Guest: Lisa Featherngill, CPA/PFS

It’s Estate Planning Awareness Week! And even though the Tax Cuts and Jobs Act doesn’t feel new, its effects are still being felt in many areas of your clients’ financial lives, including their estates. Clients may not know the impact of new and proposed rules on their estate, so now is the perfect time to talk with them about their plan. In this podcast, Lisa Featherngill, CPA/PFS will teach you:

• How to connect the dots with your clients’ taxes, financial goals and estate plan
• How to broach the subject with your clients, including qualitative and quantities aspects to consider
• What to look for in your clients’ estate plans to make sure it’s aligned with their wishes and integrated with their financial plan
• Actionable steps you can take now to get the conversation and planning process started with your clients

 Access the related resources from this podcast:

• Broadridge Advisor’s Women’s resource center (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 Adviser’s Guide to Financial & Estate Planning
• Demonstrate your competency in estate planning with the CPA/PFS credential or the estate planning certificate program.

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.

Change is a universal constant. You want to be equipped to embrace it so that you can best serve your clients as the geopolitical and economic landscapes evolve. In this podcast, Mackey McNeill, CPA/PFS interviews futurist, David Houle to get his perspective on:

• What’s going to be different in the 2020s and why
• How do you plan inside this disruption?
• What is “humanism” and how it will impact your relationships with and services provided to your clients

Access the related resources from this podcast:

• Practical resources to grow, evolve and manage your practice
• Demonstrate your competency in personal financial planning with the CPA/PFS credential or the personal financial planning certificate program.
• About David Houle
  • Moving to a finite earth economy: the future of humanity, climate and capitalism by David Houle

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

In this podcast, Nadine Lee, CPA/PFS shares strategies and cases related to optimizing incentive stock options. She answers the questions:

• What are the three ways that clients take action on incentive stock options?
• What are the requirements of ISOs?
• What can CPA financial planners do to help clients navigate this complex area of planning?
• How do ISOs factor into a tax-smart comprehensive financial plan?

Access the related resources from this podcast:

• Personal Financial Planning for Executives and Entrepreneurs: The Path to Financial Peace of Mind
• ABCs of Executive Compensation
• 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.

Guest: Ted Sarenski, CPA/PFS

In this episode, Ted Sarenski, CPA/PFS discusses the impact of taxes on financing retirement healthcare and answers the questions:

• What are the major tax considerations CPA financial planners should take into account when advising clients on financing retirement healthcare?
• What are some special tax considerations with Medicare?
• What about long-term care and how to pay for it?
• How can CPA financial planners help their clients navigate the overwhelming experience of finding suitable care and managing the related finances?

Access the related resources from this podcast:

• Financial Planning & Tax Services hub at aicpa.org/growadvisoryservices
• Retirement planning certificate, part of the PFP certificate program
• Demonstrate your competence and confidence with the CPA/PFS credential!

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: Ellen Bruno, CPA/PFS, CGMA

In this episode, Ellen Bruno, CPA/PFS walks through the regulation best interest, Form CRS and the standard of conduct for investment advisers. She answers the questions:

• What does the term solely incidental mean? What is the impact on dually-registered investment advisers?
• What is the RIA fiduciary duty?
• What is the customer relationship summary? And what are the compliance requirements?

Access the related resources from this podcast:

• Slides from this podcast
• The CPA’s Guide to Investment Advisory Business Models
• Statement on Standards in Personal Financial Planning Services
• SEC Regulation Best Interest: The Broker-Dealer Standard of Conduct

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: Bob Keebler, CPA/PFS & David Cahoone, JD, LLM

Category: Technical

In this episode, Bob Keebler, CPA/PFS discusses the planning strategies related to the proposed SECURE Act using charitable remainder trusts (CRTs) as beneficiaries as IRAs to simulate a stretch IRA. He answers the questions:

• When the SECURE Act becomes law, what happens to the stretch IRA as we know it today?
• If the stretch IRA is gone for most descendants, is there any hope for continued life stretch-out?
• Is a stretch-out only a tax deferral strategy or is there more to it?
• How would a CRT be structured to receive retirement benefits?
• What are the tax consequences of naming a CRT of a retirement plan beneficiary?
• And more!

Access the related resources from this podcast:

• Impact of Tax Reform on Planning Toolkit
• H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 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.

Don’t miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Bob Keebler, CPA/PFS & Bob Gordon

Category: Technical

In this episode, Bob Keebler, CPA/PFS interviews Bob Gordon of Twenty-First Securities Corporation about the planning strategies in an ultra-low interest rate environment. He answers the questions:

• What are the unique investment opportunities when interest rates are very low?
• What special election can taxpayers make to reduce taxable income with bond premiums?
• What tax arbitrage opportunities exist when rates are low?
• What does it mean to have negative interest rates?

Access the related resources from this podcast:

• Broadridge Advisor’s client alerts on market volatility (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 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: Paula McMillan, CPA/PFS, CGMA, Senior Financial Advisor at Stearns Financial Group

Category: Technical

“Widow” can feel like a 4-letter word. In this episode, Paula McMillan, CPA/PFS gives an overview of the unique financial issues and challenges that women face as a surviving spouse and your role as their CPA adviser in helping them with their financial life plan and make sound financial decisions. She answers the questions:

• What are the actions and words you can use when interacting with your client who has just lost their spouse?
• What are the complex financial issues that widowed women face?
• How can you build trust with your women clients and support them so that you can help them through this transition?

Access the related resources from this podcast:

• Broadridge Advisor’s Women’s resource center (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 podcast series by Paula McMillan

Don’t miss the other episodes in this series, Women & Wealth: Her Unique Needs:

1. Women taking the reins: financial influence on the move
2. Breadwinner women: sandwiched between career, children, and caregiver
3. Women navigating divorce: independence and finances
4. Widow can feel like a 4-letter word: supporting the surviving spouse

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: Paula McMillan, CPA/PFS, CGMA, Senior Financial Advisor at Stearns Financial Group

Category: Technical

In this episode, Paula McMillan, CPA/PFS gives an overview of the unique financial issues and challenges that women face when navigating divorce and your role as their CPA adviser in helping them with their financial life plan and make sound financial decisions. She answers the questions:

• What are the complex financial issues that women face when navigating divorce?
• What are some key tenants you can share with your clients when they are navigating divorce, independence and finances?
• How can you be an indispensable adviser for your clients when they are navigating divorce?

Access the related resources from this podcast:

• Broadridge Advisor’s Women’s resource center (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 podcast series by Paula McMillan

Don’t miss the other episodes in this series, Women & Wealth: Her Unique Needs:

1. Women taking the reins: financial influence on the move
2. Breadwinner women: sandwiched between career, children, and caregiver
3. Women navigating divorce: independence and finances
4. Widow can feel like a 4-letter word: supporting the surviving spouse

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: Bob Keebler, CPA/PFS & Dr. Robert LeClair

Category: Technical

In this episode, Bob Keebler, CPA/PFS interviews Dr. Robert LeClair about the recent market volatility and the lower interest rate environment, including:

• What is an inverted yield curve?
• What is the significance of an inverted yield curve?
• What defines a recession?
• What are the key indicators to look for when recession may be on the horizon?

Access the related resources from this podcast:

• Broadridge Advisor’s client alerts on market volatility (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 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 https://www.aicpa.org/interestareas/personalfinancialplanning.html 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! Just search for “AICPA Personal Financial Planning” on any Apple, Android or Windows device from your web browser or favorite podcast app