JULY 2024: RETIREMENT PLANNING
COVER STORY
Reverse Mortgages and Rising Interest Rates
By Danielle Andrus
Low interest rates are no longer a foregone conclusion. Are these products a viable tool for older clients?
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PRACTICE MANAGEMENT
Crafting an Operational Continuity Plan for Financial Advisers
By Jessica Colston, PCC
Being prepared isn’t just about safeguarding your business, it’s also a testament to how you value your clients’ well-being.
FEATURE
Reexamining the SECURE 2.0 Act for 2024: Previous, Current, and Future Considerations
By Patrick M. Ryle, J.D., LL.M., CPA, CMA; Mark A. McKnight, Ph.D., CFE; Brett L. Bueltel, J.D., CPA; Christian G. Koch; and Michael P. D’Itri
Numerous provisions of the act will be implemented this year or next. Here’s what you need to know.
FEATURE
When Knowing Your Client Is a Matter of Life and Death
By Cheryl Canzanella
Stigmas around opioid misuse and substance use disorders may prevent a client from being forthright if they or a family member is struggling.
FPA NEXT GENERATION PLANNER
Forward Thinking
Financial Planning for Life
By Mike Zarrelli, CFP®, EA
Lead Article
Next-Gen Advisers Are Fueling the Pro Bono Movement
By Jon Dauphiné, Esq.
My Career Path
Featuring Taylor Venanzi, CFP®
Planner Poll
The FPA Community Weighs in on the Impact of Financial Planning on Their Own Lives
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Leadership
Are We a Match? The Four Cs of Finding a Good Partner
By Barbara Kay, LPC, RCC, TIPC
Planners who are leaving the business need to take their time getting to know a potential successor.
Longevity
Why Are So Many People Bad at Planning for Retirement?
By Chris Heye, Ph.D.
Retirement is a relatively young concept sensitive to inherent biases in individuals.
Marketing
Dear Adviser: Retirement Planning Isn’t a Niche
By Kalli Fedusenko
Retirement planning can’t function as a niche because just about everyone wants to retire one day.
RESEARCH
Investigating the Efficacy of a Life Settlement to Offset Temporary Life Insurance Premiums in Retirement Age Years: Behavioral Finance Implications
By David F. Smith, Ph.D., CFP®
The dance between life insurance and life settlements is not easy to dissect, especially when one considers the behavioral biases that an investor can exhibit.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
Opening the Door to Reverse Mortgages
By Danielle Andrus
VOICE
Conflicts of Interest and Fiduciary Service
OBSERVER
Confidence in Retirement, 'Chunk or Nothing' Withdrawals, and Travel for Family Caregivers
Stat Bank
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
Guaranteed Income and Optimal Retirement Glide Paths
By Doug Waggle, Ph.D., and Pankaj Agrrawal, Ph.D.
When incorporating Social Security payments into calculations about one’s retirement portfolio, this paper finds that some investors could benefit from increasing their investments in equities over time instead of lowering them.
