FEBRUARY 2025: College Planning
COVER STORY
Higher Education Redefined: Strategic Advice for Financial Planners
By Geoffrey VanderPal, Ph.D., D.B.A., CFP®, CLU, CTP, CSCP, SHRM-CP/SCP, PMP
Rising costs and uncertain outcomes make the traditional four-year college track less appealing for some clients. Here are some nontraditional ways to help clients fund education for themselves or their children.
Click HERE to access the DIGITAL EDITION
CLIENT COMMUNICATION
Training Advisers to Build Superior Client Relationships with Motivational Interviewing and the FPEQ Scorecard
By Christina Lynn, Ph.D., CFP®, AFC, CDFA
The FPEQ scorecard is a tool to help financial planners fine-tune their emotional intelligence to have more supportive conversations with clients.
TAX PLANNING
A Study of the Taxation of Sports Betting
By Ivan Roten, Ph.D., CFP®, Jarrod Johnston, Ph.D., CFP®, Marshal Roten
Many states have legalized sports betting, especially online sportsbooks, but few clients probably consider the tax implications when they bet on their favorite teams.
WEB EXCLUSIVE: Year-End Disaster Tax Relief Act Summary and Tax Tips for the 2024/2025 Disasters
By Randy Gardner, J.D., LL.M., CPA, RLP, CFP®, AEP (Distinguished), Julie Welch, CPA/PFS, CFP®, AEP (Distinguished), Creyton Vincent
FPA NEXT GENERATION PLANNER
Forward Thinking
Get Personal in Your Professional Development
By Landon Warmund, CFP®, CSLP
My Career Path
Nycole Freer and the Tribulations that Come with Starting Your Own Practice
Planner Poll
The FPA Community Weighs in on Professional Development
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Fintech
Strategies for Digitally Engaging the Next Generation of Clients in Wealth Management
By Molly Weiss
Millennial and Gen Z investors are inheriting and building their own wealth, but they approach finance differently from other generations. Here’s how you can engage with this generation effectively.
Risk Management & Insurance Planning
Integrating Permanent Cash Value Life Insurance into Education Funding
By Anne Jones
Life insurance is one tool planners can use to supplement education savings and retain flexibility for their clients.
Succession Planning
How Can RIAs Launch an Effective Internship Program to Recruit Talent?
By Richard Chen
A well-implemented internship program has benefits for firms and for the financial planning profession. Here’s how you can get started.
RESEARCH
Navigating Client Engagement: Considering Client Knowledge and Willingness
By Oliver Schnusenberg, Ph.D., CFP®, CFT, BFA
This paper introduces the initiative pathway model to classify clients into four zones based on their understanding and readiness to implement your recommendations, providing a framework to identify when a client needs the support of financial therapy in addition to financial planning.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
Book Smart and Money Savvy
By Danielle Andrus
OBSERVER
Student Debt and Tuition, California Wildfires Financial Loss, Social Security Fairness Act
Stat Bank
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
Building Trust, Commitment, and Satisfaction Through Effective Intersession Communication: The Moderating Effect of Financial Anxiety
By Megan McCoy, Ph.D., LMFT, AFC, CFT-I, and Ashlyn Rollins-Koons, CFP®️
Using structural equation modeling, this study assessed the cumulative effects of different modes of communication methods used between planning sessions, as well as the moderating impact of financial anxiety.
Click HERE to access Journal of Financial Planning ARCHIVES
