Without passing a continuing resolution, the federal government could face a shutdown this week. Disagreements remain over a proposed funding bill, including its lack of funding to address water contamination in Flint, Mich.
This formula for paying for your child's college education involves saving a quarter of the money while your child grows up and paying for the rest out of current income and by borrowing money.
The Internal Revenue Service announced Thursday that beginning in late October all e-services users will be subject to a strengthened identity protection process, which, for existing users, requires re-registering.
A survey from the Money Management Institute and Dover Financial Research found that fees fell at 90% of investment advisory firms last year. All-in fees for management accounts were down 6% to 10%, according to 39% of those surveyed.
Independence is not required when the only services you provide clients are financial statement preparation and tax services. However, it is important to anticipate whether your clients' needs may change so you can structure engagements to maintain independence.
More than three-quarters of CEOs in the UK are considering moving headquarters or some operations out of the UK because of the country's vote to withdraw from the EU, according to a survey by KPMG. More than half of CEOs of companies with at least 100 million pounds ($130 million) in annual sales and at least 500 employees said the UK's ability to do business would be disrupted once it pulls out of the EU.
The IRS now allows exceptions to the 60-day individual retirement account rollover rule, but advisers should caution clients that they still must meet certain qualifications to be eligible. For more tips on IRA planning, PFP/PFS section members can review this advanced PFP webcast series on planning for large IRAs.
Many high-net-worth individuals want to engage with both robo services and human advisers, a LinkedIn survey finds. Additionally, the survey found that 20% of investors plan to change wealth managers within the coming year.
Americans are living longer, leading to rising concerns about the need to plan for long-term-care costs. If a standalone LTC policy is not an option, advisers can help clients consider alternatives such as annuities and life insurance policies with long-term-care riders. To learn about the latest trends and developments in LTC, PFP/PFS section members can listen to this webcast.
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