Financial Planning

The Governmental Accounting Standards Board has issued two exposure drafts proposing improvements to financial reporting of pensions by state and local governments.

IMGCAP(1)]Equity compensation is more of a minefield than it once was.

Husbands and wives need to talk more about retirement planning and how to achieve their retirement goals, according to a new study.

MORE DELAY RETIREMENT

We think of risks associated with the audit and attest side of the business every time we place our signature on a financial statement. We think of investment risk every time we meet with a client who is nervous about market losses while counting on those investments to provide income or security in future years. But when it comes to traditional risks, many of which can be protected against or avoided, we are only scratching the surface of what CPA financial planners could or should be doing.

IMGCAP(1)]Accountants, insurance professionals and others need to be careful that they don’t become what the IRS calls material advisors.

H.D. Vest, an investment advisory firm that partners with many tax practitioners, will be sold by its corporate parent Wells Fargo to Parthenon Capital Partners, a private equity firm.

The Internal Revenue Service has become more adept at identifying retirement plans that may violate tax laws, according to a new government report.

Three out of four middle-income Baby Boomers say their financial situation, not age, is now the key trigger for when to retire, according to a recent study.

The majority of Americans say they want and need income replacement projections for financing their retirement, but most do not have access to the data nor an understanding of how to translate their 401(k) savings into a stream of retirement income, according to new research.