News & Articles
Recent updates and the latest guidance for the Financial Planning Profession
14 Digital Asset Risks To Remember
Society of Financial Service Professionals | June 20, 2023The more you understand the risks of your investment, the more effectively you can minimize their potential effects. Here are some common risks associated with digital assets....
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The Power of Becoming a Certified Financial Fiduciary: Unlocking Credibility, Trust, and Growth in Today's Financial Services Industry
Society of Financial Service Professionals | June 16, 2023In today's complex financial landscape, clients are increasingly seeking financial professionals who prioritize their best interests above all else....
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5 Benefits of Multi-Life DI to Share with Your Business Owner Clients
Society of Financial Service Professionals | June 16, 2023Multi-life doesn't have to be complicated. When talking to business owners, keep it simple....
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The Road Ahead: Vehicle and Related Credits from the Inflation Reduction Act
Society of Financial Service Professionals | June 16, 2023Many of the key tax pieces of the 2022 Inflation Reduction Act (IRA) involve revised or additional energy-related credits....
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529 Plan Funds can be rolled over into Roth IRAs
Society of Financial Service Professionals | June 16, 2023Tucked into the year-end federal spending package was a new provision allowing 529 Plan funds to be rolled over into Roth IRAs tax and penalty free....
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Funding Your Clients’ Living Legacy Dreams
Society of Financial Service Professionals | May 23, 2023A living legacy goes beyond simply leaving money to heirs; it’s about creating a lasting impact on the world, preserving core values, and ensuring that future generations benefit from your clients’ success and hard work....
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Employee Retention Strategies: Employer-Funded Deferred Compensation
Society of Financial Service Professionals | May 23, 2023Employer-funded deferred compensation is a sophisticated concept that is established with a select group of key employees....
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Relief for Reporting Required Minimum Distributions for IRAs for 2023
Society of Financial Service Professionals | May 23, 2023This notice provides guidance to financial institutions on reporting required minimum distributions (RMDs) for 2023....
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CRS In Focus Report: Central Bank Digital Currencies
Society of Financial Service Professionals | May 23, 2023The recent proliferation of private digital currencies or cryptocurrencies unsupported by any government authority, such as Bitcoin, has led to questions of whether the Federal Reserve (Fed) should create a central bank digital currency....
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Greenbook DéjàVu: Proposed Tax Increase on Wealthy
Society of Financial Service Professionals | May 23, 2023On March 9, 2023, the Biden Administration released its budget and tax proposals for FY 2024. Alongside the budget, the Treasury released its document further describing the revenue proposals in what is typically called the Greenbook....
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