News & Updates
CFP Board Requests Comments on Revised Standards
CFP® Board Updates The CFP Board recently announced they are asking for comment on the revised Sanction Guidelines and Fitness Standards. The CFP Board and its board members encourage comments to ensure the proposed revisions echo feedback and insights from CFP® Professionals. The proposed revisions are based on a comprehensive review of the Sanction Guidelines…
Read MoreEarly Retirees—Alternatives to Medicare, Part III
Good to Know This article is part III of a IV-part series to help early retirees make informed healthcare coverage choices for the years before they’re eligible for Medicare. In Part I, we peeled back the onion on faith-based medical cost-sharing ministries. In Part II, we illustrated how Affordable Care Act (ACA) Policies can help.…
Read MoreEarly Retirees—Alternatives to Medicare, Part II
Good to Know This article is part II of a series to help early retirees make informed healthcare coverage choices for the years before they’re eligible for Medicare. Remember that the first article in this series described how faith-based medical cost-sharing ministries can offer cost-effective coverage for those clients willing to accept behavioral exclusions from…
Read More401(k) Plans and Same-Sex Couples
CFP® Certificants in the News Financial planning for same-sex couples is as important as planning for opposite-sex couples according to CFP Board. For context, the Supreme Court’s 2015 decision in Obergefell gave same-sex couples the right to marry and, once married, to enjoy the same rights as opposite-sex married couples. However, the new rights generally…
Read MoreHow Safe is Your Client’s Cash?
CFP® Certificants in the News CFP Board expects certificants to understand “safe haven investments” of cash. A safe haven in this context is an account with a low default risk, as in bank deposits guaranteed by the Federal Deposit Insurance Corporation (FDIC). You may have heard that cash deposited into a federally chartered bank is…
Read MoreHow Have You Planned for Healthcare Expenses?
Good to Know How will you cover your retirement healthcare costs if you retire before age 65? There may be more options than you think! Over the next few weeks, the author will highlight key alternatives for retirees too young to qualify for Medicare. This article, Part 1 of a series, will highlight the pros…
Read MoreCFP Board Announces Elizabeth Miller as 2024 CFP Board Chair-Elect
CFP® Board Updates In July, the CFP Board announced Elizabeth Miller, CFP® as its 2024 Chair-elect. She has previous experience with the CFP Board as a Board Director in 2020 and is a member of CFP Board Center for Financial Planning’s Campaign Development. Liz Miller, CFP®, CFA®, is the founder and President of Summit Place…
Read MoreLong-Term Disability Coverage Trap
Good to Know What’s worse than never accumulating wealth? Losing it after you’ve accumulated it! From that perspective, an underinsured long-term disability can zap a client’s wealth faster than the government can spend tax dollars. When, if ever, has your client reviewed their LTD insurance policy? They may be under the mistaken impression that the…
Read MoreThis Short Quiz Can Keep You Out of Trouble With CFP Board
CFP® Certificants in the News CFP Board reminds us of the duty to report ethical matters in their July Newsletter article—Focus on Ethics: Duty to Report Information to CFP Board. This brief quiz will test your understanding. True or False, a CFP® professional must report the following to CFP Board within 30 days? Being named…
Read MoreCan Your Clients Avoid Capital Gains Tax?
Good to Know Yes—even clients with a 6-figure income can pay no tax on long-term capital gains. Sound too good to be true? Read on to see how many of your current clients qualify. Long-Term Capital Gain (LTCG) Rates We tend to assume that clients with LTCG and an above-average income will pay at least…
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