A recent research paper, Estimating the True Cost of Retirement published by Morningstar and written by David Blanchett, has reinvigorated research and discussion of an age old problem for financial planners: How do you estimate retirement expenses?
The end of tax season is a perfect time to connect with your clients and prospective clients to discuss creating or updating their financial plans. Tax returns direct your clients’ attention to how their financial situation has changed overtime. Important financial topics and terms are fresh in your clients’ minds, which facilitates natural conversation to identify financial priorities and highlight planning topics that need examination.
I have spent some time the last couple of days changing passwords for sites I used that were found to be vulnerable to Heartbleed. Money Tree's financial planning software was never vulnerable to Heartbleed, however it is likely several of the sites you use were, and you should take action by changing your passwords after checking to ensure the website services have fixed the security flaw.
Tax updates for your planning software were refreshingly straightforward for 2014. There was no need to anticipate changes, wait around for congress, and wonder when we would be able to build the tax updates into the calculations. Only modest changes needed to be made for inflation adjustments. Review highlights of the tax updates on included info-graphic (view full size). |
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