JANUARY 2025: Insurance and Risk Management
COVER STORY
Flood Insurance: A Perspective for Financial Planners
By Russell L. Brockett, CFA, CFP®, and Patrick L. Brockett, Ph.D.
Your clients’ flood risk is likely greater than they realize. Here are some ways you can help them manage this risk appropriately.
Click HERE to access the DIGITAL EDITION
MEDICARE PLANNING
Navigating the Waters of IRMAA: A Comprehensive Guide for Financial Planners
By Al Kushner
High-income retirees pay more for Medicare Part B and D premiums. Planners can help minimize the impact the income-related monthly adjustment amount on their wealthier clients.
TAX PLANNING
Anticipating President Trump’s Tax Policies
By Randy Gardner, J.D., LL.M., CPA, RLP, CFP®, AEP (Distinguished), and Julie Welch, CPA/PFS, CFP®, AEP (Distinguished)
With Republican control of Congress, Trump’s tax agenda could be enacted as soon as 2025. Here are some changes to look out for.
FPA NEXT GENERATION PLANNER
Forward Thinking
The Value of Building Your Network
By Lillian Turner, CFP®, RLP, CSLP
Lead Article
Launching into the Financial Planning Profession
By Hannah Moore, CFP®
My Career Path
Alyson Skodack Burkett’s Thoughts on Mentorship and Community
By Paulina Mejia and Jeff Finkelman
Planner Poll
The FPA Community Weighs in on Networking
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Estate Planning
Flexible Estate Planning with ILITs and Life Insurance
By David Haughton, J.D., CPWA
In a society where tax reform can be seen as a political football, it’s important to stay flexible and provide clients with tools to limit the potential impact of taxes on their estate
Leadership
Calm the Storm: How to Soothe Anxious Clients
By Barbara Kay, LPC, RCC, CTP
In times of great uncertainty, planners who help their clients gain perspective provide immense value
Marketing
Maximizing Video Impact on Your Website: A Comprehensive Guide for Financial Advisers
By Kalli Fedusenko
If you’re just getting started with video or looking for a refresher, here are some best practices to make sure your marketing efforts don’t go to waste.
SPECIAL REPORT
Securing the Future: Mitigating Cyberthreats in Personal Financial Planning
By C. Augusto Casas, Ph.D., CFP®
Planning firm owners must be proactive in their approach to cybersecurity to protect their firms and their clients, and build trust.
RESEARCH
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.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
A Risky New Year
By Danielle Andrus
OBSERVER
Higher Insurance Cost, Advisory Relationships, and AI Efficiency
Stat Bank
VOICE
Presenting Monte Carlo Success to Clients: A Brief Speculative Note
Q&A
Paul Brahim on the Business and Practice of Financial Planning
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
Efficient Portfolios with Social Security as an Asset
By Doug Waggle, Ph.D.; Hongbok Lee, Ph.D.; and Gisung Moon, Ph.D.
Social Security provides retirees with a quasi-guaranteed lifetime income stream that increases with inflation and can be considered a government-backed “annuity.” This paper examines the impact of including the value of expected future Social Security payments as an asset, along with stocks and bonds, in efficient portfolios.
Click HERE to access Journal of Financial Planning ARCHIVES
