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Financial planning news from around the web: March 28 – April 1, 2022

Written on Apr 1, 2022

In case you missed them, here are some recent interesting financial planning news items from around the web.

Inflation to boost future retiree health care costs
With inflation at a 40-year high, current and future retirees should expect health care costs to claim an even bigger part of their budgets, according to new research from HealthView Services, a leading provider of retirement health care cost data.

Rules for selling investments to related parties
Clients who wish to sell investments to family members should be aware that the IRS prohibits an investor from claiming losses on sales to "related parties." In this article, tax guru Julian Block breaks down the rules and explains how a client may salvage an investment loss.

Living trusts: The myths, the benefits and the rest
Living trusts don't reduce estate taxes or negate the need for a will. But a charitable trust does provide tax benefits.

The future of financial advice
Digital financial planning is a force multiplier that allows advisors to serve more people in a more insightful way.

Tech Corner - How to prepare for cyberattacks at a time of heightened threat
Fears of a cyber offensive accompanying the Russian invasion of Ukraine have yet to pan out, but that doesn't mean the danger has passed. In a Q&A, cybersecurity expert Allison Davis Ward, CPA, assesses the cyberthreat landscape and describes what fellow accountants should do to protect their firms, companies and clients.