Financial Planning Magazine - November/December 2022

Year-end tax moves: Peaks and troughs

With markets down so far this year and persistent inflation back, certain tax-saving moves can be particularly useful.

Long maligned as spendthrift avocado toast eaters, millennials are now rapidly gaining wealth and looking for financial advice. Here's how advisors can draw them in.

Pro athletes and pop stars think their fame will last forever. Financial advisors need to plan for much shorter careers.

As college athletes begin cashing in and the diverse younger wealthy care more about values, two of the top wealth firms are meeting them where they're at.

It's virtually unheard of for financial services companies to go after their own lawyers, who wield immense power over their secrets. One expert calls it "playing with fire."

Research suggests that 25% of the population will spend at least an hour a day in the metaverse in just a few years, opening the door for scammers to find new marks.

Industry representatives fear DOL misclassification rule will lead to costly court battles

In a twist, recent class actions blame 401(k) advisors for not putting investors' money into higher cost, better performing investments.

An industry group contends that the commission is overestimating RIAs' control over outsourced services.

Investors tend to "chase yield" in tough economic times, but there's a price to that.

New rules on "portability" mean that a surviving spouse can lock in her deceased partner's exclusion years after exemption levels decrease come 2026.

The classic guideline emerged in the '90s as a simple template for retirement spending. But in an age of plummeting stocks and soaring inflation, can it still work?

ERC "mills" have come out of the woodwork to lure small business owners into taking a lucrative tax credit they don't qualify for. Here's what advisors need to know.

Young advisors have the fresh perspective needed to create inclusive firms that appeal to the evolving investor.

A good deed for an elderly neighbor reaps rewards — but as the infomercials say, "Wait, there's more!"

Digital thieves are leveling up, preying on the emails, texts and phones of planners — and their families — in a bid to rob or extort clients.