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Every week in Weekend Studying For Monetary Planners, we search to carry 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 have been featured all year long (that you just may need missed!).
We begin with a number of articles on retirement planning:
- Knowledge displaying the place American retirees at present stand, from their common web value to how they spend every hour of the day
- How, in keeping with a current examine, delaying Social Safety advantages sometimes results in better lifetime wealth than claiming advantages early as a way to scale back portfolio withdrawals
- Why frequent advisor considerations about Monte Carlo evaluation are extra concerning the software program instruments they use moderately than the approach itself
From there, we now have a number of articles on funding planning:
- Why holding on to shares, moderately than transferring to money, may very well be a wise transfer, even when a recession is predicted to happen
- A current examine discovered that traders lagged the efficiency of the funds wherein they invested by 1.7% per yr over the previous decade, suggesting a possible position for advisors in serving to them overcome this “conduct hole”
We even have a variety of articles on money circulate planning:
- Why it may be priceless for purchasers to think about the ‘hidden’ prices of shopping for a trip residence earlier than leaping into a purchase order
- What being “upper-middle class” really 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 can assist {couples} scale back cash conflicts and revel in extra guilt-free spending
We proceed with 3 articles on tax planning:
- How advisors can assist purchasers make the most of the 0% long-term capital positive factors tax bracket
- How IRMAA surcharges, whereas a nuisance, are likely to signify a comparatively small proportion of a retiree’s earnings
- How advisors can assist purchasers scale back the quantity of their Social Safety advantages (and total earnings) topic to taxation
Subsequent, we now have a couple of articles on insurance coverage planning:
- How advisors can add worth for purchasers by serving to them make higher Medicare choices
- Why high-deductible well being plans with paired HSAs may very well be essentially the most cost-effective and tax-efficient medical health insurance choice for a lot of purchasers
- Why an advisor determined to purchase an listed common life insurance coverage coverage for himself
We even have a variety of articles on apply administration:
- 10 ‘harsh’ classes one enterprise proprietor discovered on his entrepreneurial path and the way they apply to monetary advisors
- What actions advisory agency house owners can take once they discover they’ve an excessive amount of work on their plate
- Why stressed-out agency house owners may think about downsizing their consumer base moderately than promoting their agency
From there, we now have a number of articles on monetary advisor advertising and marketing:
- Why ChatGPT may very well be a priceless instrument to help advisor advertising and marketing, from creating advert copy to drafting prospect emails
- How providing a “second-opinion service” can assist advisors generate extra referrals from purchasers and facilities of affect
- How one can optimize the 5 most necessary pages on an advisory agency web site
We wrap up with 3 last articles, all about profession improvement:
- How a collection of psychological workout routines can assist 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 can assist people handle “impostor syndrome”
- Why displaying 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 sit up for highlighting extra insightful articles in 2024!
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