News & Articles

Recent updates and the latest guidance for the Financial Planning Profession

White Paper: Social Security, The Next New Trend For Financial Professionals

Free White Paper: Become the trusted advisor retirees turn to for Social Security help. Download our White Paper to learn why advisors with Social Security expertise are in an excellent position to add value to their client relationships.

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Sponsored by: The National Association of Registered Social Security Analysts (NARSSA)

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Are ILIT Trustees Ignoring UPIA Section 2(c)(2)?, Part 2

Society of Financial Service Professionals | February 01, 2023

In part 2 of the two-part article, author and editor, Gary Flotron, explores why trustees are ignoring the duty to protect the purchasing power of trust assets as prescribed by UPIA Section 2(c)(2) when it comes to life insurance. In addition, he explores the broader question of why trustees are ignoring almost all UPIA duties......

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Are ILIT Trustees Ignoring UPIA Section 2(c)(2)?, Part 1

Society of Financial Service Professionals | February 01, 2023

The Uniform Prudent Investor Act (UPIA) stipulates how trustees should perform their fiduciary duties in managing trust assets. Section 2(c) of UPIA provides criteria that the trustee must consider in investing and managing trust assets, including, “the possible effect of inflation or deflation.” In other words, the trustee must protect the purchasing power of assets.......

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Step-Up in Basis in a Distribution from an Irrevocable Grantor Trust

Society of Financial Service Professionals | February 01, 2023

For many planners, the ability to get a stepup in basis for income tax purposes is of more importance than estate tax concerns.The reason for this is that, with the very large exemption/credit amounts, relatively few estates pay estatetax. On the other hand, the assets of all decedents can potentially receive a step-up in basis......

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Cybersecurity Program Best Practices

Society of Financial Service Professionals | February 01, 2023

ERISA-covered plans often hold millions of dollars or more in assets and maintain personal data on participants, which can make them tempting targets for cyber-criminals. Responsible plan fiduciaries have an obligation to ensure proper mitigation of cybersecurity risks.The Employee Benefits Security Administration has prepared the following best practices for use by recordkeepers and other service......

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Protect Your Employee Benefit Plan With An ERISA Fidelity Bond

Financial Executives International | February 01, 2023

The Employee Retirement Income Security Act (ERISA) sets rules and standards of conduct for private sector employee benefit plans and those that invest and manage their assets. The provisions of ERISA, which are administered by the U.S. Department of Labor, were enacted to address public concern that funds of private pension and other employee benefit......

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Introduction to Financial Services: Capital Markets

Society of Financial Service Professionals | January 27, 2023

This In Focus provides an overview of U.S. capital markets, Securities and Exchange Commission (SEC) regulation, and related policy issues.Market CompositionCapital markets are where securities such as stocks and bonds are issued and traded. U.S. capital markets instruments include (1) stocks, also called equity or shares, referring to ownership of a firm; (2) bonds, also......

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Why Is Everyone Talking about I Bonds?

Society of Financial Service Professionals | January 27, 2023

Series I bonds have been one of the hottest investments over the last year. An I bond is a United States savings bond meant to keep investment returns up with current inflation. Series I bonds are considered low risk because they are backed by the U.S. government’s full faith and credit, and their redemption value cannot decline.......

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Who Should Invest in Indexed Annuities?

The National Association of Registered Social Security Analysts (NARSSA) | January 27, 2023

Indexed annuities are most appropriate for individuals who want to earn a higher stock market return but are unwilling to invest directly in the market because they fear losing their money. Typically, retired investors or those nearing retirements fit this category.Indexed annuities are most appropriate for individuals who want to earn a higher stock market......

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Do ETFs Belong in Tax-Advantaged Accounts?

Society of Financial Service Professionals | January 27, 2023

Exchange-traded funds started with SPY in 1993. Thirty years later, the advantages over mutual funds have proven overwhelming. Innovations include ETNs, active ETFs, and other exchange-traded products. Advisors must understand the technical differences between these funds that significantly impact client results.Most advisors are aware of the advantages of exchange-traded funds (ETFs) over equivalent mutual funds......

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Help Your Clients Preserve Their Assets under Management

Society of Financial Service Professionals | January 27, 2023

Interest in home equity conversion mortgage (HECM) and reverse mortgage products has grown. Financial planners are looking at their client's housing wealth more and more as another option for retirement income, especially now with rising inflation affecting us all. When clients utilize their home equity in down markets, they decrease the risk of running out......

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