BIF Bites

Financial planning is all about sequencing. The ability to place a set of competing goals and needs in order is a key skill for planners to develop. Is adequate life insurance coverage more important than a fully-funded emergency fund? Should you fund a 529 or purchase extra long-term disability insurance coverage? How does having kids change your financial priorities? In this week’s episode, Jerry and Adam chat about the correct order of importance for these financial planning goals and several more.

Fellow Financial Professionals, have no fear. Mike and Jerry are here (as always) to run through SECURE Act 2.0 provisions going into effect in 2023 ONLY. We cover the new RMD age and new exceptions to early withdrawal penalties as well as a couple of new tax credits that could benefit your clients.

How do you file if your spouse is sleeping on the couch? Better yet, what if the couch sleeper is you ex? What filing status do you go with if you currently have your divorce attorney on speed dial? Or if you think your spouse is actively committing fraud? Adam and Jerry tackle some doozies on this episode. Listen in. It's a fun one!

Jerry and Brendan sit down to discuss the recent collapse of SVB and the resulting banking crises. The two dig into how increasing rates and bond duration led to the collapse of the bank and tie it all back to how these lessons can be applied to the CFP exam.

In this episode, Jerry sits down with BIF grad Gene Witt to discuss his recent success on the CFP Exam. They cover the process of requesting additional accommodations from CFP Board as well as study tips and tricks for students with a wide range of learning disabilities.

Adam takes a deep dive into the world of Enrolled Agents. He explains why the designation is important, who its suited for, and how it can be used to better serve your clients.

In this episode, Mike and Jerry sit down to talk about the Social Security Trinity: the three things every advisor must consider when helping a client decide when to start taking social security.

In this episode Adam and Jerry sit down to talk about constructive receipt and how it can impact your taxes in everything from running a small business, to setting up an estate trust.

The Nitty-Gritty on Inherited IRAs w/ Adam & Mike by Boston Institute of Finance

Adam sits down with Cody Garrett to discuss the often over-looked, but truly critical information gathering stage of the financial planning process. Cody's a big believer in the power of "genuine" curiosity. We explain how a well-informed question has the power to strengthen your relationship with a new client.

Very Exciting News: Measure Twice Planners and The Boston Institute of Finance have created a new scholarship opportunity for BIF/Bryant CFP Education!

Learn more and apply: measuretwiceplanners.com/scholarships