Required minimum distributions (RMDs) are certainly a reason that a person’s tax rate might go up in retirement, but they’re not the only reason. There are a number of possible scenarios in which a person faces higher taxes in retirement when compared to their earning years. (And if you need help with planning for taxes in retirement, consider matching with a financial advisor.)
Requesting and reviewing tax returns as a financial advisor puts you in the minority, which creates huge opportunities.
With all the COVID changes the last couple of years, a lot of tax and financial professionals are going to be caught off guard by student loan changes in 2023.
More important than any designation is what you are actually doing to deliver value to clients
Tax information is abundant, but not necessarily helpful. Great Advisors need to make sure they are focusing on education in their client process.
For most people $1 of tax savings is better than $10 of investment return, it's about the emotions behind it.
