We’re excited to announce two new resources this month to help you be more diligent in the planning process. Details are below:
New Checklist: What Issues Should I Consider When Establishing My Charitable Giving Strategy?
Many of your clients are charitably inclined but need help aligning their resources, priorities, and philosophy. As a financial advisor, you are uniquely positioned to counsel clients as they determine what, when, and how to give to charitable organizations. By analyzing each client’s unique situation, you can identify opportunities and model outcomes in order to optimize the impact of charitable gifts.
New Flowchart: Should I Take My Pension As A Lump Sum?
Although increasingly rare, employer pensions can make up a considerable portion of your clients’ expected retirement benefits. Whether they are nearing retirement or are already receiving ongoing pension payments, clients may have the option to choose a lump sum distribution/buyout instead of a lifetime stream of payments. Several factors must be analyzed in order to determine what course is best for your client and their unique circumstances.
The end of the year seems like it is right around the corner for many advisors. Advisors are working to wrap up 2020 planning items, but are also starting to prepare for 2021. With that in mind, look at these two resources which may be particularly helpful over the next two months.
Updated for 2021: Important Numbers
There are lots of important numbers that advisors need to keep in mind. In response to this challenge, we’ve created the two-page “Important Numbers” guide. This quick reference guide covers the most important annual limits, as well as, figures that are commonly referred to during the year. Updated quickly based on member feedback.
Timely Resource: What Issues Should I Consider Before The End Of The Year?
The end of the year provides a number of planning opportunities and issues for financial advisors to discuss with their clients. Year-end topics can include tax planning, investment, and retirement accounts, charitable giving, cash flow and savings, insurance, and estate planning. In this checklist, we cover a number of planning issues that your clients need to consider prior to year-end to ensure they stay on track.
If you are a member, review these resources in our membership and:
- Proactively reach out to current clients for planning opportunities
- Proactively reach out to prospective clients as a touch-point
- Deluxe members create your own custom branded resources and share on your blog and newsletter
- Deluxe members incorporate your custom branded resources into your marketing (learn more here)
- Premier members can complete interactive versions of the checklists and integrate with Redtail and Wealthbox (learn more here)
- If you are not a member, you can view a sample checklist or sample flowchart and get a membership here. Then, take the steps listed above for our current members!
See our Summary Resources Guide, which shows all the resources.
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.
