The past decade was shaped in part by a rising stock market, falling investment costs and a growing focus on decumulation strategies. Meanwhile, planners sought to offer a more holistic set of services and tracked the evolution of fiduciary standards. This guide, available to PFP Section members, provides all you need to know for helping clients plan for the next decade in retirement.
Research has identified several biases that can prevent clients from maximizing their investment returns. This article examines the negative impact of three behavioral blind spots -- recency bias, loss aversion and confirmation bias -- and offers tips for dealing with each one.
Clients who make deductible contributions to their IRAs after age 70½ will experience a decrease in the amount of qualified charitable distributions they are allowed to make. A four-point method can be used to determine allowable QCDs.
Record stock market performance and a strong labor market have bolstered Americans' personal financial satisfaction to an all-time high. Here's how to make sense of the latest AICPA quarterly Personal Financial Satisfaction index -- and how its results could affect financial goals.
The FICO 10 credit scoring model accounts for consumers' debt levels. Estimates suggest that about 110 million consumers will have scores change by fewer than 20 points and that 80 million consumers will experience a change of at least 20 points.
The Internal Revenue Service has issued procedures that let qualifying former US citizens who have relinquished or current US citizens who plan to relinquish US citizenship comply with US income tax and reporting obligations without paying unpaid taxes and penalties. To qualify, failure to comply must be nonwillful.
Consulting is an attractive career option for experienced finance professionals who can provide valuable judgment to clients.
Microsoft is adjusting operations to be carbon negative by 2030 -- that is, the company will emit less carbon than it takes out of the environment. Microsoft has a range of tools to do this, including technology not yet commercially available.