Every week in Weekend Studying For Monetary Planners, we search to carry you synopses and commentaries on 12 articles overlaying information for monetary advisors together with matters overlaying technical planning, observe administration, advisor advertising and marketing, profession growth, and extra. And as 2024 attracts to a detailed, we needed to spotlight 24 of the preferred and insightful articles that have been featured all year long (that you simply may need missed!).
We begin with a number of articles on retirement planning:
- Why contemplating a consumer’s retirement time horizon and spending flexibility might result in extra correct (and sometimes larger) secure withdrawal charges than the easier “4% rule”
- 4 distinctive dangers retirees face when drawing down their property, from sequence of returns danger to tax danger, and the way monetary advisors may also help shoppers mitigate them
- Sensible issues for advisors when participating in (partial) Roth conversions, from assessing the “efficient marginal price” paid on the conversion to deciding when throughout the yr to finish the conversion(s)
From there, we now have a number of articles on tax planning:
- How monetary advisors may also help shoppers keep away from (more and more punitive) estimated tax penalties, comparable to figuring out the quantity they owe and leveraging methods to pay the taxes effectively
- 12 tax planning rules for early retirees, from balancing the 0% long-term capital positive factors with partial Roth conversions, to being conscious of how completely different earnings ranges can have an effect on numerous subsidies and tax credit
- Why the tax advantages of investing in 401(okay)s in comparison with taxable brokerage accounts may not be as important as may be assumed in sure circumstances
We even have quite a lot of articles on money movement planning:
- 5 methods that may assist monetary advisors give hesitant shoppers ‘permission’ to spend extra in retirement
- Why the connection between spending and happiness shouldn’t be linear, and what this phenomenon means for consumer spending and life satisfaction
- The right way to determine how a lot to spend on a trip, from planning out a yr’s price of journeys upfront to being conscious of “luxurious creep'”
Subsequent, we now have a couple of articles on property planning:
- 5 ways in which shoppers can simplify their property to make sure that their objectives are met and that they do not create extra stress for his or her survivors
- How making a “digital death-cleaning” plan may give a consumer peace of thoughts that their digital affairs shall be so as after their deaths and ease the burden on their survivors within the course of
- Whereas offering a “residing inheritance” generally is a tax-efficient strategy to give cash to family members, it comes with a variety of potential issues, from the sustainability of the giver’s monetary plan to the potential intra-family battle it might trigger
We proceed with three articles on insurance coverage planning:
- How advisors may also help shoppers select between conventional long-term care insurance coverage insurance policies and hybrid insurance policies that mix long-term care protection with life insurance coverage
- 5 errors people make in terms of Medicare, from underestimating bills to lacking vital deadlines, and the way advisors may also help stop them
- How monetary advisors may also help shoppers consider the medical health insurance choices accessible in early retirement, from staying on their earlier employer’s plan via COBRA to acquiring a (doubtlessly backed) plan on their state medical health insurance alternate
From there, we now have a number of articles on monetary advisor advertising and marketing:
- Monetary advisory trade veteran Joe Duran presents a four-part framework for advisors to attain larger natural development within the years forward
- How advisors can successfully ask for consumer referrals with out coming off as too ‘salesy’
- How advisors can increase the relevancy and effectiveness of the “Calls To Motion” (CTAs) on their web site
We wrap up with three remaining articles, all about observe administration:
- A seven-step course of for constructing an environment friendly, thriving advisory observe, which begins with the agency proprietor crafting a imaginative and prescient for what they need their consumer base and private way of life to appear to be
- A step-by-step information to the method of shopping for or promoting an RIA, from the due diligence undertaken by each the customer and vendor to the authorized paperwork that may defend each events
- A survey indicating that being proactive with planning methods and communication could possibly be extra vital than portfolio efficiency for monetary advisors in terms of consumer retention
Thanks for letting us be part of your studying listing every week and we’ll stay up for highlighting extra insightful articles in 2025!
