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 improvement, and extra. And as 2024 attracts to a detailed, we needed to spotlight 24 of the most well-liked and insightful articles that had 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 infrequently greater) protected withdrawal charges than the less complicated “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 purchasers mitigate them
- Sensible issues for advisors when participating in (partial) Roth conversions, from assessing the “efficient marginal charge” paid on the conversion to deciding when in the course of the 12 months to finish the conversion(s)
From there, we’ve got a number of articles on tax planning:
- How monetary advisors may also help purchasers keep away from (more and more punitive) estimated tax penalties, equivalent 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 good points with partial Roth conversions, to being conscious of how totally different revenue ranges can have an effect on varied subsidies and tax credit
- Why the tax advantages of investing in 401(ok)s in comparison with taxable brokerage accounts won’t be as important as is perhaps assumed in sure circumstances
We even have numerous articles on money move planning:
- 5 methods that may assist monetary advisors give hesitant purchasers ‘permission’ to spend extra in retirement
- Why the connection between spending and happiness isn’t linear, and what this phenomenon means for consumer spending and life satisfaction
- The way to determine how a lot to spend on a trip, from planning out a 12 months’s value of journeys prematurely to being conscious of “luxurious creep'”
Subsequent, we’ve got just a few articles on property planning:
- 5 ways in which purchasers can simplify their property to make sure that their targets are met and that they do not create extra stress for his or her survivors
- How making a “digital death-cleaning” plan can provide a consumer peace of thoughts that their digital affairs can be so as after their deaths and ease the burden on their survivors within the course of
- Whereas offering a “dwelling 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 purchasers 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 with regards to Medicare, from underestimating bills to lacking essential deadlines, and the way advisors may also help forestall them
- How monetary advisors may also help purchasers consider the medical health insurance choices out there in early retirement, from staying on their earlier employer’s plan by COBRA to acquiring a (doubtlessly backed) plan on their state medical health insurance change
From there, we’ve got a number of articles on monetary advisor advertising and marketing:
- Monetary advisory trade veteran Joe Duran affords a four-part framework for advisors to realize better 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 last 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 life-style to appear 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 essential than portfolio efficiency for monetary advisors with regards to 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!
