Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that Senate Republicans this week launched their model of main tax laws, following the passage of comparable laws within the Home of Representatives final month. Whereas the core of the Senate laws largely mirrors that of Home-proposed measures, together with completely extending (i.e., with no scheduled sundown) the decrease particular person tax charges enacted as a part of the Tax Cuts and Jobs Act (TCJA), and sustaining the property tax exemption at TCJA-prescribed ranges (which might attain roughly $15 million in 2026), there are a number of variations between them (e.g., with the Senate sustaining the $10,000 cap on the deductibility of State And Native Taxes [SALT], whereas the Home would increase the restrict to $40,000, topic to sure revenue limitations). Additional, disagreements on different components of the laws (e.g., cuts to Medicaid spending) might make passing the laws by President Trump’s goal of July 4th difficult (although legislators would nonetheless have time to take action earlier than sure TCJA measures expire on the finish of the 12 months).
Additionally in business information this week:
- The SEC this week introduced that it’s axing a number of guidelines proposed throughout the tenure of earlier Chair Gary Gensler that may have impacted RIAs, together with the outsourcing and predictive information analytics guidelines and amendments to the Custody Rule
- An SEC committee has really helpful a number of reforms associated to the usage of necessary arbitration agreements by RIAs, although stopped in need of a name to limit them outright
From there, we have now a number of articles on retirement planning:
- The newest report from the Social Safety Board of Trustees reveals that whereas the date of exhaustion for the Social Safety belief fund approaches, policymakers nonetheless have a number of choices to shore up the system and stop any discount in advantages
- Many Individuals look like considering claiming Social Safety advantages primarily based on considerations about its sustainability and administration, providing a chance for advisors to offer a extra full image of how the system operates
- How delaying Social Safety advantages can doubtlessly generate a stronger return than a wide range of different funding choices
We even have a variety of articles on shopper communication:
- How utilizing a ‘grasp record’ of objectives will help reveal shopper objectives that they may not have considered on their very own
- How advisors can look at a shopper’s objectives to evaluate how they may react throughout future bouts of market volatility
- How advisors can encourage purchasers to change into extra versatile with their objectives to assist them keep away from happening an unsustainable path if circumstances flip in opposition to them
We wrap up with three closing articles, all in regards to the trendy office:
- A latest research of Microsoft person information finds that employees obtain a mean of 117 emails and 153 instantaneous messages every day (along with an onslaught of scheduled and impromptu conferences), creating distractions from focus work and sometimes main their workdays to bleed previous common enterprise hours
- Some analysis means that Individuals’ commutes have gotten longer amidst a rise in hybrid office insurance policies and rising dwelling costs
- Why worker stress isn’t just a matter of office wellness, however represents a enterprise danger for corporations as nicely
Benefit from the ‘gentle’ studying!