Financial Planning Section
The economic situation has caused many individuals, families and businesses to take a second look at their current, and future, financial status. Each week, OSCPA’s Financial Planning Section newsletter addresses a wide-ranging list of financial planning tools, updates and issues that members should consider when counseling their clients. Retirement planning, trusts, 401(k)s, and estate planning are just a few of the weekly topics. Your clients depend on you for current information and sound advice. Join the section that supports your financial planning expertise.
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Apr 16, 2013
Nearly half of women in the workforce do not have a strategy for their retirement, and more than half have little confidence that they will be able to retire with enough savings for a comfortable lifestyle, according to a survey by the Transamerica Center for Retirement Studies.
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Apr 16, 2013
The president's fiscal 2014 budget plan would set a limit of about $3 million on the total retirement savings that an individual could set aside for favorable tax treatment in individual retirement accounts, tax code Section 401(k), 403(b), and other retirement accounts, eliciting criticism from representatives of business groups who said the implications of the proposed $3 million cap are far from clear.
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Apr 09, 2013
The FINRA Investor Education Foundation released a new study revealing that households without emergency savings are more likely to experience mortgage payment problems when faced with an income shock.
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Apr 04, 2013
In an age of client-relationship building, a new study reveals a surprising finding: a majority of financial advisers aren’t taking the time or effort to create specific investment policy statements for their clients.
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Mar 26, 2013
The percentage of U.S. households holding some form of debt declined from 74% to 69% between 2000 and 2011, according to new statistics released by the U.S. Census Bureau. At the same time, the median amount of household debt increased over this period from $50,971 to $70,000 (in 2011 constant dollars). These statistics are part of a larger package released today that contains statistics on household wealth, asset ownership and debt.
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Mar 19, 2013
Tuition continues to rise, but federal aid for students isn’t keeping pace. As a result, parents and grandparents are preparing by putting more money than ever into 529 college savings plans.
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