October 2025: Tax Planning
COVER STORY
Business Taxes: How OBBBA Will Impact Business Owners
By Randy Gardner, J.D., LL.M, CPA, RLP, CFP®, AEP (Distinguished), and Julie Welch, CPA/PFS, CFP®, AEP (Distinguished)
One big bill led to a lot of changes for businesses. Here’s a look at tax changes that will impact business owner clients over the next two years.
Click HERE to access the DIGITAL EDITION
SERVING BUSINESS OWNERS
The Art of the Exit: How Motivational Interviewing Transforms Succession Planning Conversations
By Christina Lynn, Ph.D., CFP®, AFC, CDFA, and Scott Luhnau, J.D., CTFA
By shifting from a financial expert to a financial guide, you can ensure your clients ask hard questions about their succession plan before a crisis forces their hand.
INVESTMENT PLANNING
Due Diligence in Private Equity: What Every Financial Planner Needs to Know
By Michael Kothakota, Ph.D., CFP®, and Nathan Edgerly, CPA
As private equity grows more accessible to everyday investors, it’s important for planners to understand the risk and benefits inherent in the asset class.
WEB EXCLUSIVE
Fixed 30-Year Mortgage Rate Change Expectations
By August A. Saibeni
Historical data suggest a sharp decline in mortgage rates is unlikely, so would-be buyers holding out for lower rates may need advice related to future refinancing options.
FPA NEXT GENERATION PLANNER
Forward Thinking
Trust in Yourself and Take the Leap
By Lillian Turner, CFP®, CSLP, RLP
Lead Article
The Entrepreneur’s Trade-Off: Career Control, Compensation, and the Operational Cost of Independence
By Cameron Logar, CRPC, CPTD
My Career Path
Ben Smith, CFP®, CSRIC, on His Journey from Sales to Service
Planner Poll
The FPA Community Weighs in on Their Biggest Hurdle When Starting Their Practice
Planning a STUDY GROUP? Check out suggested questions and other resources to make your study group a success!
COLUMNS
Marketing
How Long Does It Take to See Results from Digital Marketing?
By Kalli Fedusenko
Good marketing doesn’t always yield immediate results. It takes time and consistency before you can reap what you sow.
Leadership
How to Motivate Clients to Act
By Barbara Kay, LPC, RCC, TIPC
Even enthusiastic clients can stumble when it’s time to complete tasks. Here’s how planners can help motivate them.
Estate Planning
The Beauty of Estate Plan Flexibility Under the One Big Beautiful Bill Act
By Anne Rhodes
With minor variations, all the strategies to utilize the historically high gift and estate tax exclusion amounts are still available.
Tax Planning
The QBI Deduction Is Here to Stay. Are You Ready?
By Claire Thornton, CFP®, EA
QBI is a popular but complex deduction for business owners. Understanding its limitations helps planners optimize planning opportunities for clients.
Earn one CFP CE® credit by reading this month's Journal and access past exams for additional credits.
RESEARCH
Navigating Fiduciary Duty in the Era of ESG Investing: Insights from Financial Advisers
By Haley Burton, Ph.D., and Josh Sauerwein, D.B.A., CPA®
As ESG investing has become more popular, the meaning of a fiduciary has evolved. How do the two themes interact, and how are actual clients and advisers thinking about ESG investing?
VIDEO: BEHIND THE RESEARCH
DEPARTMENTS
STARTING THOUGHTS
OBBBA Hubbub
By Danielle Andrus
VOICES
FPA Members Weigh Merits of CFP® Board Fee Increase
Q&A
Andy Fastow on Managing Risk in the Gray Area
OBSERVER
Succession Plans, Black Americans and Retirement, Early Social Security
Stat Bank
JFP ACADEMICS
Upcoming Research
IN CASE YOU MISSED IT
Exploring Planner Pain Points and Client Crises in the ‘Psychology of Financial Planning’
By Megan McCoy, Ph.D., LMFT, AFC, CFT; Billy Spencer, CFP®, TPCP, FBS, CFT; Blake Gray, Ph.D., CFP®; Shane Heddy, FBS; and Donovan Sanchez, CFP®
What pain points do planners experience in their firms, and where do planners feel they need more training? These questions are examined, with insights into mental health and crisis situations demanding more training.
Click HERE to access Journal of Financial Planning ARCHIVES
