Every week in Weekend Studying For Monetary Planners, we search to convey you synopses and commentaries on 12 articles overlaying information for monetary advisors together with subjects overlaying technical planning, follow administration, advisor advertising, profession improvement, and extra. And as 2024 attracts to a detailed, we needed to spotlight 24 of the most well-liked and insightful articles that have been featured all year long (that you simply might need missed!).
We begin with a number of articles on retirement planning:
- Why contemplating a shopper’s retirement time horizon and spending flexibility may result in extra correct (and infrequently greater) 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 might help shoppers mitigate them
- Sensible issues for advisors when partaking in (partial) Roth conversions, from assessing the “efficient marginal charge” paid on the conversion to deciding when throughout the 12 months to finish the conversion(s)
From there, now we have a number of articles on tax planning:
- How monetary advisors might help shoppers keep away from (more and more punitive) estimated tax penalties, resembling 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 totally different earnings ranges can have an effect on varied subsidies and tax credit
- Why the tax advantages of investing in 401(okay)s in comparison with taxable brokerage accounts may not be as vital as is perhaps assumed in sure circumstances
We even have plenty of articles on money stream 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 shopper spending and life satisfaction
- The right way to determine how a lot to spend on a trip, from planning out a 12 months’s price of journeys upfront to being conscious of “luxurious creep'”
Subsequent, now we have just a few articles on property planning:
- 5 ways in which shoppers can simplify their property to make sure that their targets are met and that they do not create further stress for his or her survivors
- How making a “digital death-cleaning” plan may give a shopper 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” could be a tax-efficient option to give cash to family members, it comes with a spread of potential issues, from the sustainability of the giver’s monetary plan to the potential intra-family battle it may trigger
We proceed with three articles on insurance coverage planning:
- How advisors might 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 relating to Medicare, from underestimating bills to lacking vital deadlines, and the way advisors might help stop them
- How monetary advisors might help shoppers consider the medical insurance choices accessible in early retirement, from staying on their earlier employer’s plan via COBRA to acquiring a (probably sponsored) plan on their state medical insurance alternate
From there, now we have a number of articles on monetary advisor advertising:
- Monetary advisory trade veteran Joe Duran presents a four-part framework for advisors to attain larger natural progress within the years forward
- How advisors can successfully ask for shopper 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 closing articles, all about follow administration:
- A seven-step course of for constructing an environment friendly, thriving advisory follow, which begins with the agency proprietor crafting a imaginative and prescient for what they need their shopper base and private life-style to seem like
- 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 may very well be extra vital than portfolio efficiency for monetary advisors relating to shopper retention
Thanks for letting us be part of your studying listing every week and we’ll sit up for highlighting extra insightful articles in 2025!
