Industry News
Accounting
Top stories summarized by our editors
4/12/2021

The prospect of tax increases in the future has created a new urgency for older, wealthier savers approaching retirement to consider certain planning strategies. One option is to perform Roth conversions for some of the assets held in traditional IRAs or 401(k)s. (PFP/PFS member benefit -- Practical retirement planning guide; AICPA members can access an excerpt)

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Financial Planning
4/12/2021

The trend toward stricter disclosure requirements has created compliance and privacy concerns for high-net-worth individuals, according to a study. One of the biggest worries for these individuals is the threat to their reputation if private information is obtained by the wrong people.

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WealthManagement
4/12/2021

From the totally hands-off investment client to the busy options trader, no two investors are the same. Here are 10 approaches for working with the most common investor personalities you are likely to come across in your practice.

4/12/2021

Presenting the results of a Monte Carlo simulation solely in terms of the probability of success or failure is not the most effective strategy. Not only does this approach limit the amount of insight that the modeling can reveal, it also downplays the adjustments that can be made to keep a plan on track.

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Nerd's Eye View
4/9/2021

Empathy is an important part of leadership, but sometimes you must directly challenge someone to improve even as you continue supporting them, writes Dana Theus. "Coaching feedback doesn't tell someone how to do something, but creates a safe space within which they can try, fail and succeed to figure it out themselves," she writes.

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Inpower Coaching
4/9/2021

There are many changes for an employee benefit plan auditor to master this year. Read what a former EBP auditor says you should consider for engagements this summer.

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AICPA Insights
4/9/2021

The Internal Revenue Service has issued guidance on a temporary rule that allows a 100% deduction for eligible restaurant meals in 2021 and 2022. The guidance defines "restaurant" for these purposes and explains when a 50% limitation continues to apply.

4/9/2021

Research suggests the number of older people who have never married and have no children is growing. This article examines how single people can prepare for financial and emotional aspects of a fulfilling retirement.

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Kiplinger
4/9/2021

Consumer borrowing rose sharply in February, with total consumer credit beating expectations by increasing at a 7.9% annual rate, according to Federal Reserve data.

4/9/2021

The Small Business Administration opened its application portal for the $16.25 billion Shuttered Venue Operators Grant program Thursday but shut it down for repairs because of "technical difficulties" that prevented the platform from accepting applications. The SBA says it is temporarily shutting down the portal while it works with the platform's vendors to solve the problem.