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 matters overlaying technical planning, observe administration, advisor advertising and marketing, profession growth, and extra. And as 2024 attracts to an in depth, we wished to focus on 24 of the most well-liked and insightful articles that had been featured all year long (that you just might need missed!).
We begin with a number of articles on retirement planning:
- Why contemplating a shopper’s retirement time horizon and spending flexibility might result in extra correct (and sometimes larger) protected withdrawal charges than the easier “4% rule”
- 4 distinctive dangers retirees face when drawing down their belongings, from sequence of returns threat to tax threat, and the way monetary advisors may also help shoppers mitigate them
- Sensible issues for advisors when partaking 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 have now a number of articles on tax planning:
- How monetary advisors may also help shoppers 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 positive aspects with partial Roth conversions, to being conscious of how totally 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 vital as could be assumed in sure circumstances
We even have various articles on money circulation planning:
- 5 methods that may assist monetary advisors give hesitant shoppers ‘permission’ to spend extra in retirement
- Why the connection between spending and happiness just isn’t linear, and what this phenomenon means for shopper spending and life satisfaction
- Learn how 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 have now a couple of 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 might 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 approach 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 on the subject of Medicare, from underestimating bills to lacking essential deadlines, and the way advisors may also help forestall them
- How monetary advisors may also help shoppers 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 sponsored) plan on their state medical health insurance change
From there, we have now a number of articles on monetary advisor advertising and marketing:
- Monetary advisory trade veteran Joe Duran gives a four-part framework for advisors to realize better natural development 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 ultimate 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 shopper 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 essential than portfolio efficiency for monetary advisors on the subject of shopper retention
Thanks for letting us be part of your studying record every week and we’ll stay up for highlighting extra insightful articles in 2025!