Every week in Weekend Studying For Monetary Planners, we search to deliver you synopses and commentaries on 12 articles overlaying information for monetary advisors together with subjects overlaying technical planning, follow 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 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 consumer’s retirement time horizon and spending flexibility might result in extra correct (and sometimes larger) secure withdrawal charges than the less complicated “4% rule”
- 4 distinctive dangers retirees face when drawing down their property, from sequence of returns threat to tax threat, and the way monetary advisors can assist purchasers mitigate them
- Sensible concerns for advisors when participating in (partial) Roth conversions, from assessing the “efficient marginal fee” paid on the conversion to deciding when throughout the 12 months to finish the conversion(s)
From there, we’ve got a number of articles on tax planning:
- How monetary advisors can assist purchasers keep away from (more and more punitive) estimated tax penalties, reminiscent of 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 completely different revenue 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 is perhaps assumed in sure circumstances
We even have a lot of 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 shouldn’t be linear, and what this phenomenon means for consumer spending and life satisfaction
- The best way to resolve how a lot to spend on a trip, from planning out a 12 months’s value of journeys upfront 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 further 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 “residing inheritance” generally is a tax-efficient solution to give cash to family members, it comes with a spread of potential concerns, 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 can assist 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 on the subject of Medicare, from underestimating bills to lacking necessary deadlines, and the way advisors can assist stop them
- How monetary advisors can assist purchasers consider the medical insurance choices accessible in early retirement, from staying on their earlier employer’s plan via COBRA to acquiring a (doubtlessly sponsored) plan on their state medical insurance alternate
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 attain higher natural progress 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 ultimate 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 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 client and vendor to the authorized paperwork that may defend each events
- A survey indicating that being proactive with planning methods and communication might be extra necessary than portfolio efficiency for monetary advisors on the subject 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!
