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Description
In this continuing education session, learners will review 3 Nerd’s Eye View blog articles: “How Much Does Having The ‘Right’ Capital Market Assumptions Matter In Retirement Planning?”, “How RIAs Can Craft An Effective Operating Agreement That Aligns Owners’ Interests And Mitigates Risks”, “Why Health Savings Accounts (HSAs) Aren’t Always Worth The ‘Triple Tax Savings’ Advantage”.
In the first article, Justin Fitzpatrick, Ph.D., CFP, CFA, evaluates the impact of accurate and precise Capital Market Assumptions (CMAs) on the ability to advise clients on how much they can withdraw in retirement and other factors that could impact the ideal level of retirement spending a client engages in. In the second article, Richard Chen explains the importance of thoughtfully crafting RIA operating agreements with both current and future business need in mind. In the third article, Ben Dobler explains the personal and financial circumstances that may make High Deductible Health Plans (HDHP) and their associated Health Savings Accounts (HSAs) less beneficial to a client than other health care insurance options.
Learning Objectives
1. Describe the role and limitations of Capital Market Assumptions (CMAs) in retirement income planning.
2. Identify strategies to mitigate associated risks of inaccurate CMAs on retirement spending advice.
3. Recognize the importance of operating agreements in protecting the interests of RIA owners and their role in succession planning.
4. Address common mistakes in preparing operating agreements and the necessary steps to create an effective and comprehensive document for RIA firms.
5. Explain the advantages and disadvantages of Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) in relation to tax benefits and healthcare costs.