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)

Social Security: Cost-of-Living Adjustments

Social Security: Cost-of-Living Adjustments

Society of Financial Service Professionals | January 25, 2024

To 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

The Retirement Savings Contribution Credit and the Saver’s Match

Society of Financial Service Professionals | January 25, 2024

The 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

529 Plans: Learn the Tax and Financial Planning Benefits of College Savings

Society of Financial Service Professionals | January 25, 2024

Like 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

Distribution of IRS Audits by Income and Race

Society of Financial Service Professionals | January 25, 2024

Some 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?

Has the Federal Reserve Achieved a Soft Landing in 2023?

Society of Financial Service Professionals | January 25, 2024

Since 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

The SECURE Act 2.0 and Its Impact on College Students and Recent Graduates

Society of Financial Service Professionals | December 04, 2023

The 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

The Benefits & Purpose of a Trust in Estate Planning

Society of Financial Service Professionals | December 04, 2023

Clients 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

Don't Overlook Life Insurance in a Qualified Retirement Plan

Society of Financial Service Professionals | December 04, 2023

Life 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

Facing Fear and Building Confidence

Society of Financial Service Professionals | December 04, 2023

How 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

Family Office Regulation in Light of the Archegos Fallout

Society of Financial Service Professionals | December 04, 2023

In 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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