DECEMBER 2023: Insurance Planning
COVER STORY
LTCI Rate Increases and Reduced Benefit Options: Insights from Interviews with Financial Planners
By Brenda J. Cude, Ph.D.; Lisa Groshong, Ph.D.; Bonnie Burns; and Richard M. Weber
It can be distressing to find out that insurance premiums are going up, but planners can help guide their clients through this delicate decision.
PRACTICE MANAGEMENT
From Reflection to Visualization: A Framework for Goal Setting and Strategic Planning
By Jessica Harrington, PCC
Firm owners’ end-of-year planning should include time for evaluating the previous year to prepare for the next.
FPA NEXT GENERATION PLANNER
Lead Article
EB-5 Investors Are Seeking the American Dream and a Financial Planner to Help Them Reach It
By Jenny Zhan, CFA
Skill Builder
Six Communication Dos and Don’ts for Next-Gen Advisers
By Kristine McManus
Planner Poll
The FPA Community Weighs in on Empowering Their Community
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Digital Assets
‘What Is’ Going On with Crypto?
By Bridger Cummings
Cryptocurrency elicits strong opinions from planners and clients, but it’s important to look at these investments through an objective lens.
Your Practice
The Role of AI in Financial Planner Operations
By Charesse Spiller
Some advisers get stuck brainstorming how to use AI and never get to the implementation phase.
Women in Retirement
Insights from FPA Annual Conference 2023: Dealing with Loss, Long-Term Care, and Reverse Mortgages
By Alexandra Armstrong, CFP®, CRPC
There were a variety of topics to choose from at this year’s event, many of which involved women and retirement planning. Here are some highlights.
RESEARCH
Widow Tax Hit Debunked
By Edward F. McQuarrie
The “widow tax hit” is a concern some people warn about, but it may be overblown when seen through the lens of lowering Social Security and costs related to the deceased partner.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
DEPARTMENTS
STARTING THOUGHTS
A Close Look at Long-Term Care
By Danielle Andrus
OBSERVER
Cybersecurity Insurance, Clients' Wishes Not Being Met, and Pro Bono Planning
Stat Bank
Q&A
Peggy Ruhlin Discusses the State of Women Financial Planners
JFP ACADEMICS
Upcoming Research
CELEBRATING 50 YEARS OF CFP® CERTIFICATION
IN CASE YOU MISSED IT
Revisiting William Bengen’s ‘SAFEMAX’ Portfolio Withdrawal Rate
By Christopher M. Duquette, Ph.D.
The bond yields originally examined were based on newly purchased bonds and not bonds acquired years before. This is a crucial distinction that can affect the optimal withdrawal rate.
