Long-term-care costs can be difficult to predict. They can put a significant strain on certain clients' finances, while other clients may not need much or any paid care. "It's a very individual math problem to solve for each client," said Brooke Salvini, CPA/PFS, who asks clients questions to help them predict how much they might need to spend. Access the practical retirement planning guide (open to PFP Section members) for more information on this topic.
A medical insurance advocate can help clients ensure that their medical bills are reasonable and achieve cost savings where possible. CPA financial planners can refer clients to these advocates or contract with them directly.
Advisers and clients may face lower returns in the coming years, but the wealthiest clients may benefit from private equity investments. Still, accessing top fund managers can be challenging, and PE investments may involve illiquidity risk.
The Tax Cuts and Jobs Act made several changes that may lead to client questions during the current filing season. This article offers guidance on topics such as alimony and tax refunds from experts including Julie Welch, CPA/PFS, and Tyler Mickey, CPA/PFS.
US Commerce Secretary Wilbur Ross has submitted to President Donald Trump findings of an investigation into whether imported vehicles threaten national security. Trump has 90 days to determine whether action, such as tariffs, is needed.
With a proposed standard and an invitation for comment, the Financial Accounting Standards Board has taken a step forward in resolving challenges in rules for recognizing and measuring deferred revenue in business combinations.
Among changes to bonus depreciation rules is an increase in the deduction percentage to 100% and the addition of used property as qualifying for the deduction. Find out how proposed regulations define the provisions.
Both houses of Congress have passed legislation to head off another government shutdown. White House press secretary Sarah Huckabee Sanders has indicated President Donald Trump will sign the bill while declaring a national emergency to get funding for a border wall.