Financial Planning

Jobs gained during the economic recovery following the Great Recession pay an average of 23 percent less than the jobs lost during the recession, according to a new report from the U.S. Conference of Mayors.

Ted Sarenski, president and CEO of Blue Ocean Strategic Capital, discusses the findings of the AICPA Personal Financial Planning section's Elder Planning Task Force survey on major issues surrounding financial planning and retirement, including uncertainty about Social Security and the rising cost of health care, in an interview with Accounting Today editor-in-chief Daniel Hood .

Many U.S. households are not adequately prepared for retirement, according to a new report from the Federal Reserve that found 31 percent of non-retired respondents indicating they have no retirement savings or pension, including 19 percent of those ages 55 to 64.

The American Institute of CPAs, along with the Virgin Islands Society of CPAs and the Guam Society of CPAs have submitted a letter to Congress asking for clarification on whether the Net Investment Income Tax, which was included as part of the Affordable Care Act, applies to bona fide residents of the U.S. Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands.

Fitch Ratings has weighed in on the controversy stemming from corporate inversions, noting it could have an impact on a company's cash access and credit.

The CFA Institute has released a new study that calls for enhanced loan disclosures in order to allow investors to compare the financial statements of banks more effectively.

Broker-dealer HD Vest has released VestVision, a software solution that lets advisors and clients establish and prioritize financial goals and then track progress toward them.

Check out the digital edition of the August 2014 issue of Accounting Today.

Wealth transfer and estate planning can be among the most difficult conversations to have with clients

Simple questions during tax prep can unlock a client's needs