LIMELIGHT

 

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Kristy Archuleta, Danika Waddell: “SHIFT: Human First Financial Guidance,” Human First, March 19–20. Archuleta and Waddell will be speakers at this upcoming event.

Daniel Yerger: “Episode #350: From PSYOP Specialist to RIA Owner and All the Leveraging Opportunities in Between: A Conversation with Daniel Yerger,” XY Planning Network, Dec. 14. Yerger says of his transition from a broker-dealer to being an independent financial advisor, “… I thought I was going to burn up a quarter of my week going forward on compliance tasks and operations. I got 30% of my time back after the transition because once you’re working with a tech stack and a system and a process and compliance, all stuff that is by you, for you, it’s way easier than working through systems built for someone else to monitor you as … your way of doing business.

Brian Fry, Cheryl Morhauser, Jeff Stewart: “I’m a 61-year-old flight attendant who wants to retire at 70. I’ll have a $900 per month pension and will get Social Security, but only have $150K in my 401(k). Should I get professional help?” MarketWatch, Dec. 10. Fry discusses the benefit of delaying Social Security. Morhauser says, “You need to consider having a taxable investment or savings account in addition to your 401(k), which would allow for having cash to access at 70 when your pension begins and being able to delay taking required minimum distributions from the 401(k) until age 72.” Stewart says, “A financial planner can provide strategic Roth conversion advice on an annual basis, exposing taxable income to lower brackets now in lieu of higher brackets in the future, and they can manage exposure to higher income brackets when pulling from an IRA, while minimizing the risk of exposure of surplus Medicare premium surcharges.” 

Carolyn McClanahan, Taylor Schulte: “Kitces Financial Planning Value Summit 2022,” Nerd’s Eye View, Dec. 8. Event. McClanahan presented on “Creating Client Engagement Standards to Set Service Expectations and Attract the Right Prospects,” and Schulte co-hosted the summit. 

Sarah Ponder: “Are You Sure? Having the conversation with your partner about making the leap to entrepreneurship,” XY Planning Network, Dec. 7. Webinar. 

Rick Kahler: “How to Actually Enjoy the Holidays,” The New York Times, Dec. 7. Kahler suggests alternatives to lavish holiday meals. 

Valerie Rivera: “Younger Latinas Are Making Gains Toward Retirement Savings,” The New York Times, Dec. 2. Rivera says, “My clients are often the first in their families to be born in this country. They might be the first to go to college or the first to make more money than their parents.”

Cody Garrett, Andy Panko, Daniel Yerger: “The FPA Community Weighs in on… Future Trends,” Journal of Financial Planning, December. Garrett says, “I am most hopeful about financial planning becoming a distinct and separate service from investment management – both in reality and public perception. This would also mean that compensation for financial planning is tied to the services provided, not the assets managed.” Panko says, “Fee structures will increasingly move away from percent of AUM toward hourly, retainer, and flat fee (even when managing investments).”

Jessica Goedtel: “Episode #349: Serving Two Niches Successfully and the Added Value of Offering Tax Services: A Conversation with Jessica Goedtel,” XY Planning Network, Nov. 30. Goedtel says, “There’s a huge problem in the industry right now where tax law just gets more and more and more complex, and it just gets harder and harder and harder every year.”

Lazetta Rainey Braxton: “What to consider for your year-end portfolio review,” CBS News, Nov. 15. TV interview.

Stephen Craffen: “Why Clients Need Individual Bonds Today,” Rethinking65, Nov. 15. Craffen says, “… bonds will provide a decent yield for the first time in years. Unfortunately, those using bond funds and ETFs to gain exposure to fixed income have a rough road ahead. Although equity markets tend to recover quickly after significant declines, bond returns are purely based on math: their yield and the level of interest rates in relation to their yield, term to maturity and credit rating. Bond funds and ETFs may take years to recover and may not recover unless interest rates drop. We think this is a good argument for ditching those vehicles and considering owning individual bonds instead. We hope that inflation subsides, but fixed-income yields do remain at reasonable rates.”

Erik Baskin, Bryan Minogue: “Ask an advisor: Should I get a traditional or Roth 401(k)? My company offers both,” Financial Planning, Nov. 15. Baskin says, “This is a complex decision that relies on many inputs. To simplify, generally you want to make Roth contributions when you are in a relatively low lifetime tax bracket, and traditional contributions when you are in a relatively high lifetime tax bracket.” Minogue says, “As you start your career, you are in a relatively low tax bracket compared to where you likely will be in the future and even in retirement. As a result, it’s generally best to contribute to a Roth, taking the relatively low tax hit but allowing for tax-free withdrawals in the future.”