Journal: July 2021

STARTING THOUGHTS

The Editorial Torch Passes On

by Bridger Cummings

COVER STORY

The Convergence of Healthcare and Financial Planning

by Peter Stahl, CFP^®

There are three main topics to cover regarding financial planning and retirement healthcare—namely Medicare, wealth accumulation for retirement healthcare, and custodial care.

 

SPECIAL SECTION
FPA NEXT GENERATION PLANNER

Powered by NaviPlan^® by Advicent

Click HERE for this month’s issue of the FPA Next Generation Planner, which is now included in the Journal of Financial Planning for your convenience.

 

ADDITIONAL RESOURCES

DIGITAL EDITION

Page through the latest issue in our online digital edition with archives back 10+ years! The digital edition offers many useful features including search, bookmarks, notes, clipping, printing, PDF downloads, and sharing options.  Page through the latest or past issues today!

FPA Publications Study Groups

Planning a study group?  Check out suggested questions and other resources to make your study group a success!
 

PRACTICE MANAGEMENT
 

Learning from the Lessons of Failure to Be More Effective

by Daniel C. Finley

We all make mistakes. What matters is whether you learn and grow from the experience or if you continue repeating the same mistakes.

OBSERVER

 

Preventing Surprises As Your Clients Plan for Retirement
 

Stat Bank

 

Q&A

Joelle Martinez on the Journey of Inclusive Leadership, Economic Vitality, and Creating Spaces of Belonging

 

COLUMNS

Health and Aging Planning
Moments of Transition: Exploring  Retirement Communities with Clients

by Angie M. Stephenson, CFP^®, CPA/PFS

Not everyone will continue residing in their house throughout their retirement. There are many options that all have their own pros and cons, as well as various costs.

Financial Literacy
Should Financial Literacy Education Be Core to Your Mission?

by Mark Tibergien

Financial literacy is something everyone needs to succeed in this day and age. We are failing at it. Be the change in your community.

Your Practice
The Intersection of Health and Wealth: An Opportunity for Advisers to Deepen Relationships and Extend Their Services

by Sean Lawlor

Being wealthy involves being healthy, and you should help clients factor healthcare costs into their retirement plan.

 

SPECIAL REPORT

Data-Based Approach to Engaging Clients in a Discussion of Long-Term Care

by Robert Pokorski, M.D.

Too many people don’t properly anticipate and incorporate the costs of long-term care into their retirement plan. This report investigates those who might need care, the people who will need to provide said care, and possible solutions.

 

RESEARCH

The RISK that Households Take: A Behavioral Variable Worth Watching

by Jason D. Fink, Ph.D.; and Kristin E. Fink, Ph.D.

This paper explores how the CAPE method of forecasting stocks is effective in the long-term but doesn’t work so well at a one-year horizon. A new method, RISK, is introduced that pairs well with CAPE to deliver superior forecasting abilities.

 

SPONSORED CONTENT

 

New Research on Retirement Readiness: Gaining Perspective

by Heather Kelly CLU, ChFC, RHU, brought to you by Allianz Life

A just-released study from Allianz Life analyzed what financial advisors consider the most significant threats to their clients’ retirement security.

 

What Is a Holistic Planner?

by Connor Sung, brought to you by eMoney

What is a holistic financial planner? What kind of results do they see?
Click above to read how holistic planning can set your firm and clients up for long-term success.

 

IN CASE YOU MISSED IT

 

 

Financial Self-Efficacy and Retirement Preparation

by Tim Sturr, CFP^®; Christina Lynn CFP^®, CDFA^®, AFC^®; and Derek R. Lawson, Ph.D., CFP^®

This paper demonstrates how a simple investment strategy that actively rotates between sectors based on changes in the business cycle would have outperformed the broad stock market, and analyzes the style characteristics of such a strategy.