We’re continuing our efforts to review and update all of the checklists and flowcharts. Below is our biggest batch yet to be updated – 25 resources! In most cases, the changes are being made to improve clarity or to be more consistent in the language and terminology used from one resource to another. In other cases, we have added or updated planning points and decision points to the resources. Below is a summary of the most recently updated resources:
- What Issues Should I Consider Before I Retire? General clarification and clean-up.
- What Issues Should I Consider Before I Update My Estate Plan? General clarification and clean-up.
- What Issues Should I Consider During My Divorce? Additional tax planning points. General clarification and clean-up.
- What Issues Should I Consider If I Get A Promotion Or Raise At Work? Minor clarification and clean-up.
- What Issues Should I Consider If I Lose My Job? Updated to address coronavirus-related issues. General clarification and clean-up.
- What Issues Should I Consider If My Spouse Has Been Diagnosed With A Terminal Illness? General clarification and clean-up.
- What Issues Should I Consider To Fund My Child’s College Education? Corrected 529 distribution FAFSA point. General clarification and clean-up.
- What Issues Should I Consider When Getting Married? General clarification and clean-up.
- What Issues Should I Consider When Buying a Home? General clarification and clean-up.
- What Issues Should I Consider When Reviewing My Health And Life Insurance Policies? Minor clarification and clean-up.
- What Issues Should I Consider When Reviewing My Property & Casualty Insurance Policies? Minor clarification and clean-up.
- What Issues Should I Consider When Starting A New Job? Minor clarification and clean-up.
- Am I Eligible for Social Security Benefits as a Spouse? General restructuring to add new decision points. Minor clean-up.
- Am I Eligible for Social Security Benefits as a Surviving Spouse? Technical clarifications and minor clean-up.
- Am I Eligible for Social Security If I’m Divorced? General clarification and clean-up.
- Can I Do a Qualified Charitable Distribution From My IRA? Added detail to various decision points. Updated for The SECURE Act.
- Do I Qualify For Social Security Disability Benefits? Corrected typo. Minor restructuring. General clarification and clean-up.
- If I Retire Early, Should I Buy Health Insurance Through The Health Insurance Marketplace? Minor clarification and clean-up.
- Is The Distribution From My 529 Plan Taxable? Bridge in logic flow to eliminate dead-end. Re-phrasing of education credit decision points. General clarification and clean-up.
- Should I Inherit My Deceased Spouse’s IRA? Updated for The SECURE Act (RMD age, new beneficiary classes and distribution rules).
- Will I Avoid IRMAA Surcharges On Medicare Part B & Part D? Minor clarification and clean-up.
- Will I Avoid Social Security’s Government Pension Offset? Updated the logic flow. General clarification and clean-up.
- Will I Avoid The Social Security Windfall Elimination Provision? Updated to 2020 numbers. Minor clarification and clean-up.
- Will My Roth IRA Conversion Be Penalty-Free? Minor clarification and clean-up.
- Will The Distribution From My HSA Be Tax-Free? Age bracket clarifications. General clean-up.
As always, we welcome feedback from advisors who are having these conversations with their clients. How can we improve these resources? We want to hear from you. And if you have an idea for a resource, let us know.
To diligent planning,
The fpPathfinder Team
PS – You can learn more about becoming a member of fpPathfinder or upgrading your membership here.