News & Articles
Recent updates and the latest guidance for the Financial Planning Profession
White Paper: Social Security, The Next New Trend For Financial Professionals
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Social Security: Cost-of-Living Adjustments
Society of Financial Service Professionals | January 25, 2024To compensate for the effects of inflation, Social Security recipients usually receive an annual cost-of-living adjustment (COLA). According to parameters outlined in the Social Security Act (42 U.S.C. §415(i)), a 3.2% COLA is payable starting in January 2024....
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The Retirement Savings Contribution Credit and the Saver’s Match
Society of Financial Service Professionals | January 25, 2024The Retirement Savings Contribution Credit (Internal Revenue Code [I.R.C.] §25B)—commonly referred to as the Saver’s Credit—is a tax expenditure meant to encourage low- and moderate-income taxpayers to save for retirement....
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529 Plans: Learn the Tax and Financial Planning Benefits of College Savings
Society of Financial Service Professionals | January 25, 2024Like so many items these days, college is getting increasingly expensive. Starting to save early can be a big help, especially if you look at investment opportunities offering tax free growth....
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Distribution of IRS Audits by Income and Race
Society of Financial Service Professionals | January 25, 2024Some in Congress have expressed concern about who is audited and how that has changed over time....
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Has the Federal Reserve Achieved a Soft Landing in 2023?
Society of Financial Service Professionals | January 25, 2024Since the Federal Reserve (Fed) began raising rates in response to high inflation in March 2022, it has been trying to achieve a “soft landing”—a return to low inflation while maintaining moderate economic growth....
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The SECURE Act 2.0 and Its Impact on College Students and Recent Graduates
Society of Financial Service Professionals | December 04, 2023The SECURE Act 2.0 of 2022 made many changes that affect various segments of society, including young people. The purpose of this article is to address two major provisions of this new law which are meant to help college students as well as recent college graduates....
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The Benefits & Purpose of a Trust in Estate Planning
Society of Financial Service Professionals | December 04, 2023Clients frequently ask whether they should leave their assets in a trust. My answer: It depends....
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Don't Overlook Life Insurance in a Qualified Retirement Plan
Society of Financial Service Professionals | December 04, 2023Life insurance in its basic form is a death benefit to provide financial security to loved ones, those you care for or who are dependent on you — a way to instantly provide financial security. However, life insurance has evolved, taking on many forms and providing for many needs....
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Facing Fear and Building Confidence
Society of Financial Service Professionals | December 04, 2023How do you think confidence plays a role in overcoming fear and taking action? Have you ever practiced "fake it till you make it" to boost your confidence in a particular situation?...
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Family Office Regulation in Light of the Archegos Fallout
Society of Financial Service Professionals | December 04, 2023In late March 2021, Archegos Capital Management and its investment bank financiers started liquidating huge stock positions, causing significant turbulence in capital markets....
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