OCTOBER 2024: TAX PLANNING
COVER STORY
Tax-Efficient Ways to Diversify Concentrated Stock Positions
By Peter Lazaroff, CFA, CFP®
A concentrated portfolio is often the result of a boon with a specific company, but that introduces risk that planners should help lower for their clients.
Click HERE to access the DIGITAL EDITION
PRACTICE MANAGEMENT
Don’t Do It for the Money: What It Takes to Serve Business Owner Clients
By Tammy Breitenbach
Tax and exit planning are just some of the broad planning needs businesses require planners’ help with.
TAX PLANNING
TCJA Tax Cuts Expiring in 2026: What Planners and Advisers Can Do Now to Prepare
By Daniel Razvi, Esq.
There are a lot of changes coming up that planners should help their clients address before time runs out.
REGULATORY CHANGES
Unprecedented: How New SCOTUS Decisions Affect Financial Planners
By Peter Parlapiano, CFP®, AEP, EA
The U.S. Supreme Court decided two historic cases that overturned many decades of precedent, with ramifications for the DOL fiduciary rule, tax rules, noncompete contracts, and more.
FPA NEXT GENERATION PLANNER
Forward Thinking
Speaking Up and Speaking Well
By Haley Ellis, CFP®, CPFA
Lead Article
Bridging the Gap: Effective Cross-Generational Communication
By Gretchen Halpin
My Career Path
How a Strong Support System Has Worked for Noah Camfield
Planner Query
Incorporating Client Feedback into a Practice
Planner Poll
The FPA Community Weighs in on Communication Frequency
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Marketing
The Referral Revolution: Elevating Your Financial Advisory Practice with Strategic Marketing
By Kalli Fedusenko
Planners can’t simply do great work and trust that their clients will tell people about it. Here’s how to craft a strategic approach.
Estate Planning
Tax-Efficient Planning for Business Continuity
By David Haughton, J.D., CPWA
Proactive tax planning can ensure that business owner clients’ intentions are honored.
Tax Planning
Beyond the 101 of IRC § 121: Further Study of a Common Tax Exclusion
By Claire Thornton, CFP®, EA
One of the most widely used code sections comes with complexities and nuance that warrant a closer look.
Fintech
Why Data-Driven Insights Are the Key to Expanding Your Practice
By Molly Weiss
Are you paying attention to your clients’ needs? Data-driven insights can help.
RESEARCH
Don’t Sweat the Big Stuff—It’s the Small Stuff That Makes the Difference: The Effect of Having Savings Rules, and the Relationship between Financial Knowledge and Household Savings Behaviors of Americans
By Tanya Staples, CFP®; Greg Anderson, CFP®; Ashlyn Rollins-Koons, CFP®; Nathan Collier, CFP®; and Blake Gray, Ph.D, CFP®
How do savings rules and subjective financial knowledge impact the likelihood that a household will be a net saver? While they don’t guarantee savings, it is rare that a household is a net saver without savings rules.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
Tax Tarot
By Danielle Andrus
OBSERVER
Ultra-Wealthly Expectations, Referrals for Young Investors, and Elder Investors' Fraud Losses
Stat Bank
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
Net Present Value Analysis of Roth Conversions
By Edward F. McQuarrie
Roth conversions are complicated, and there are certain cases where it is a good gamble and other situations where it isn’t. The trick is that future rates are unknown, and the payoff might not be realized for decades.
Click HERE to access Journal of Financial Planning ARCHIVES
