Dr. Carolyn McClanahan is getting a lot of press lately, and deservedly so; readers of this newsletter know that she’s single-handedly pioneering a broad new service offering around health care costs, thrifty purchases of health insurance and end-of-life planning. Alas, very little of this thinking was actually captured in the Financial Advisor cover article, but at least the article lets us know who McClanahan is.
Meanwhile, Ric Edelman is not fond of annuities, and I think he means variable annuities, but it would be nice if the article were more specific. The rest of the magazine is infested with fold-ins, advertising sections and ads that actually take up the next two pages after the opening fold of the cover article. Not much there…
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There are a lot of good, relevant articles in this issue of Financial Planning, but the most important is the annual technology survey, which you should probably read in its entirety. It’s interesting to see that there are still a lot of people calling themselves advisors or financial planners who still don’t use CRM or financial planning software, and a shockingly high number aren’t using client risk tolerance assessment tools either.
I also liked the Ed Slott article for its reminder of things that are often overlooked in IRA distribution planning, and Martin Shenkman’s reminder that you can effectively make sure trust asset gains never make it into the U.S. tax system—if you handle the document language correctly and act before the client dies. Meanwhile, Veres is running for king of America. You can see his campaign platform below, which is somewhat different from the platforms of the major parties.
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