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Every week in Weekend Studying For Monetary Planners, we search to deliver you synopses and commentaries on 12 articles protecting information for monetary advisors together with matters protecting technical planning, apply administration, advisor advertising and marketing, profession improvement, and extra. And as 2023 attracts to an in depth, we wished to spotlight 25 of the preferred and insightful articles that had been featured all year long (that you simply might need missed!).
We begin with a number of articles on retirement planning:
- Knowledge exhibiting the place American retirees presently stand, from their common internet price to how they spend every hour of the day
- How, in response to a current examine, delaying Social Safety advantages usually results in higher lifetime wealth than claiming advantages early with the intention to cut back portfolio withdrawals
- Why frequent advisor issues about Monte Carlo evaluation are extra in regards to the software program instruments they use slightly than the approach itself
From there, we have now a number of articles on funding planning:
- Why holding on to shares, slightly than transferring to money, could possibly be a sensible transfer, even when a recession is predicted to happen
- A current examine discovered that buyers lagged the efficiency of the funds during which they invested by 1.7% per yr over the previous decade, suggesting a possible function for advisors in serving to them overcome this “conduct hole”
We even have numerous articles on money move planning:
- Why it may be worthwhile for shoppers to think about the ‘hidden’ prices of shopping for a trip dwelling earlier than leaping into a purchase order
- What being “upper-middle class” truly means in greenback phrases
- A current examine suggests a causal connection between married {couples} who use a joint checking account and elevated relationship happiness
- How setting a spending cap may help {couples} cut back cash conflicts and revel in extra guilt-free spending
We proceed with 3 articles on tax planning:
- How advisors may help shoppers benefit from the 0% long-term capital positive factors tax bracket
- How IRMAA surcharges, whereas a nuisance, are inclined to symbolize a comparatively small share of a retiree’s revenue
- How advisors may help shoppers cut back the quantity of their Social Safety advantages (and total revenue) topic to taxation
Subsequent, we have now just a few articles on insurance coverage planning:
- How advisors can add worth for shoppers by serving to them make higher Medicare choices
- Why high-deductible well being plans with paired HSAs could possibly be essentially the most cost-effective and tax-efficient medical insurance choice for a lot of shoppers
- Why an advisor determined to purchase an listed common life insurance coverage coverage for himself
We even have numerous articles on apply administration:
- 10 ‘harsh’ classes one enterprise proprietor realized on his entrepreneurial path and the way they apply to monetary advisors
- What actions advisory agency homeowners can take after they discover they’ve an excessive amount of work on their plate
- Why stressed-out agency homeowners would possibly take into account downsizing their consumer base slightly than promoting their agency
From there, we have now a number of articles on monetary advisor advertising and marketing:
- Why ChatGPT could possibly be a worthwhile instrument to help advisor advertising and marketing, from creating advert copy to drafting prospect emails
- How providing a “second-opinion service” may help advisors generate extra referrals from shoppers and facilities of affect
- Tips on how to optimize the 5 most essential pages on an advisory agency web site
We wrap up with 3 last articles, all about profession improvement:
- How a sequence of psychological workout routines may help people construct resilience and overcome challenges they face
- How each “macro” and “micro” focus can contribute to productive, fulfilling work
- How cultivating a way of moxie may help people deal with “impostor syndrome”
- Why exhibiting poise, the mixture of fashion and substance, is commonly on the coronary heart of a profitable profession
Thanks for letting us be part of your studying record every week and we’ll stay up for highlighting extra insightful articles in 2024!
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