiming Social Security benefits by Paula McMillan (The Tax Adviser)
• The Adviser’s Guide to Retirement and Elder Planning, a multi-part guide series including life transitions.
• Broadridge Advisor includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.
• Retirement planning certificate, part of the PFP certificate program

Don’t miss the other episodes in this series:

• Will your clients have enough to retire?
• What is the national state of retirement
• Making conversations count: integrated financial planning (March 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.

Make sure to subscribe to our podcast channel on iTunes or Pod-o-Matic, so that you don’t miss an episode! And leave us a review so we can continue bringing valuable and relevant content to you.

Guest(s): Paula McMillan, CPA/PFS

Category: Technical

In this episode, Paula McMillan, CPA/PFS shares how to make conversations count when it comes to personal financial planning. She answers the questions:

• What is your role and influence in your clients’ conversations with others around personal financial planning?
• Why is it important for your clients to broaden and deepen financial conversations with family and friends and what is your role in enabling that?
• How can you help your clients have purposeful conversations with family members and children about finances?

Access the related resources from this podcast:

• Top seven mistakes when claiming Social Security benefits by Paula McMillan (The Tax Adviser)
• The Adviser’s Guide to Retirement and Elder Planning, a multi-part guide series including life transitions.
• Broadridge Advisor includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.
• Retirement planning certificate, part of the PFP certificate program

Don’t miss the other episodes in this series:

• Will your clients have enough to retire?
• What is the national state of retirement
• Lessons from the 9^th hole: what current retirees have to say 

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.

Guests: Erica Gellerman, CPA

Category: Practice management

In this episode, Erica Gellerman, CPA turned marketer is here to help you differentiate your CPA financial planning practice for their current and prospective clients.

• Why does a cohesive online presence matter?
• What are the three Vs of creating a cohesive online presence?
• How can you leverage your online presence, so your clients will know, like, and trust you?

Access the related resources from this podcast:

• Your CPA Practice & Planning Toolkit
• Business Development Toolkits for CPA financial planners and CPA/PFS holders
• Technology for a Planning & Tax Advisory Services Business 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 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.

Guests: Ed Fulbright, Sheila Padden, & Chip Simon

Category: Practice management

In this episode, CPAs and financial planners share their experiences with the retainer fee model for their personal financial planning practices.

• What is the retainer model? Why did they choose this fee-only model for their practice?
• Is this model right for your practice?
• How has it contributed to client satisfaction and client retention?
• How can you transition tax clients to the retainer model?
• If you’re considering adding or expanding into planning & tax advisory services, how can you leverage this model to best serve your clients?

Access the related resources from this podcast:

• AICPA’s Planning & Tax Advisory Services hub
• Roadmap to Planning & Tax Advisory Services
• The Financial Planners’ Retainer: A Reflection of Real Value (free whitepaper from ACP)
• Alliance of Comprehensive Planners website

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.

Guest(s): Bob Keebler, CPA/PFS & 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.

Guest(s): Bob Keebler, CPA/PFS & Ed Slott, 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 Ed Slott, CPA intersection of Section 199A qualified business income deduction and retirement plan benefits. Find out:

• What is the calculation of the retirement plan deduction in the context of Section 199A?
• How can a Roth conversion reduce your income tax liability?
• What is the one tool you can use for specified service business client who is close to the qualified business income deduction threshold?

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): Paula McMillan, CPA/PFS

Category: Technical

In this episode, Paula McMillan, CPA/PFS gives an overview of the current environment that your clients are face as they approach retirement age, including the obstacles and your role as their CPA adviser in helping them overcome them. She answers the questions:

• What’s the one thing that matters most in retirement planning?
• What trends in the retirement and personal obstacles are your clients facing that prevent them from saving for retirement?
• What can you do to help your clients overcome the challenges they are facing?

Access the related resources from this podcast:

• Top seven mistakes when claiming Social Security benefits by Paula McMillan (The Tax Adviser)
• The Adviser’s Guide to Retirement and Elder Planning, a multi-part guide series including life transitions.
• 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.
• Retirement planning certificate, part of the PFP certificate program

Don’t miss the other episodes in this series:

• What is the national state of retirement 
• Making conversations count: integrated financial planning (March 15, 2019)
• Lessons from the 9^th hole: what current retirees have to say (March 15, 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. 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(s): Paula McMillan, CPA/PFS

Category: Technical

In this episode, Paula McMillan, CPA/PFS. She answers the questions:

• How has the vision of a meaningful retirement and the tools to achieve it evolved over the last several decades?
• What is today’s vision of a meaningful retirement?
• What do your clients fear most about financing retirement?
• How can you guide your clients in designing a retirement that is meaningful to them?

Access the related resources from this podcast:

• Top seven mistakes when claiming Social Security benefits by Paula McMillan (The Tax Adviser)
• The Adviser’s Guide to Retirement and Elder Planning, a multi-part guide series including life transitions.
• Broadridge Advisor includes extensive-content written by CPAs, attorneys and other experts on planning strategies, new relevant laws, etc. that are articulated in client terms.
• Retirement planning certificate, part of the PFP certificate program

Don’t miss the other episodes in this series:

• Will your clients have enough to retire?
• Making conversations count: integrated financial planning (March 15, 2019)
• Lessons from the 9^th hole: what current retirees have to say (March 15, 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. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits.

Guest(s): Nadine Gordon Lee, CPA/PFS, CFP®, Managing Director, Metro NY Offices & President, Colony Group Family Office

Category: Technical

In this podcast, Nadine Lee, CPA/PFS discusses executive compensation. She answers the questions:

• Why do your clients need to understand and proactively manage equity-based accumulations with a conscious strategy?
• What are the most common components of equity-based compensation?
• How can you help your clients manage after-tax consequences while balancing risk?

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. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits.

Guests: Lisa Featherngill, CPA/PFS with Nancy Amick and Amy Jucoski

Category: Practice management

What makes you an invaluable voice in your clients’ lives? In this podcast, Lisa Featherngill interviews Nancy Amick and Amy Jucoski, who share a sneak peek of their session at the 2019 Advanced Personal Financial Planning Conference at AICPA ENGAGE. Find out:

• What is business succession planning and why is it so important in your clients’ lives?
• Why should business owners integrate succession planning into their overall financial plan?
• What actions do the most successful business owners take to plan for succession?
• What is the first step to plan for succession?

Dig deeper into this topic and other meaningful opportunities at the 2019 Advanced Personal Financial Planning Conference at AICPA ENGAGE. 

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.