Financial planning news from around the web: May 4 – 8, 2020

Video: Fielding tough financial planning questions
If you’re being bombarded with questions about market volatility, the AICPA’s Personal Financial Planning Executive Committee Chair Susan Tiller, CPA/PFS provides tips on reassuring your clients.

Why retirees might want to skip RMDs this year
The Coronavirus Aid, Relief and Economic Security Act lets retirees forgo required minimum distributions from 401(k) plans and other accounts for 2020. This strategy lets retirees limit tax bills and gives accounts time to recover from market turbulence.

Advisers should be able to use the pass-through deduction
Amid the unprecedented economic disruption, independent contractor financial advisers are among the small business owners adversely impacted

How a surprise pandemic reinforced the need for financial advice
While, individually, scenarios like the COVID-19 pandemic are extremely high impact/low probability events, advisors still need to help clients prepare for the reality that bad things do happen regularly. Each new crisis usually comes at us from a different place, so our planning for the worst must reflect that reality.

Tech Corner - Companies equip cameras with AI to track social distancing and mask-wearing
Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing.

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