Good to Know
Financial Planner Update – The IRS Announces Inflation Adjustments for 2012
Financial planners should take note that the IRS recently announced inflation adjustments for 2012. In addition to increasing personal exemptions, standard deductions, and widening the tax brackets for income taxes, this will also raise the estate tax applicable exclusion amount to $5,120,000 (up from $5,000,000). The annual exclusion for gifts, however, will remain unchanged at…
Read MoreReport from the CFP Board Annual Conference
The CFP Board hosted its annual conference last week for directors of CFP registered education programs. Here are some of the highlights: The CFP Board is currently promoting a public awareness campaign to educate the public about the value of utilizing certified financial planner professionals. Much of the conference dealt with the new educational requirements…
Read MoreCFP Board Changes Education Component
Financial Plan Development Course The CFP Board is adding a new component to the educational component of CFP® Certification. Beginning in 2012, the new Financial Plan Development course will become required of all educational providers. The purpose of the new course, as stated by the CFP Board, is “… to require the financial planning student…
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