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Lazetta Rainey Braxton, Brooklyn Brock, Yonhee Choi Gordon: Women Advisor Summit. April 19. Braxton, Brock, and Gordon made presentations.
Ross Levin: “Retirement-Age Money Issues: Planners Weigh In on Your Questions,” The New York Times, April 6. Levin says, “I want to stress how anxiety-provoking it is to try to balance trying to put your kids through college and saving for retirement. It’s not good planning to jeopardize your own financial security.”
Kevin Cheeks, Chris Chen, Sarah Paulson: “ESG in advisors’ own words,” InvestmentNews, April 3. Cheeks says, “In the short term [the political attack on ESG] could be hurtful, as I suspect it may cause a lot of people to further entrench themselves in their own ideology based on what they think sustainable investing means or what they hear from their preferred candidate. However, over the long term, I think this could be a good thing.” Chen says, “The way that things are going, environmental issues will continue to worsen, and anti-environmentalist will look and feel more ridiculous all the time.” Paulson says, “The number of clients who do not care about losing some return potential as long as they are investing in companies that aren’t destroying the planet and/or society tells me ESG is here to stay. This generation understands that their money has power and they’re insistent on using it not just to help themselves, but also to affect change with it.”
Chris Chen, Danielle Harrison, and Kaleb Paddock: “I plan to retire at 62. I get $1,500 a month in rental income and have $200,000 in savings. Should I get a financial adviser to help me?” MarketWatch, April 1. Harrison says, “[The advisor] can look at your risk capacity and tolerance and make recommendations on how to best utilize your savings.” Paddock says, “Spend on the things that matter most to you while still wisely planning for life’s unexpected curveballs.”
Cody Garrett: “The FPA Community Weighs in on...Professional Development,” Journal of Financial Planning, April. Garrett says, “I am branching out to provide one-to-many resources and service to my niche, going beyond one-on-one financial planning. I want to scale the impact of my educational resources beyond formal client engagements.”]
Philip Herzberg: “Prenuptial Agreements and How They Affect Estate Planning,” Journal of Financial Planning, April. Herzberg says, “While a prenup might not sound romantic immediately before a marriage, safeguarding your clients’ financial future can make them happier than dealing with the stress from a potential economic and emotional nightmare. Notably, a prenup enables each of the parties contemplating marriage to decide their respective property rights by choice and consent, rather than relying on state law and relevant provisions.”
Warren Mackensen: “ProTracker Software Released Its New RMD Calculator & Tracking Assistant,” Press release, March 30. Mackensen says Version 9 of his ProTracker software “fully supports all levels of RMD computations under the SECURE Act 2.0.”
Chloe Moore: “Considerations for Creating a Virtual Financial Planning Practice,” eMoney, March 30. Moore says, “Owning a virtual financial practice has been ideal for me. It’s allowed me to structure my firm to meet my needs and expectations while providing the best possible service to my clients.”
Rianka Dorsainvil: “Here are a financial advisor’s 4 most important money tips for parents with young kids,” CNBC, March 24. Dorsainvil says, “There’s no loan for retirement. So while it’s super important for our clients to save for our children’s education, we want to make sure they’re putting their financial oxygen mask on first and that they’re saving for their own retirement.”
Carolyn McClanahan: “How Much Must Retirees Save for Healthcare?” Rethinking65, March 22. McClanahan says, “I always ask older people: ‘What is your secret?’ And the longevity studies say a big part of longevity is relationships.”
David Barfield, Ryan Greiser, Kevin Shuller: “Ask an advisor: Am I too rich for a Roth IRA?” FinancialPlanning, March 3. Barfield says, “Any amount saved to a Roth IRA is extremely valuable over the long term. Assuming the couple has decades until retirement, even a single year contribution today could produce a significant tax-free asset in retirement.” Greiser says, “Don’t let a high income hold you back from investing in your future. Whether you go for a Roth IRA, a backdoor contribution, or something else entirely, remember to do your due diligence and work with a qualified professional.” Shuller says, “If you and your wife surpass the Roth IRA phase-out range, you still might be able to make a backdoor Roth contribution. That involves making a non-deductible contribution to a traditional IRA and then converting it into a Roth IRA.”