Michael Kitces, MSFS, MTax, CFP, a Financial Planning contributing writer, is head of planning strategy for
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It's important to categorize necessary and discretionary expenses, but advisors need to know how clients are defining them.
July 23 -
It’s not as easy as hanging out a shingle. Advisors and back-office employees need to master certain traits.
June 28 -
Adding clients may increase the top line, but it may come at the expense of profits, free time and even happiness.
June 21 -
Younger investors tend to have limited assets, but that doesn’t mean their advice needs are simple.
May 30 -
There is no secret formula but there are some time-tested calculations that can reveal a firm’s productivity, or lack thereof.
May 7 -
Capital gains tax rates are not just taxed at a single, more favorable, rate anymore.
April 17 -
Retirees who use a smaller withdrawal rate may amass significant excess wealth. That can mean trouble for advisors.
April 11 -
There’s a lot to be said for being lean and mean.
April 3 -
It’s crucial to know how much of a drawdown an investor can tolerate before panic sets in.
March 25 -
Career-switchers may think becoming a financial planner is an easy transition, but done improperly can pose dangers to themselves and clients.
March 18