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)
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.
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.
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.
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.
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.
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.