AICPA Personal Financial Planning (PFP)
Welcome to the AICPA Personal Financial Planning Section podcast. Follow us to receive unlimited access to free podcasts from nationally known experts on topics such as retirement, estate, tax, investment planning, and more. Visit us online at aicpa-cima.com/pfp to join our community and gain access to valuable member-only benefits.
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The Exit Blueprint: Strategies to Maximize Value and Minimize Risk
09/05/2025
The Exit Blueprint: Strategies to Maximize Value and Minimize Risk
When business owners skip exit planning, the fallout can be brutal; value lost, families divided, legacies diminished. But with the right strategy, an exit isn’t chaos, it’s a launchpad: valuations climb, transitions smooth out, and owners step confidently into their next chapter. In this episode of the AICPA Personal Financial Planning Podcast, host Cary Sinnett welcomes Daniel D. Meiklejohn, JD, CPA, PFS. With his rare combination of legal, tax, and financial planning expertise, Daniel helps business owners turn exits from reactive scrambles into deliberate successes, covering everything from succession and valuation to wealth transfer and legacy planning. Listeners will learn: · The #1 risks owners overlook before selling · Why building the right advisory team changes the outcome · How early planning boosts valuations (and reduces stress) · Where CPA financial planners fit into the exit conversation · Practical ways to help clients start planning today This episode is a must-listen for CPA financial planners who work with business owners—or anyone who wants to sharpen their edge in succession and legacy planning. AICPA Resources: https://www.aicpa-cima.com/cpe-learning/webcast/business-exit-planning https://pfplanning.libsyn.com/business-exit-transitions-for-cpa-financial-planners https://www.aicpa-cima.com/professional-insights/article/pcps-succession-planning-survey
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Portability Denied: The Compliance Misstep That Cost Millions with Bob Keebler
08/22/2025
Portability Denied: The Compliance Misstep That Cost Millions with Bob Keebler
What happens when one overlooked detail turns a thoughtful estate plan into a multi-million-dollar tax disaster? In this episode of the AICPA Personal Financial Planning Podcast, nationally recognized tax and estate planning expert Bob Keebler joins Cary Sinnett to unpack the cautionary tale of Roland v. Commissioner. Despite well-crafted trusts and modest estates, a simple misstep in making the portability election led to the loss of $3.7 million in estate tax exemption. The case underscores the reality that “substantial compliance is not enough” when filing Form 706—and the reputational and financial risks that follow. You’ll learn: Why the IRS and courts denied the portability election—and what it means for practitioners. How valuation, appraisals, and strict filing compliance can make or break an estate. What CPA financial planners can do to collaborate effectively with attorneys and safeguard clients from hidden estate administration landmines. Practical risk management steps firms should adopt to prevent similar outcomes. Listen in to protect your clients’ legacies, preserve your professional reputation, and avoid the quiet traps buried in estate planning compliance. Resources:
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A New Kind of Deduction: Advanced Planning Strategies for a Changed Tax Code
08/08/2025
A New Kind of Deduction: Advanced Planning Strategies for a Changed Tax Code
Jeff Levine joins us to break down one of the most surprising features of the new tax law: a brand-new type of deduction that could significantly change the way we think about AGI thresholds, phaseouts, and entity planning. In this episode, we unpack how the latest changes in the tax code are opening up advanced strategies for clients, and where financial planners need to stay sharp to avoid stealth cliffs and missed opportunities. Key Topics Covered: The new above-the-line deduction and who can benefit Planning around AGI phaseouts and stealth tax cliffs Leveraging non-grantor trusts for charitable and income planning Avoiding estate planning complacency amid exemption increases Rethinking entity structure in light of expanded QSBS rules Resources: Podcast: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Future-Proof Your Firm: Attracting Gen Z to CPA Financial Planning
07/25/2025
Future-Proof Your Firm: Attracting Gen Z to CPA Financial Planning
The pipeline is aging—and the profession is feeling the pressure. But what if Gen Z isn’t just the next wave of talent, but the spark that transforms your practice? In this energizing episode, Cary Sinnett sits down with Sherron Permashwar, CPA and founder of The Modern Savvy CPA, to unpack why recruiting Gen Z isn’t just important—it’s essential. Sherron brings her insight as a 27-year CPA veteran with a digital-native following to explore: · What Gen Z really wants from a career in financial planning · How to move from a “hierarchy” mindset to a “community” culture · Why high schools and colleges are missing the mark—and how you can fill the gap · Content strategies CPA firms can use to build credibility and trust on TikTok, YouTube, and beyond · How purpose, flexibility, and mentorship drive Gen Z retention If you’re ready to future-proof your firm and attract the next generation of purpose-driven professionals, this episode is for you. Resources: Article: Article: Toolkit: Article:
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Disaster-Proofing Your Clients' Finances: Lessons from the Front Lines
07/11/2025
Disaster-Proofing Your Clients' Finances: Lessons from the Front Lines
When disaster strikes—wildfire, flood, earthquake—will your clients’ finances survive the storm? In this episode, host Cary Sinnett speaks with Mitch Freeman, CPA/PFS, a nationally recognized advisor with firsthand experience navigating the financial aftermath of natural disasters. Mitch shares practical insights on: · Proactive steps to prepare clients financially for disasters · Insurance challenges in high-risk areas · How private adjusters can ease post-disaster stress · Essential documents and checklists every client should have ready With over 60 years in the profession, Mitch offers hard-won wisdom and actionable advice to help CPA financial planners build financial resilience into every plan. Resources: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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BBB Crossover Special: How the New Tax Law Changes Everything for Your Clients
07/04/2025
BBB Crossover Special: How the New Tax Law Changes Everything for Your Clients
The One Big Beautiful Bill Act is no longer a proposal, it’s the law. That means CPA financial planners must shift gears fast. In this special crossover episode of the AICPA Personal Financial Planning Podcast and the AICPA Tax Odyssey Podcast, host Cary Sinnett is joined by nationally recognized experts Bob Keebler and Mark Gallegos to break down what the new law really means for your clients and your planning strategies. From the permanent TCJA tax brackets and QBI deduction to enhanced SALT caps, PTET elections, and new income exclusions for tips and overtime, this episode delivers high-level insights you can act on immediately. You’ll also hear forward-looking guidance on Roth conversions, entity structure decisions, estate and gifting strategies, and what Medicaid reforms mean for clients with multigenerational care responsibilities. This is the must-listen briefing every CPA financial planner needs right now. Resources: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Latest tax proposals: Real-time tax and financial planning conversations
06/24/2025
Latest tax proposals: Real-time tax and financial planning conversations
In this special crossover episode between the AICPA’s Tax Section Odyssey and PFP Section podcasts, April Walker is joined by Bob Keebler and Mark Gallegos to break down the fast-moving tax legislation landscape. They walk through key provisions in both the House’s “One Big Beautiful Bill Act” and the Senate’s proposal, sharing what matters most for client conversations right now. Topics include: Timing and reconciliation process in Congress Section 199A and SALT cap updates PTET deduction differences and planning impact Section 174 R&D expensing changes Bonus depreciation and Section 179 updates Opportunity Zones and energy credits Why now is the “opportunity season” for proactive client outreach This episode is your go-to briefing for what’s in motion and how to stay ahead. Tune in to hear what tax advisors need to know — and how to start client conversations before the final bill hits the President’s desk. Resource:
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Turning Panic into Trust with Dr. Lurtz
06/13/2025
Turning Panic into Trust with Dr. Lurtz
When markets are volatile, your clients look to you for clarity—but before they can truly hear your technical advice, they may need something deeper: to feel emotionally steady and heard. In this episode, Dr. Meghaan Lurtz, behavioral scientist and partner at Shaping Wealth, joins host Cary Sinnett to explore the power of a question-led approach for CPA financial planners. You’ll learn how leading with well-timed questions—not immediate answers—can reduce client panic, build trust, and actually enhance the effectiveness of your financial guidance. 💡 Key Takeaways for CPA Financial Planners: Why Questions Matter First: Jumping straight to solutions can trigger resistance. Asking grounding questions reduces panic and restores agency. Think Like a 911 Dispatcher: Just like emergency responders, planners can help clients regain control by starting with calm, relevant questions. Examples That Work: Dr. Lurtz shares specific questions that uncover what’s really driving client fear—and how to tie responses back to values and long-term goals. From Emotion to Action: How to transition from emotional support to technical advice without losing momentum or empathy. 🛠️ Tools & Resources: ✅ Download Dr. Lurtz’s ✅ This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Volatile Markets, Smart Estates: Keebler’s Top Tax Plays
05/30/2025
Volatile Markets, Smart Estates: Keebler’s Top Tax Plays
When the markets swing, smart estate planning can make or break your client’s legacy. In this episode, Bob Keebler, CPA/PFS, joins Cary Sinnett to reveal the overlooked tax moves CPA financial planners need to know—from the strategic use of the Alternate Valuation Date (AVD) to avoiding costly missteps with the Kenan Doctrine. Learn how the 645 election can shift tax treatment in your favor, why timing and valuation matter more than ever, and how to deliver sharp planning with empathy during emotional times. If you advise estates in a volatile market, these insights could reshape your postmortem playbook. 💡 Topics Covered: Alternate Valuation Date: when and how it reduces estate tax Kenan Doctrine: the hidden capital gain trap in bequests 645 Election: unlocking more favorable tax treatment for trusts Managing concentrated positions and planning for liquidity Balancing technical expertise with compassionate client communication 🔗 Resources & More: Guide: Webcast: Article: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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How to Talk to Your Kids About Your Estate Plan
05/16/2025
How to Talk to Your Kids About Your Estate Plan
As CPA financial planners, we often encounter a painful reality: adult children who are surprised, or even hurt, by their parents’ estate plans—after it’s too late for discussion. In this episode, Cary Sinnett speaks with Kelley Long, a respected fee-only financial wellness coach and former bank trust officer, about how proactive communication can help families preserve relationships and honor intentions. Kelley offers practical, thoughtful strategies for advisors to help clients initiate and navigate these conversations. Topics include: The ideal timing for involving heirs in estate planning discussions Balancing fairness and transparency, especially when distributions are unequal How to help clients overcome the fear of conflict or entitlement The importance of framing the conversation around values and legacy, rather than specific financial details The role of ethical wills in clarifying intent and reducing misunderstandings Key Insight: Estate planning is not just a legal or financial process—it’s a relational one. When clients are supported in sharing their intentions and values clearly, the outcome is not just a smoother transition of wealth, but a stronger foundation for family unity. Resources: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Financial Gratitude: The Behavioral Advantage Every CPA Planner Should Leverage
05/02/2025
Financial Gratitude: The Behavioral Advantage Every CPA Planner Should Leverage
In this thought-provoking episode, Dr. Meghaan Lurtz joins Cary Sinnett to explore a deceptively simple concept with powerful implications: financial gratitude. Discover how shifting the conversation from scarcity to sufficiency helps clients make better long-term decisions, build trust, and find meaning in their financial journey—especially in volatile times. 💡 What You’ll Learn: Why gratitude is more than a feeling—it’s a behavior that shapes financial planning success How to introduce reflective questions that don't feel “woo-woo” in a CPA-led client meeting When not to invoke gratitude: understanding the line between healthy reflection and toxic positivity Practical ways to weave gratitude into your meetings, newsletters, and client appreciation events How this subtle shift leads to stronger client connections, better retention, and higher satisfaction 💬 Key Quote: “Gratitude changes the conversation, not just the mood. It’s not about ignoring tough realities—it’s about helping clients find agency, perspective, and partnership in the plan.” 📘 Perfect For: CPA planners who want to differentiate themselves with a human-first approach—without sacrificing technical precision. Resources: Dr. Lurtz has designed resources for financial advisors who want to create more emotionally intelligent and connection-rich client conversations: . . AICPA: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Business Exit Transitions for CPA Financial Planners
04/18/2025
Business Exit Transitions for CPA Financial Planners
Host Cary Sinnett and business transition advisor Mike Benedict discuss how to prepare business owners for one of their largest lifetime transactions—exiting their business. The conversation covers key aspects of pre-transaction preparation, valuation methods, building a sell-ready business, and leveraging tax strategies to maximize outcomes. Key Insights Pre-Transaction Preparation: Use a thorough quality of earnings review—similar to staging a home—to highlight strengths and avoid surprises during due diligence. Integrated Planning: Blend exit strategies with overall financial and estate planning to manage tax implications and valuation challenges seamlessly. Realistic Valuation: Rely on recast financials and market comparable to determine a fair, median value that avoids skew from outlier offers. Sell-Ready Business: Aim for a business that operates independently, with strong margins and a robust management team, to attract quality buyers. Strategic Tax Optimization: Apply targeted tax strategies and leverage specific IRS elections to minimize capital gains and enhance the net proceeds from a sale. Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. Guide: Podcast: Podcast: This episode is brought to you by the , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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When theft gets taxing with Bob Keebler
04/04/2025
When theft gets taxing with Bob Keebler
In this episode, Cary Sinnett is joined by renowned CPA and tax expert Bob Keebler to unpack the complexities of theft and casualty loss deductions under IRC Section 165. From pig butchering scams to IRA fraud and Ponzi schemes, this episode dives deep into the kinds of losses the IRS will—and won’t—let you deduct, what qualifies as a profit motive, and how financial planners can guide their clients through one of the most emotionally and financially painful tax situations. Five Key Insights for CPA Financial Planners: Profit Motive Determines Deductibility To qualify under Section 165(c)(2), a theft or loss must stem from a transaction entered into for profit. Losses from romantic or emotional scams—where no profit motive exists—do not qualify. Five Scam Archetypes to Know A recent IRS CCA outlined five fraud scenarios: Compromised account scams Pig butchering (crypto fraud) Phishing and impersonation Romance scams Kidnapping/extortion schemes Only the first three had profit motives and were deductible. The IRA Trap: The Tax Hit Before the Scam If a client is duped into withdrawing funds from an IRA and then loses the money to a scam, they face a double blow—taxable income and no deductible loss. CPA advisors must flag this risk early. Documentation Is Critical for IRS Support To substantiate a theft loss, clients need: Bank records (e.g., wire transfers) Law enforcement reports A clear, detailed paper trail showing the loss and the attempt to recover funds Directing the IRS to the assigned FBI agent can strengthen the claim. Mitigation and Planning: Protecting Vulnerable Clients Encourage older or high-net-worth clients to follow a “1–2% rule” on risky investments. Foster opens dialogue with family members and advisors to prevent fraud and ensure support if it occurs. Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. (the ruling discussed) 0 (Ponzi Scheme Safe Harbor) This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Estate Tax Repeal & Its Impact on Planning
03/21/2025
Estate Tax Repeal & Its Impact on Planning
In this episode of the AICPA Personal Financial Planning Podcast, host Cary Sinnett speaks with expert CPA estate planner Bob Keebler about the latest legislative efforts to repeal the estate tax. They discuss the implications for financial planners, strategies to consider, and how advisors can proactively help clients navigate potential changes. Key Takeaways: Estate Tax Repeal on the Horizon Bills have been introduced in Congress to repeal the estate tax while retaining the gift tax and repealing the generation-skipping transfer (GST) tax. The likelihood of repeal is uncertain, and any repeal may be temporary depending on future political shifts. Potential Scenarios for Estate Tax Reform Three possible outcomes: extension of the current Tax Cuts and Jobs Act (TCJA), total repeal, or a sunset of the current exemption levels. A sunset would likely be the least favorable for high-net-worth individuals, while total repeal could create new planning challenges. Implications for Estate Planning Strategies Portability rules could be affected, potentially eliminating the ability for a surviving spouse to use a deceased spouse’s unused exemption. Trust structures, such as bypass and GST-exempt trusts, may need to be reviewed and adjusted before any legislative changes take effect. Planning Ahead: A Limited Window for Action Advisors should consider creating GST-exempt trusts in 2025 before any repeal is enacted to preserve tax benefits. Reviewing and updating existing estate planning documents is critical to avoid unintended consequences if the tax law changes. Access resources and events related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit (PFP) to access show notes with direct links. This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Additional Social Security Payments for Some Clients
03/07/2025
Additional Social Security Payments for Some Clients
Cary Sinnett and Dan Snyder discuss the repeal of the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP), major changes impacting public workers, spouses, and retirees. Learn who is affected, how to claim retroactive payments, and key financial planning strategies. Key Takeaways: Who’s Affected? Retired public workers, teachers, police, firefighters, and spouses previously impacted by GPO/WEP. What Changed? The Social Security Fairness Act (Jan 2025) repeals GPO & WEP, allowing full Social Security benefits. Retroactive Payments: Eligible recipients may receive lump sums dating back to Jan 2024. Apply immediately to maximize benefits. Tax Planning Alert: Lump sums are taxable with no withholding—prepare for potential Medicare IRMAA impacts. Action Steps for Advisors: Identify affected clients, review tax strategies, and ensure timely applications. Access resources and events related to this podcast. Note: If you’re using a podcast app that does not hyperlink to the resources, visit (PFP) to access show notes with direct links: Guide: Webcasts: This episode is brought to you by the , the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Estate Planning & Portability
02/07/2025
Estate Planning & Portability
In this episode of the AICPA Personal Financial Planning Podcast, Cary Sinnett welcomes Bob Keebler, a nationally recognized expert in estate and tax planning. Together, they break down the critical topic of portability in estate planning—what it is, how it works, and why it matters for both financial planners and clients. Key Insights: Portability: Use It or Lose It – If you don't elect portability within the required time frame, the deceased spouse’s unused estate tax exemption is lost forever. Deadlines Matter – The DSUE must be filed within 9 months of death, but an extension up to 15 months is possible. For smaller estates, a late portability election may be available for up to 5 years. Bypass Trust vs. Portability – While portability can double a surviving spouse’s exemption, a bypass trust protects future growth from estate taxes. The right choice depends on long-term tax projections. Estate Planning in 2025 & Beyond – The current $14 million exemption per person is set to sunset in 2026, potentially dropping to $7 million. Planners must prepare clients accordingly. CPAs Must Be Proactive – Even if a CPA isn’t directly engaged for estate tax returns, they should ask key questions about a client’s estate plan, especially if the surviving spouse's assets could exceed the future exemption limit. Resources & Links: us your feedback Related video and slides: (exclusive to PFP Section members) This is a podcast from , together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows . Your feedback and comments welcomed at
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Advancing CPA Financial Planning: Insights from Leaders Brooke Salvini and Oscar Vives
01/24/2025
Advancing CPA Financial Planning: Insights from Leaders Brooke Salvini and Oscar Vives
Welcome to the AICPA Personal Financial Planning Podcast, hosted by Cary Sinnett. In this episode, Cary is joined by Brooke Salvini, Chair of the Personal Financial Planning (PFP) Executive Committee, and Oscar Vives, Chair of the PFS Credential Committee. Together, they dive into pivotal advancements in CPA financial planning, including the integration of Personal Financial Planning into the CPA exam, updates to PFP standards, and the evolving role of technology and artificial intelligence in the profession. Key Discussion Points: Introduction and Guest Backgrounds Brooke shares her tenure as Chair of the PFP Executive Committee and the dynamic changes during her leadership. Oscar highlights his leadership role in the PFS Credential Committee and his experience in financial planning since 2007. Major Milestones in 2024 Launch of the new CPA exam featuring Personal Financial Planning topics. Simplified pathways for earning the PFS credential, including express routes for experienced professionals. Outlook for 2025 and Beyond The impact of rapidly advancing technology and artificial intelligence in financial planning. Updated roadmaps to help CPAs incorporate financial planning into their services, regardless of their current practice model. Enhancements to PFP standards to keep pace with the evolving profession. Personal Financial Planning Engagements Redefining financial planning to include services such as retirement planning, tax strategies, and business structure advice. Addressing misconceptions about investment management as a barrier to financial planning. Exciting Developments for CPA Financial Planners The upcoming PFP Advanced Conference, returning in January 2026, blending the best of previous summits and conferences. Resources available at AICPA.org/PFP, including standards, templates, and the updated PFP roadmap for 2025. Resources Mentioned: Visit for tools, resources, and updates. Explore the pathways to earn the PFS designation. Review the tax and planning calendar for quarterly service opportunities. This is a podcast from , together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows . Your feedback and comments welcomed at
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Education Funding {PFP Section}
01/10/2025
Education Funding {PFP Section}
In this episode of the AICPA Personal Financial Planning Podcast, host Cary Sinnett welcomes Dr. Ross Riskin, Chief Learning Officer at the Investments & Wealth Institute and author of Guide to Education Planning. They dive deep into education planning strategies, including the benefits and complexities of tools like 529 plans, the importance of multi-generational funding conversations, and how to align education savings with broader financial goals. Here are five key takeaways from the conversation between Cary Sinnett and Dr. Ross Riskin: The Value of Education Planning Education planning remains highly valuable as it bridges generations, connects with next-gen clients, and addresses a significant knowledge gap among financial advisors. It also integrates with broader legacy and wealth transfer strategies. Importance of Multi-Savings Vehicles Financial planning for education isn't "one size fits all." Utilizing a combination of tools like 529 plans, brokerage accounts, and Coverdell accounts helps optimize funding, flexibility, and tax efficiency based on client priorities and state-specific tax benefits. Proactive Conversations Across Generations Successful advisors include grandparents, parents, and even extended family in funding discussions early on. Understanding their contributions and intentions (e.g., lump sums vs. future pledges) is critical for accurate projections and family alignment. Strategies for Leftover 529 Plan Funds Excess funds can be strategically used by transferring beneficiaries, repaying student loans (up to $10,000 per person), or rolling into Roth IRAs for beneficiaries to support retirement planning. Financial Aid and Investment Oversight Advisors must understand financial aid policies, tax considerations, and investment flexibility within 529 plans, especially during distribution years. Monitoring allocations ensures funds are managed efficiently to preserve capital in high-interest environments. Show Notes: Conclusion Dr. Ross Riskin reminds us that effective education planning requires proactive conversations, personalized strategies, and leveraging tools like 529 plans for tax efficiency, legacy planning, and beyond. For more resources: Explore the AICPA PFP Section: . Get your copy of to build your expertise. Thank you for listening! Don’t forget to follow the podcast for future episodes featuring expert insights on tax, estate, investment, and financial planning.
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Deeper CPA Financial Planning Connections | Celebrating 30 Years in the Industry {PFP Section}
12/20/2024
Deeper CPA Financial Planning Connections | Celebrating 30 Years in the Industry {PFP Section}
This milestone episode celebrates 30 years of professional growth and client success, highlighting the dynamic evolution of the financial planning profession and the firm’s commitment to innovation and excellence. Five Key Takeaways: The Evolution of a Career in Financial Planning: Growth and succession is vital for a long-lasting impact. Lyle Benson introduces his son Chris. Chris Benson shares his journey from aspiring engineer to CPA financial planner, highlighting the pivotal moments that shaped his career, including his transition from a large CPA firm to the family firm. The Critical Role of Tax Planning: Tax returns form the foundation of the firm’s financial planning process. Tax strategy is woven into every aspect of wealth management, creating a seamless, cyclical approach to client service. Fixed Fees vs. AUM Model: The firm operates on a fixed-fee model, aligning services with client value while minimizing conflicts of interest, offering an alternative to traditional AUM-based fees. Technology Transforming the Profession: Advances in technology, such as digital systems and portfolio management tools, have revolutionized client service and firm efficiency. AI is seen as an augmentation tool rather than a replacement for human advisors. The Value of Community and Professional Networks: Active involvement in organizations like the AICPA and peer study groups has provided invaluable support, resources, and growth opportunities for both Chris and the firm. Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. in the Deeper CPA Financial Planner Connections podcast series. This episode is brought to you by the , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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The Power of Client Communication: 4S Framework for Financial Planners {PFP Section}
12/06/2024
The Power of Client Communication: 4S Framework for Financial Planners {PFP Section}
In this episode, Cary Sinnet and Mark Gochnour explore how effective communication builds trust and sets financial planners apart. Mark introduces the 4S Framework—a powerful tool for connecting with clients and simplifying complex concepts. Key Takeaways Why Communication Matters: Builds trust, fosters engagement, and differentiates you from competitors. Avoid overloading clients with technical jargon or unnecessary details. 4S Framework for Communication: Scripts: Prepare and practice concise responses to common questions. Stories: Share personal anecdotes to build emotional connections. Sketches: Use visual aids to explain concepts and engage clients. Supplements: Provide tangible materials to reinforce discussions. Actionable Insights: Tailor your language to clients’ needs and practice regularly. Join workshops at the AICPA PFP Summit in January to refine your storytelling and communication skills. Access resources and events related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links. : January 26–29, 2025, at Dimensional’s Charlotte office. Explore communication resources at . , the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Understanding Bitcoin: A CPA's Perspective
11/22/2024
Understanding Bitcoin: A CPA's Perspective
Mark Astrinos and David Oransky discuss Bitcoin's role in modern investing, addressing its speculative nature, practical uses, and potential as a long-term store of value. They explore how advisors and clients can approach Bitcoin thoughtfully, balancing skepticism with understanding. Key Topics Covered: Foundations of Investing: Saving vs. investing and the speculative nature of all assets. Bitcoin’s similarities to "digital gold" and its unique network benefits. Bitcoin’s Role in Portfolios: How Bitcoin compares to traditional assets like stocks, bonds, and gold. Its potential as an inflation hedge and long-term store of value. Practical Applications: Bitcoin enables global, permissionless transactions and portable wealth. Its scarcity-driven dynamics make it appealing amid fiat currency concerns. ETFs and Adoption: Bitcoin ETFs simplify access for investors and advisors. Direct ownership offers unique benefits but requires technical knowledge. Key Takeaways: Advisors should educate themselves about Bitcoin’s potential as a legitimate asset class. Even a small allocation to Bitcoin may offer diversification and inflation protection. Start with reputable resources like Fidelity and BlackRock or AICPA's PFP Division materials. Resources Available: A three part deep dive into bitcoin is available: . A video with slides This is a podcast from , together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows . Your feedback and comments welcomed at
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Talking about Medicare {PFP Section}
11/08/2024
Talking about Medicare {PFP Section}
Jim Sullivan from Pay4Care.org discusses significant changes to Medicare’s prescription drug coverage in 2025, particularly regarding the Medicare Part D plans and Medicare Advantage plans with drug coverage. Jim discusses key 2025 changes to Medicare Part D, including a new $2,000 out-of-pocket maximum for prescription drug costs. Beneficiaries can now opt for the Medicare Prescription Payment Plan, allowing them to spread out deductible payments monthly to ease early-year costs. The Open Enrollment Period (Oct 15 - Dec 7) is a vital time for beneficiaries to review their plans, as many premiums, copays, and formularies will change, and some plans will be discontinued. Clients should be proactive since plans may automatically transfer them to a different plan if theirs is terminated, potentially impacting drug coverage and costs. Jim urges advisors to support clients in ensuring their coverage meets their healthcare needs, prioritizing both affordability and the quality of care provided. Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links. Learn more on the latest proposals and regulations by accessing . You can also access Jim Sullivan’s on the AICPA website. A deep dive for advisors can be found in the . This is a podcast from , together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows . Your feedback and comments welcomed at
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Intersection of Health and Financial Planning {PFP Section}
10/22/2024
Intersection of Health and Financial Planning {PFP Section}
In this episode of the AICPA Personal Financial Planning Podcast, Cary Sinnett interviews Dr. Carolyn McClanahan, a physician and financial planner, on the importance of addressing healthcare in financial planning. They discuss how health and financial wellbeing are deeply intertwined, especially when planning for long-term care, aging, and unpredictable health events. Dr. McClanahan emphasizes the importance of having early conversations about healthcare plans, estate directives, and the costs of care to ensure families are prepared. How can financial planners integrate health-related conversations into their planning process, especially when clients are reluctant to discuss their health? What steps should families take to prepare financially and emotionally for potential long-term care needs, particularly when care costs can vary significantly between home care and assisted living? Why is it essential to have conversations about healthcare directives and long-term care preferences early, while everyone is still healthy? How can families plan for the financial impact of a loved one’s health event, especially when the timing and severity of such events are unpredictable? What role do tools like long-term care insurance, reverse mortgages, and hybrid life insurance policies play in safeguarding a family’s financial future in the face of rising healthcare costs? Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. Podcast: Guide: Podcast: This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Deeper CPA financial planner connections with Marianela Collado {PFP Section}
10/11/2024
Deeper CPA financial planner connections with Marianela Collado {PFP Section}
In this episode of "Deeper CPA Financial Planning Connections," Lyle Benson interviews Marianela Collada, CEO of Tobias Financial Advisors, about her career journey, the growth of her firm, and her role on the PFP Executive Committee. Marianela discusses her experience working with high-net-worth clients, the importance of estate and tax planning, and her approach to growing the firm's team and capabilities. She emphasizes the significance of proactive planning, developing new leaders within the firm, and her optimism for the future of the financial planning profession. How does proactive estate and tax planning benefit clients with a net worth between $7.5 million and $60 million? What strategies can financial planners use to provide personalized services to clients who are not ultra-wealthy but still require comprehensive planning? How can effective business succession planning enhance continuity and client service in a financial advisory firm? What are the benefits of incorporating a team-based approach in financial planning to address diverse client needs? How does integrating technology improve the efficiency and accuracy of financial planning processes for clients? Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. in the Deeper CPA Financial Planner Connections podcast series. This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Changes and clarifications with the SECURE Act final regulations {PFP Section}
09/27/2024
Changes and clarifications with the SECURE Act final regulations {PFP Section}
Expert Bob Keebler, CPA PFS, breaks down the final regulations of SECURE Act 2.0. Difficult RMD questions are answered and complexities explained. What is the difference between RMD rules for an IRA owner who dies before their required beginning date (RBD) versus after their RBD under the SECURE Act? Who qualifies as an Eligible Designated Beneficiary (EDB), and how are they treated differently under the SECURE Act when it comes to distributions? What is the significance of the 327 Election for surviving spouses with a significant age gap, and how does it impact the timing of distributions? How does the SECURE Act's treatment of Roth IRAs differ from traditional IRAs regarding post-mortem distributions and the 10-year rule? What tax penalties are introduced starting in 2025 for failure to comply with the new RMD rules, and how can financial planners develop strategies to minimize these penalties? Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Practical tips to help clients with unintended early withdrawals from 401(k) plans {PFP Section}
09/13/2024
Practical tips to help clients with unintended early withdrawals from 401(k) plans {PFP Section}
In this podcast, Kelley Long, a CPA financial planner, discusses two overlooked 401(k) scenarios that can lead to unexpected taxes or penalties: when someone leaves their job with an outstanding 401(k) loan, and when an employee's contributions are refunded due to plan testing failure. Kelley explains how to avoid penalties by making loan payments into a rollover IRA before the tax return deadline and highlights the importance of identifying whether a 401(k) plan is safe harbor to prevent contribution limits for highly compensated employees. Questions answered: What happens if I leave my job with a 401(k) loan? How can I avoid early distribution penalties after leaving my job? What is a "return of contributions" in a 401(k) plan? How does being a highly compensated employee affect 401(k) contributions? What is a safe harbor 401(k) plan, and why is it important? Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Deeper CPA Financial Planner Connections, Lyle Benson {PFP Section}
08/19/2024
Deeper CPA Financial Planner Connections, Lyle Benson {PFP Section}
Lyle Benson and his guests discuss how the upcoming AICPA Personal Financial Planning (PFP) Summit scheduled for January 2025 in Charlotte, North Carolina promotes the importance of networking and deepening our peer relationships. This 9th annual PFP Summit is an example of how connecting with other leaders through deep discussions on mutually beneficial topics can benefit both individuals and the CPA financial planning profession. Lyle’s conversation with guests includes these topics (and more) and how PFP Summit addresses them: Finding an environment where professionals can engage deeply with a blending expert presentations with participant discussions. Combining both larger interactive group discussions with informal and smaller gatherings that together can solidify long-term professional relationships. Prioritizing the on-going development of community that builds on the initial “study group on steroids,” experience and extends during the year with other formal and informal activities, such as the PFP Summit Presents virtual follow-up meetings. Carving out time to address broader themes providing challenges and opportunities in financial planning, such as leadership, succession planning, and emerging issues like artificial intelligence. The podcast highlights the PFP Summit’s unique approach to professional development and community building; looking forward to the new opportunities the 2025 event will offer. Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links. in the Deeper CPA Financial Planner Connections podcast series. to be held in Charlotte, NC on January 26-29, 2025, with a current early bird registration discount. Attendance is limited to 120 people to encourage networking and interaction. This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Digging Deeper with your Clients, Part 3 of 3 | {PFP Section}
08/09/2024
Digging Deeper with your Clients, Part 3 of 3 | {PFP Section}
In this final installment of Debra Taylor’s Digging Deeper series, she focuses on tax planning. After reviewing the importance of a structured service calendar and proactive client communication, she outlines five essential steps for effective tax planning and highlights 20 key tax planning strategies. This is an approach to broaden your tax planning to addressing the financial planning needs of your clients. Debra answers questions like these in the podcast: What are the five essential steps for effective tax planning? How can financial advisors use diagnostic software in tax planning? What are some key strategies for tax planning that advisors should consider? How can comprehensive tax planning benefit clients financially? Many of the PFP Section resources provide ideas on topics that can be discussed throughout the year including: Debra Taylor’s video archive Debra Taylor’s previous podcasts Digging Deeper with your Clients, and The is a great tool to get feedback from your clients on what is really important and can guide your conversations throughout the year This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Deeper CPA financial planner connections with Karen Goodfriend {PFP Section}
07/26/2024
Deeper CPA financial planner connections with Karen Goodfriend {PFP Section}
In this episode, Lyle Benson and Karen Goodfriend discuss Karen's journey as a CPA financial planner, highlighting her transition from corporate aspirations to a focus on personal financial planning. Karen emphasizes the importance of integrating psychological aspects with technical financial planning, especially for clients experiencing sudden wealth. In this episode of the PFP Section podcast, Lyle Benson interviews Kelley to share more of her story with our community. The conversation includes Karen’s experience and perspective on topics like: Benefits and opportunities of remote work Technology’s evolving role of technology and its impact on remote collaboration Importance of the supportive CPA financial planning community and mentorship Significance of maintaining a balance between technical expertise and client relationships The CPA financial planner’s role in the broader financial planning ecosystem Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. in this series. T Learn more about the for getting educated and attaining your CPA/PFS. This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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Digging Deeper With Your Clients, Part 2 of 3 {PFP Section}
07/12/2024
Digging Deeper With Your Clients, Part 2 of 3 {PFP Section}
As a follow-up to Debra’s webcast Planning for Clients with $1-15M in Net Worth, she discusses a much more organized approach for tax planning. A year-round planning calendar clearly shows how you apply tax planning to their financial decisions. The events encompassed in the calendar reinforce the key goals of a successful plan. As CPAs you talk tax planning, but here are ways to apply it with your client discussions that will allow you to be better organized, improve client retention and expectations and justify your fees. Debra answers questions like these and more: How can a year-round planning calendar improve client retention and team organization? What are the five key elements of a great financial plan? How do you differentiate your tax planning from the firm down the street? How does tax planning affect financial planning? Many of the PFP Section resources provide ideas on topics that can be discussed throughout the year including: Debra Taylor’s video archive is a 4-volume guide that serves as a reference for many client questions and strategies. The is a great tool to get feedback from your clients on what is really important and can guide your conversations throughout the year This episode is brought to you by the AICPA’s , the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the , which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us to join our community, gain access to valuable member-only benefits or learn about our . Subscribe to the PFP Podcast channel at to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.
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