AICPA Personal Financial Planning (PFP)

Guests: Brooke Salvini, CPA/PFS and Brian Gordon, CLTC The pandemic has highlighted the need to have plans in place for healthcare. You can add value to your clients by having conversations to help them understand their options for long term care. In this episode, Brooke Salvini, CPA/PFS, and LTC expert, Brian Gordon guide you through what you need to know such as: New criteria used for the application process Available options when premium costs go up Questions to ask when reviewing policies Making claims on policies Tax free exchanges to repurpose money Access the related resources from this podcast: Part one of the importance of addressing long-term care planning - https://www.aicpa.org/interestareas/personalfinancialplanning/cpeandevents/learning-library.html The Adviser's Guide to Retirement and Elder Planning: Financing Retirement Healthcare - https://www.aicpa.org/interestareas/personalfinancialplanning/resources/retirementplanning/longtermcare.html This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS Credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Brooke Salvini, CPA/PFS and Brian Gordon, CLTC Whether you have clients who are currently receiving care or planning for their long-term health and finances, you can guide them by understanding the LTC insurance industry and how the landscape is changing as a result of COVID-19. You'll be better informed as you listen to Brooke Salvini, CPA/PFS, and LTC expert, Brian Gordon, discuss: What insurance companies are doing differently when underwriting policies as a result of COVID-19 Balancing how much to self-fund and how much to insure The sweet spot for timing to purchase a long-term care policy The types of policies and the must-have features to help your clients find the right fit Access the related resource from this podcast: The Adviser's Guide to Retirement and Elder Planning: Financing Retirement Healthcare https://www.aicpa.org/interestareas/personalfinancialplanning/resources/retirementplanning/longtermcare.html This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS Credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Steve Siegel, JD, LLM The coronavirus pandemic highlights the importance of estate planning, regardless of wealth. As your client's most trusted adviser, it's important to initiate discussions to ensure their planning is in order. In this episode, Steve Siegel walks you through the core concepts, including: Documents everyone should have in place The importance of reviewing beneficiary designations Considerations for college-age children Dangers of boiler plate healthcare directives in light of the pandemic Aspects to consider when appointing POAs, executors, trustees, and guardians Access the related resource from this podcast: The in-depth Adviser's Guide to Financial and Estate Planning (www.aicpa.org/pfpguides) This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS Credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Don't miss an episode. Subscribe to our podcast series on iTunes, Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Ted Sarenski, CPA/PFS If you're looking for one of the best tax deals around, look no further than a HSA for its trifecta of benefits. Contributions are tax deductible, growth is tax free, and qualified withdrawals are not taxable. Explore the ins and outs of HSAs and why they should be considered for every retirement plan in this PFP Section podcast episode brought to you by Ted Sarenski, CPA/PFS. Learn: How to use HSAs as a powerful vehicle for retirement savings How HSAs integrate with your overall financial plan What happens if you are no longer employed What you need to know about the 2020 rules Access the related resources from this podcast: Be prepared to best serve your clients with The Adviser's Guide to Retirement and Elder Planning (www.aicpa.org/pfpguides), a 4-part series covering these important client planning decisions. Hone your skills in all areas of personal finance with your CPA/PFS credential (aicpa.org/pfs). This episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS Credential program (www.aicpa.org/pfs), which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Don't miss an episode. Subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Be prepared to shift some of your tax and financial planning strategies if there is a change in administration with the coming election. Learn about tax policy themes and potential planning opportunities from Bob Keebler, CPA/PFS, including: Payroll taxes on high income earners Marginal tax rate and the capital gains rate for high income individuals Basis step-up at death and other estate and gift tax rules Non-qualified and incentive stock options and deferred compensation Planning strategies to consider now and post-election to best serve your clients Access the related resources from this podcast: Proactive Planning Toolkit for resources, guides, podcasts, and charts from Bob Keebler - www.aicpa.org/pfp/proactiveplanning PFP News delivered to PFP and PFS member inboxes on Wednesdays Post-election year-end planning webcast on November 10th - https://www.aicpa.org/pfp/events The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode. Subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Jonathan Blattmachr, Esq. In this episode, learn what happens when a client gifts and sells property to an intentionally defective grantor trust and passes away 15 years later. Bob Keebler and Jonathan Blattmachr discuss the following topics related to the basis of the property: How is the basis of property determined? What are exceptions to the income tax free step-up in basis rule? Why is an installment sale to a grantor trust so powerful? What do proposed regulations say about the tax-free step up in basis and what may happen post-election? Access the related resources from this podcast: The in-depth Adviser's Guide to Financial and Estate Planning – www.aicpa.org/pfpguides Learn more about the installment sale to a grantor trust strategy in the podcast, How to help clients take advantage of low interest rates – www.aicpa.org/pfp/library The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS The potential for imminent estate tax law changes coupled with a low interest rate environment makes this an opportune time to transfer wealth. Bob Keebler goes in-depth with responding to the following questions that will help you help your clients: Why do you need to start educating clients now about how to protect their estate and gift tax exemption? What is the most powerful transaction you can use to transfer wealth right now and how does this compare to a GRAT? How do you balance bet to live and bet to die strategies? When are dynasty trusts, private annuities, and split-dollar life insurance effective planning strategies? Access the related resources from this podcast: Slides that accompany this video podcast The Proactive Planning Toolkit - www.aicpa.org/pfp/proactiveplanning The Adviser's Guide to Financial and Estate Planning - www.aicpa.org/pfpguides Other estate planning resources like Steve Oshin's planning charts at www.aicpa.org/pfp/estate The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Lyle Benson, CPA/PFS & Susan Bradley, founder of Financial Transitionist® Institute Your clients look to you for more than just numbers. You can help them through the human and personal dynamics of transition. Lyle Benson CPA/PFS, facilitates a conversation with Susan Bradley on how to skillfully help clients move through the pandemic. You will learn: What is the financial transition model you can use with clients? What are three questions to ask your clients in the midst of transition? How can you effectively guide a client from what was to what will be? How do you put together the two sides of money – technical and personal – to guide decision-making for your client? Access the related resources from this podcast: Slides that accompany the podcast Key takeaways from AICPA Personal Financial Planning Summit 2020 Planning ideas and more during the pandemic - https://www.aicpa.org/pfp/covid19 Learn more about Susan's Financial Transitionist® Institute - https://financialtransitionist.com/ The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Julie Papievis and Jim Sullivan, CPA/PFS With the first wave of baby boomers turning 75 and 6 million Americans impacted by Alzheimer's disease, it is important to understand the physical, mental, and financial nuances. As a CPA financial planner, you can give your aging clients and their families peace of mind as they embark on this daunting journey. In this episode, Julie Papievis will guide you to help your clients by answering the following questions: What is Alzheimer's disease and its pathology and progression? How do you create a Care Budget and a Care Balance Sheet as part of your client's financial plan? What skills will help you bring value to your newly diagnosed client and their family? Access the related resources from this podcast: Read the write-up created by Jim Sullivan, CPA/PFS, that accompanies this podcast. Visit the Alzheimer's Association at www.alz.org. Find the Adviser's Guide to Retirement and Elder Planning at www.aicpa.org/pfpguides. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Jonathan Blattmachr, Esq. The elimination of the ability to stretch IRA and qualified plan distributions over the life of the beneficiary has made effective planning a bit more challenging. In this episode, learn from Bob Keebler and Jonathan Blattmachr as they explore the SECURE Act's 10-year rule and planning strategies for your clients, including: Using CRUTs or NIMCRUTs to simulate a payout that is longer than 10 years Considerations for planning with trusts and s-corporations How to create a plan that gives your clients flexibility and opportunities How to calculate the math and determine the timing of these planning strategies Access the related resources from this podcast: SECURE Act resources, podcasts, and charts from Bob Keebler in the Proactive Planning Toolkit 10th edition of The Adviser's Guide to Financial and Estate Planning updated for SECURE Article analyzing the CRUT and NIMCRUT strategy The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Sandra Truitt, AICPA PFP Team Calling all PFP Section members! Are you looking for tips and tricks for diving into your PFP Section benefit suite? Look no further than this podcast episode featuring Sandra Truitt from the AICPA PFP team. She will give an A-Z overview of your benefits including: Quick tips for getting started Resources included with membership Ways to stay current and in the loop Opportunities to connect with peers and the AICPA team Can't-miss ideas for using the tools included Access the related resources from this podcast: Make the most of your PFP Section benefits brochure Slides to accompany the podcast PFP Section website training videos Broadridge training videos CPA/PFS pathway information The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Ross A. Riskin, DBA, CPA/PFS, CCFC, MS Tax The coronavirus pandemic brought major changes to higher education. From where to attend classes to exploring the upcoming financial aid filing season, there are a lot of important factors to think through right now. Hear from professor and education planning expert, Ross Riskin, CPA/PFS, in this podcast as he shares new strategies around: • Using 529 plan distributions for room and board when a child is living at home • What to know about the FAFSA process for the fall semester • CARES Act relief provisions and planning strategies for student loan repayments • Deeper education planning questions that go beyond finances Access the related resources from this podcast: • The Adviser's Guide to Education Planning: covers how to get started, tax planning considerations, and special planning considerations for high net worth individuals, business owners, divorced couples, and grandparents. (Free Excerpt) • Coronavirus (COVID-19) personal financial planning resources The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Lyle Benson, CPA/PFS, and Susan Bradley, CeFT®, CFP® The emotions underlying decisions can create confusion in times of major transition like the pandemic. In this podcast, you will walk away with gems to help you have better conversations with your clients that lead to action with purpose. Tune in as Lyle Benson interviews life transition expert Susan Bradley: What are the four stages of transition and how you can you support your clients through each? What are the most effective questions to help clients discover their purpose? And what question might you want to avoid? Why is having a structured conversation so important and what tools can help facilitate? Access the related resources from this podcast: Diagrams highlighting the four stages of transition and the personal and technical side of money Purpose, method, outcome (PMO) worksheet to structure and facilitate conversations with clients Broadridge Advisor's Life Events Resource Center (available for PFP Section members) The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Erin Scheithe Losing money or property to fraud can be devastating. While scammers' exploitation tactics are familiar, the pandemic may lead to an increased likelihood that your clients will fall for them. In this episode, learn about coronavirus specific fraudulent schemes that you can share with your clients. Erin Scheithe with the Consumer Financial Protection Bureau answers questions to help you protect your clients: Who is the target of coronavirus-related scams? What are the red flags you should look for? Who should you turn to if one of your clients has been scammed? Access the related resources from this podcast: Consumer Financial Protection Bureau's coronavirus and older adult resources Content for financial planning professionals Content for forensic professionals The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Ted Sarenski, CPA/PFS During the coronavirus pandemic, you have witnessed uncertainty with personal finances and the anxiety that has come with even the best-laid plans. What can you do today to help your clients gain comfort and clarity? You can help them with their Social Security planning decisions. In this episode, learn from Social Security expert Ted Sarenski, CPA/PFS, as he shares key insights that will help you help your clients, including: Expectations for next year's Trustees of Social Security and Medicare trust funds report Tips to keep age 62 clients going who are now unemployed or earning much less Decision-making formula for preserving Social Security benefits Considerations for married couples, surviving spouses, and families Social Security outlook for those under age 60 Access the related resources from this podcast: The 2020 Trustees of Social Security and Medicare trust funds report Ted Sarenski's guide to Social Security planning The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Jim Sullivan, CPA/PFS Client 65+ and those with certain medical conditions are at higher risk for contracting COVID-19. If they are affected by the virus, you can help them understand their increased Medicare benefits put in place by the Centers for Medicare and Medicaid Services. In this episode, learn from Jim Sullivan, CPA/PFS, as he answers questions about the changes to Medicare benefits like: What testing and treatment does Medicare cover for COVID-19? How have telemedicine services been expanded? If a vaccine is approved, will it be covered by Medicare? How have the special rules for Medicare coverage for a skilled nursing facility changed? Can beneficiaries obtain extended supplies of prescription medications? What if out-of-network care is needed? What to consider with Medicare Advantage plans? Access the related resources from this podcast: Read Jim's write-up that accompanies this podcast here. Find out more about what services are covered: https://www.medicare.gov/coverage Access The Adviser's Guide to Retirement and Elder Planning: https://www.aicpa.org/pfpguides Visit https://www.aicpa.org/pfp/covid19 to find resources and information about planning during the pandemic. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Robert Keebler, CPA/PFS Do you have clients who have had coronavirus-related health or financial issues? The CARES Act retirement plan and IRA provisions may be able to provide them with cash flow relief. Use your deep tax knowledge as a CPA financial planner to help your clients make smart planning moves now. Be sure to follow along with the slides included in the resources as you learn from Bob Keebler, CPA/PFS, in this episode. He answers questions from Sections 2202 and 2203 of the CARES Act, including: What are the rules for retirement plans and IRAs? What qualifies as a coronavirus-related distribution? What is the tax impact of taking a coronavirus-related distribution? What are the loan relief provisions? Are employers required to adopt the distribution and loan rules? What planning opportunities should you consider and when should you exercise caution? Access the related resources from this podcast: Find the slides to follow along with the podcast here. Read the IRS FAQs that provide more clarity - https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers. Visit the COVID-19 section of our PFP Learning Library (aicpa.org/pfp/library) to find related podcasts on RMDs and Roth IRAs. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Lyle Benson, CPA/PFS Has your client contact increased significantly during the pandemic? Do you wonder how other CPA financial planners are adding value and communicating with clients during this time? CPAs have provided the calm in the storm for their clients and have shifted their ways of doing business to meet changing client needs. Learn from Lyle Benson, CPA/PFS, as he shares insights from his study group of leading CPA financial planners such as: What is the most important message to make sure your clients hear? What are the fears and challenges that are top of mind for clients and how can you address them? What are ways you can add value as a CPA financial planner? What are the unique planning opportunities you can consider with your clients now? What reflections questions will help you and your clients think about how you'd like life to look as we come out of the pandemic? And much more Access the related resources from this podcast: Visit www.aicpa.org/pfp/covid19 to find a client letter shared by Lyle that includes reflection questions. You will also find on-demand learning from top experts covering planning strategies mentioned in the podcast. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Chris Hesse, CPA Under the CARES Act, you may be able to help your relevant business owner clients with their cash flow needs. This can be done by generating refunds from net operating losses (NOLs). As a CPA financial planner, use your deep tax knowledge to help clients benefit from this opportunity. Learn from experts Bob Keebler, CPA/PFS, and Chris Hesse, CPA, in this PFP podcast episode as they explore: What is the excess business loss provision in IRC Section 461(l) and how does it work? How does the CARES Act impact IRC Section 461(l)? What should clients who were limited in the deductibility of their business losses in 2018 do now? What forms do you file and what are the mechanics of filing for the NOL carryback provision? What's the number one hurdle you face to get the net operating loss filed and what are the viable alternatives to consider? Access the related resources from this podcast: Visit www.aicpa.org/sba for information on the Paycheck Protection Program. Visit www.aicpa.org/pfp/covid19 to find personal financial planning resources. Visit www.aicpa.org/covid19tax.html to find tax guidance. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Ken DeGraw, CPA/PFS, CFF Some of your business owner clients may be worried about their business with everything that is happening. As a CPA financial planner, be the trusted adviser your clients are looking for by listening and guiding clients who might be considering bankruptcy. Learn from experts Bob Keebler and Ken DeGraw in this PFP podcast episode and discover: What are the unintended consequences of filing for bankruptcy? What are the viable alternatives to consider? Should clients tap into retirement assets? What team of experts should come together? And much more Access the related resources from this podcast: Visit aicpa.org/pfp/covid19 to hear from experts on financial planning strategies and more. Visit aicpa.org/covid19fvs for resources related to bankruptcy and more. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Mark Fichtenbaum, CPA, JD, LLM In this episode, Bob Keebler, CPA/PFS, interviews Mark Fichtenbaum, CPA, JD, LLM, one of the foremost experts in the country on the taxation of securities, about bond tax planning strategies to consider with your relevant clients during a volatile market with low interest rates: What are the tax planning opportunities when purchasing bonds that are trading at a premium? What are the planning opportunities if you already own a premium bond? How can you effectively and efficiently harvest losses on securities to offset capital gains from bonds? What are alternative planning strategies to avoid violating the wash-sale rules? What are the estate planning considerations for premium bonds where there is a step up in basis? What are some examples showing these tax strategies? Access the related resources from this podcast: Visit aicpa.org/pfp/proactiveplanning for more tax planning strategies and find Bob Keebler's decision charts updated for 2020. Visit aicpa.org/pfp/covid19 to find resources and information about planning during the pandemic. Visit aicpa.org/covid19tax to find tax guidance and more. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS With changes to Roth planning due to TCJA, the SECURE Act, and now the CARES Act and market volatility resulting from COVID-19, it's important to consider whether Roth conversions would be optimal to help your clients reach their long- term goals. In this episode, Bob Keebler, CPA/PFS, shares the nuances to consider when making decisions on whether to advise clients to convert to a Roth: Should your clients use their 2020 waived RMD dollars to fill up their lower tax brackets with a Roth conversion? What are the four principle reasons to convert to a Roth? How do Social Security and Medicare benefits factor into planning with Roth conversions? When should you consider life insurance rather than a Roth IRA? What strategies should you consider if your client is in a state estate tax scenario? Access the related resources from this podcast: Visit www.aicpa.org/pfp/proactiveplanning to find charts by Bob Keebler that can help with your Roth conversion decision making. Visit https://www.aicpa.org/pfp/covid19 to find resources and information about planning during the pandemic. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Ed Slott, CPA and Bob Keebler, CPA/PFS In the multitudinous legislation that is unfolding as a result of the coronavirus pandemic, the IRS has issued relief from taking required minimum distributions (RMDs) from IRAs and employer sponsored plans under the CARES Act. Bob Keebler, CPA/PFS, interviews Ed Slott, CPA, in this fast-paced, jam-packed episode about the impact of the CARES Act on RMDs: What is the new RMD rule under the CARES Act and how does it work? Who is eligible to waive the RMDs and who does it benefit? What are the tax planning strategies you should consider? How does this provision impact the 5-year rule and IRAs without a designated beneficiary? What if you already took your RMD and you don't need it? How do you piece together the various guidance and relief to understand the rules? Access the related resources from this podcast: Relief for Reporting Required Minimum Distributions for IRAs for 2020 - https://www.irs.gov/pub/irs-drop/n-20-06.pdf Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic - https://www.irs.gov/pub/irs-drop/n-20-23.pdf Time for performing certain acts postponed by reason of service in a combat zone or a federally-declared disaster - https://www.irs.gov/pub/irs-drop/rp-18-58.pdf Visit https://www.aicpa.org/pfp/covid19 to find a client alert that explains the highlights of the CARES Act, including relief for retirement plan provisions. Visit aicpa.org/covid19tax to find tax guidance and more. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Martin Shenkman, CPA/PFS, MBA, AEP (Distinguished), JD Increased health risks related to COVID-19, social distancing mandates, and the financial aspects of the CARES Act and other legislation has rapidly and dramatically changed the way CPA financial planners are practicing and serving their clients. There are practical considerations you can address and steps you can take in your practice to make sure you are providing the same high level of service with your clients' best interest in mind during these unprecedented and uncertain times. In this episode, Martin Shenkman, CPA/PFS, JD shares insights into: What are some programs you can use to effectively and efficiently communicate with clients? What should you say (and not say) in your messaging? What tools can you use to interact with clients in a virtual setting? How can you help your clients become comfortable with new technology tools you're implementing? What can you do to empower your clients during this time? What are effective ways to work remotely when it's new for you? How can you sign legal documents in a virtual environment? What should you consider when you're onboarding a new client in a virtual setting? Access the related resources from this podcast: The Personal Financial Planning Section's COVID-19 resource center- (aicpa.org/pfp/covid19) includes client facing materials, planning strategies, leg/reg updates and more. The PFP Learning Library (aicpa.org/pfp/library) includes podcasts and webcast recordings related to COVID-19 and the current environment. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Martin Shenkman, CPA/PFS, MBA, AEP (Distinguished), JD Increased health risks related to COVID-19 and the financial aspects of the CARES Act and other financial legislation – all during an election year, compounds the complexity of the tax and financial planning landscape. There are issues you can address and steps you can take with your clients to make sure they are protected. In this episode, Martin Shenkman, CPA/PFS, JD shares insights into: What are the estate planning basics that must be addressed, including important healthcare documents? What can you do to help your clients prepare their estates if there is a significant decrease in the estate tax exemption? How do you address the psychological impact of the current environment in the context of the financial plan? What are innovative planning techniques you can use to protect your clients in this unique environment? Access the related resources from this podcast: The Personal Financial Planning Section's COVID-19 resource center (aicpa.org/pfp/covid19) includes client facing materials, planning strategies, leg/reg updates and more. The PFP Learning Library (aicpa.org/pfp/library) includes podcasts related to COVID-19 and the current environment and will be updated with webcast recordings as they are available. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Chris Hesse, CPA In response to the coronavirus (COVID-19) pandemic, Congress has passed the anticipated Coronavirus Aid Relief and Economic Security Act (H.R. 748) to bring the resources of the federal government to protect the health and well-being of Americans. Join Bob Keebler, CPA/PFS, and Chris Hesse, CPA and chair of the AICPA Tax Executive Committee, as they discuss AICPA advocacy for the profession and some of the key provisions to help you connect the dots with your clients who own businesses such as: The payroll protection program, including who qualifies, where clients can get these non-recourse loans, what is covered, and the limits Loan forgiveness specifics and considerations for s-corporations and partnerships Employee retention credit and the interplay with loan forgiveness Deferral of employer portion of FICA tax and the interplay with borrowing Loosened provisions around net operating losses and quick refunds going back as far as 2018 And more Access the related resources from this podcast: Visit aicpa.org/pfp/covid19 for financial planning resources such as client-facing resources to put market volatility in perspective and planning strategies for your clients. Visit aicpa.org/covid19tax for tax resources such as client letters, tax impacts of COVID-19, and IRS guidance. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS In this episode, Bob Keebler, CPA/PFS, shares tax planning ideas that are important to consider with families of recent decedents amid record low oil prices and bond rates coupled with market losses, including: How can you leverage the loss harvesting strategy to tactfully offset gains over the next few years without violating the wash sale rules or your fiduciary responsibility? How do you create liquidity while coordinating with the alternative valuation date? When do you fund pecuniary clauses and how do you avoid funding with appreciated securities? Access the related resources from this podcast: Visit aicpa.org/pfp/covid19 to find financial planning strategies and client facing materials to navigate COVID-19. The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS and Dave Stolz, CPA/PFS Now is a time when many people are having anxiety about the current and future state of their investment portfolio. Those who have a good understanding of markets are confident that all will be well in the long term and will hold steady so they don't miss the market surge. For particularly nervous clients, it is important to communicate how their cash and investment portfolio are protected in a doomsday scenario, reinforcing your value and reassuring your clients that you have their best interest at the forefront of all you do. In this episode, Bob Keebler, CPA/PFS, interviews Dave Stolz, CPA/PFS, about ideas to consider with your clients to protect their portfolio during a volatile market, including: What are some effective ways to hold cash? How is your cash protected with FDIC insurance? What is SPIC insurance and how does it protect your investment accounts? How can you utilize T-bills in your portfolio? Should you consider gold and cryptocurrency? If you have a large tax liability, how do you keep your cash safe until the July 15 payment deadline? Access the related resources from this podcast: Podcast: Finding (and being) calm amid the chaos (www.aicpa.org/pfp/library) Resource hub (www.aicpa.org/pfp/covid19) for learning, articles, client-facing materials, and more related to planning amid COVID-19 The episode is brought to you by the AICPA's Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Health concerns related to COVID-19 are top of mind and finances are likely a close second. No one can control market volatility and often the portfolio advice during this time is to hold steady. However, there are proactive income tax planning techniques that work well in a volatile market, reinforcing your value and reassuring your clients that you have their best interest at the forefront of all you do. In this episode, Bob Keebler, CPA/PFS, shares ideas to consider with your clients during a volatile market, including: What factors should you consider with Roth conversions when the market fluctuates? How do you go about capital loss harvesting without violating the wash-sale rules? How can you make the most effective use of ISO and NSO exercise? Access the related resources from this podcast: Podcast recorded at the close of markets Friday, 2/28 Sample client message written by Sue Stevens, CPA/PFS Journal of Accountancy article on calming clients' fears during this time Journal of Accountancy article on business planning The AICPA coronavirus resource center Broadridge advisor alert compiles all materials on helping clients during market volatility Broadridge client alert encourages investors to put market turbulence into perspective Broadridge client alert looks at Coronavirus and the global economy Perspective in the Panic and Pandemic Perspectives client letters The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Susan Tillery, CPA/PFS and Dave Stolz, CPA/PFS COVID-19 is bringing much change and uncertainty to the world and it's important to find calm amid the chaos. No one can control market volatility, with fear being a major influencer on the fluctuations, though investment principles have not changed. In this episode, Susan Tillery, CPA/PFS, chair of the PFP Executive Committee, and Dave Stolz, CPA/PFS, chair of the PFS Credential Committee, share how they are putting their clients first – and in doing that, reinforcing the value of the CPA financial planner. They address the following questions: How are your clients reacting and what are you saying to them? What assurances can you give your clients about the market outlook and their financial plan? How do you interact with a particularly nervous client, family member or friend? What can CPAs do to lead and be a source of calm in this time of uncertainty? How do you take care of you so that you are your best for your clients and family? What are some ways that you can help others in your community? Access the related resources from this podcast: Podcast recorded at the close of markets Friday, 2/28 Sample client message written by Sue Stevens, CPA/PFS Journal of Accountancy article on calming clients' fears during this time Journal of Accountancy article on business planning The AICPA coronavirus resource center Broadridge advisor alert compiles all materials on helping clients during market volatility Broadridge client alert encourages investors to put market turbulence into perspective Broadridge client alert looks at Coronavirus and the global economy Perspective in the Panic and Pandemic Perspectives client letters The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Lyle Benson, CPA/PFS & Michael Goodman, CPA/PFS In this episode, Lyle Benson, CPA/PFS and Michael Goodman, CPA/PFS give you an inside look at AICPA PFP Summit, including: What makes PFP Summit unique and different Highlights from PFP Summit sessions and how can you implement them in your own practice, such as: Engaging with Generation Next Using mindfulness in your practice Measuring client satisfaction and where do you focus your energy on improvements Engaging clients in the planning process to act on their recommendations Building a growth element into your client services culture Envisioning your unique succession plan Attracting the right talent to build your team Communicating your value proposition Access the related resources from this podcast: Practice management resources from the AICPA PFP Section Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other PFP Summit sneak-peek podcasts! Cultivating mindfulness in your practice Team building for the next generation The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device

Guests: Michael Goodman, CPA/PFS In this encore* episode, Michael Goodman, CPA/PFS interview generation 2 (G2) members, Chris Benson and Eric Hehman, about succession planning for personal financial planners, including: The business models and background of each's succession planning experience How the succession planning process was initiated and what happened next Balancing formal and informal elements of the succession plan development Discussion of the timeline and shift in roles and responsibilities during transition The importance of open and honest communication with the G1 successee How succession fits with your life plan Lessons learned and actionable takeaways, including what G1 can do to strengthen the partnership with G2 during the transition process *This episode originally appeared on www.aicpa.org/pfp in August 2017. The nature of this content is still accurate and relevant and we hope you enjoy this series. Access the related resources from this podcast: Practice management resources from the AICPA PFP Section Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other succession planning podcasts! Succession planning: Q&A with David DeVoe Success tips from Generation 1 Success tips from Generation 2 The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: Bob Keebler, CPA/PFS, and Lyle Benson, CPA/PFS In this episode, recorded at the close of markets on February 28th, Lyle Benson, CPA/PFS, and Bob Keebler, CPA/PFS, discuss: How to communicate with clients during this uncertain time to bring them peace of mind and keep them focused on the long-term perspective and purpose of their investment strategy Income and estate planning techniques that work well in a volatile market and low interest rate environment, including Roth conversations, gain/loss harvesting, funding GRATs, IDGT sales, and more Other considerations such as alternative valuation dates for estates and life insurance reviews Access the related resources from this podcast: Use this Broadridge client alert to help clients understand the potential global economic impact and the recent US stock market pull back. Visit Broadridge Advisor and search "market volatility" to find other client-friendly resources. Read this example of a communication to help keep clients calm, written by Chris Benson, CPA/PFS. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Michael Goodman, CPA/PFS In this encore* episode, Michael Goodman, CPA/PFS interview generation 1 (G1) members– Lyle Benson, Beth Gamel, and Steve Levey^– about succession planning for personal financial planners, including: The business models and background of each's succession planning experience The genesis of the succession plan vision How advisors can overcome obstacles, like fear, in order to take the first steps toward succession planning The importance of succession planning to address the unexpected How each approached anticipated challenges and, in hindsight, what unanticipated challenges were surprising Advice for practitioners who want to move forward in the succession planning process *This episode originally appeared on www.aicpa.org/pfp in August 2017. The nature of this content is still accurate and relevant and we hope you enjoy this series. ^ Steve Levey has since passed away; yet, his legacy has impacted and benefited so many in our PFP Section community and are grateful for his contribution. Access the related resources from this podcast: Practice management resources from the AICPA PFP Section Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other succession planning podcasts! Succession planning: Q&A with David DeVoe Success tips from Generation 1 Success tips from Generation 2 ^ Steve Levey has since passed away; yet, his legacy has impacted and benefited so many in our PFP Section community and are grateful for his contribution. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guests: David DeVoe & Michael Goodman, CPA/PFS In this encore* episode, Michael Goodman, CPA/PFS interviews expert, David DeVoe, Founder and Managing Director, DeVoe & Company, about succession planning for personal financial planners, including: How David's practitioner perspective and his entrepreneurship led him to become an expert in succession planning for financial planners How succession planning has evolved and why industry demographics make it critically important The primary reasons why adoption of formal succession plans remains low The first steps to take toward creating a succession plan Creating a succession plan that aligns with the goals and objectives of your life plan What you need to know when the CPA firm is affiliated with an RIA firm The different approaches for internal succession versus external succession options The benefits of working with a succession planning firm *This episode originally appeared on www.aicpa.org/pfp in August 2017. The nature of this content is still accurate and relevant and we hope you enjoy this series. Access the related resources from this podcast: www.devoeandcompany.com Practice management resources from the AICPA PFP Section Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other succession planning podcasts coming soon!! ^ Steve Levey has since passed away; yet, his legacy has impacted and benefited so many in our PFP Section community and are grateful for his contribution. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device

Guest: Bob Keebler, CPA/PFS In this 40-minute in-depth episode, Bob Keebler CPA/PFS walks you through the mathematics of the SECURE Act, including: What are the three best solutions to address the 10-year rule that eliminates Stretch IRAs and how do you apply them? What are special circumstances you need to address and how do you apply the appropriate strategies? How do you run the numbers to determine the best strategies to use with your clients? Access the related resources from this podcast: Slide deck to complement the audio Impact of tax reform on planning toolkit Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other SECURE Act podcasts! Practical Solutions for your clients Eligible Beneficiary Exceptions IRAs payable to trusts IRAs payable to conduit trusts Mathematics of estate planning for IRAs Roth conversions and the proposed SECURE Act* A cure for the SECURE Act: using CRTs* *Recorded prior to SECURE Act passage but the strategies still apply The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients' financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the key tax and planning strategies to focus on for the families you serve? How can you use a disclaimer for 2019 deaths to use the life expectancy rules? What is the "ghost" rule and when does it apply? How can you use a conduit trust for effective estate planning? Access the related resources from this podcast: H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other SECURE Act podcasts! SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020) The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients' financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the post-mortem payout rules? What are the mathematical solutions and strategies to help clients simulate the stretch IRA? Access the related resources from this podcast: H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other SECURE Act podcasts! SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020) The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients' financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the requirements for a "safe haven" or conduit trust? How do you avoid a "conduit trust disaster"? When is it useful to use conduit trusts? Access the related resources from this podcast: H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other SECURE Act podcasts! SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020) The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients' financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What is the key issue with trusts under the SECURE Act? What is the "conduit trust disaster"? When is it useful to use conduit trusts? What are rules for beneficiaries and exception beneficiaries? Access the related resources from this podcast: H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other SECURE Act podcasts! SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020) The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients' financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the 5 eligible beneficiary exceptions under the provisions of the SECURE Act? What solutions using trusts should you analyze to help your clients? What does this mean for your clients in 2020 and beyond? Access the related resources from this podcast: H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Don't miss other SECURE Act podcasts! SECURE Act: Practical Solutions for your Clients (12/17/2019) Eligible Beneficiary Exception (1/10/2020) IRAs payable to trusts (1/17/2020) IRAs payable to conduit trusts (1/24/2020) Mathematics of estate planning for IRAs (1/31/2020) Estate Administration for IRAs and qualified plans (2/7/2020) The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS In T.D. 9884, the IRS finalized proposed regulations issued in November 2018 (REG-106706-18), amending Regs. Sec. 20.2010-1 to conform with the temporary increase in the basic exclusion amount for estate and gift tax enacted by the Tax Cuts and Jobs Act. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: What is the basic exclusion amount (BEA) and supplemental BEA? What are some examples showing the computation? What does this mean for your clients? Access the related resources from this podcast: IRS final regulations to update the life expectancy and distribution period tables Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler The Adviser's Guide to Financial & Estate Planning Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Nadine Gordon Lee, CPA/PFS, CFP®, Managing Director, Metro NY Offices & President, Colony Group Family Office Philanthropic planning is a unique opportunity for CPAs to help clients plan to use their wealth to support the public good. In this episode, Nadine Lee, CPA/PFS shares how you can help clients simplify and optimize gifting to charities by establishing donor advised funds. What are the top five reasons to use a donor advised fund? What are the tax opportunities you need to know about? How can clients use a donor advised fund to make a donation of cash/marketable securities? What are the unique opportunities to make a qualified donation using complex assets? Access the related resources from this podcast: Personal Financial Planning for Executives and Entrepreneurs: The Path to Financial Peace of Mind The Adviser's Guide to Financial and Estate Planning The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Robert Keebler, CPA/PFS The SECURE Act passes as part of a spending package and is expected to be signed into law by the President before the end of the year to avoid a government shutdown. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the important provisions of the SECURE Act that you need to know? What are the most urgent issues to address with your clients? What other solutions should you analyze to help your clients? What new "traps" should you look out for? What does this mean for your clients in 2020 and beyond? Access the related resources from this podcast: H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019 Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Robert Keebler, CPA/PFS After nearly 20 years since the current set of life expectancy tables were released by the IRS, the IRS released proposed regulations to update these tables for an increase in the average lifespan. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: What are the changes you need to know about? What is the impact on lifetime RMDs? What are the transitional rules? When do they become effective? What are the tax issues to consider? Access the related resources from this podcast: IRS proposed regulations to update the life expectancy and distribution period tables Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler The Adviser's Guide to Financial & Estate Planning Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Ryan Firth, CPA & Shehan Chandrasekera, CPA Virtual currency experts Ryan Firth, CPA and Shehan Chandrasekera, CPA will discuss what you need to know about the recent IRS revenue ruling on virtual currencies to help you advise your clients: What is virtual currency and cryptocurrency? What are hard forks and airdrops? What are the key takeaways from the IRS Q&A? What are the practical challenges you need to be aware of? How can you help your clients who transact in cryptocurrency? Access the related resources from this podcast: IRS Rev. Rul. 2019-24 Article: "IRS Revenue Ruling 2019-24: Hard Forks, Airdrops and Other Topics Related to the Taxation of Virtual Currency" by Ryan Firth How the IRS is Approaching Cryptocurrency Compliance: Updates from the IRS Chief Counsel New IRS Cryptocurrency Tax Guidance IRS and FinCEN clarify cryptocurrency reporting rules: Like-Kind Exchanges, Specific ID, FBAR, and Airdrops Podcast: Planning & tax considerations when transacting in virtual currency Webcast: IRS Guidance on Taxation of Virtual Currency Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify!. Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device.

Guest: Bob Keebler, CPA/PFS Significant tax law changes are still hot topics in media and political landscapes, and your clients are still scratching their heads wondering what these changes mean for them. Now is the time for you to guide them in planning for their financial future. In this episode, Bob Keebler, CPA/PFS will discuss year-end planning strategies to help you advise your clients: What education and gifting strategies are effective to leverage the advantages of 529 plans? What are the tax incentives for investing in qualified opportunity zones? Should your clients use the gift tax exemption before it sunsets by making large gifts before the end of 2025? Why you should start talking your clients about this now? How can you use trusts with state income tax planning strategies? What are the tax issues to consider? Access the related resources from this podcast: Don't miss part 1 of this podcast! Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Useful Estate & Decision Charts from Steve Oshins The Adviser's Guide to Financial & Estate Planning Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Bob Keebler, CPA/PFS Significant tax law changes are still hot topics in media and political landscapes, and your clients are still scratching their heads wondering what these changes mean for them. Now is the time for you to guide them in planning for their financial future. In this episode, Bob Keebler, CPA/PFS will discuss year-end planning strategies to help you advise your clients: What are the trade-offs for harvesting gains/losses and how can you determine the right decision for each client? What strategies can you use to plan for your clients to effectively itemize deductions? What is the donor advised fund and which types of clients should take advantage of this charitable giving strategy? What impact would the SECURE Act have on Roth conversions? What are the tax issues to consider? Access the related resources from this podcast: Don't miss part 2 of this podcast! Impact of Tax Reform on Planning Toolkit, including charts from Bob Keebler Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic or Spotify! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guests: Bob Keebler, CPA/PFS and Ed Slott General Electric is offering buyouts to about 100,000 pensioners and freezing the retiree payments for about 20,700 salaried pensioners, as part of the company's effort to shed debt as it faces pressure to improve its performance. In this podcast, Bob Keebler, CPA/PFS interviews Ed Slott to answer the questions: What are the key factors that CPA financial planners should consider for their clients who are impacted by the GE pension buyout? How will the conversation differ for each employee? Which clients should consider taking the lump sum buyout? What are the tax issues to consider? Access the related resources from this podcast: The Adviser's Guide to Retirement and Elder Planning Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device from your web browser or favorite podcast app.

Guest: Jimmy J. Williams, CPA/PFS The support, encouragement, and direction delivered through life coaching is an area where CPA financial planners can add tremendous value for clients by integrating it with the financial planning process. In this podcast, Jimmy J. Williams, CPA/PFS will share his life plan solution and answer the questions: Why you should include a process that helps your clients see the bigger picture than just the numbers? What is the life plan solution? How can you implement it in your client engagements? What are the actionable steps you can take now to get the conversation and planning process started with your clients? Access the related resources from this podcast: AICPA's Tax and Financial Planning Services hub Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program. Jimmy William's Live a Life by Design website & podcast The episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits. Don't miss an episode – subscribe to our podcast series on iTunes or Pod-o-Matic! Just search for "AICPA Personal Financial Planning" on any Apple, Android or Windows device from your web browser or favorite podcast app.