AICPA Personal Financial Planning (PFP)

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 9th 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. Don’t miss an episode – subscribe to our podcast series on iTunes! And leave us a review so we can continue bringing valuable and relevant content to you.

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. 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.

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. 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): 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. Don’t miss an episode – subscribe to our podcast series on iTunes and Pod-o-matic! And leave us a review so we can continue bringing valuable and relevant content to you.

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. Don’t miss an episode – subscribe to our podcast series on iTunes! 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 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 9th 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 9th 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): Jim Sullivan, CPA/PFS Category: Technical In this podcast, Jim Sullivan, CPA/PFS, discusses elder planning strategies and answers these questions: Why should you offer elder planning services to your clients? How has elder planning practice changed over the last decade? How can you help your clients navigate the complexities of elder planning? You can continue your learning on this topic by attending this webcast taking place next week (eligible for discounted CPE).  Also, stay tuned for the upcoming release of a new guide on this topic which will be part of The Adviser’s Guide to Retirement and Elder Planning series.  Stay in the loop with all PFP podcasts by subscribing to our channel on iTunes or Pod-o-Matic.

Guest(s): Bob Keebler, CPA/PFS 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 shares details on the provisions, specifically Notice 2019-07 and answers: When does real estate qualify as a trade or business for purposes of the 199A qualified business income deduction? 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.