Weekend Reading For Financial Planners (June 10-11)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the House has passed legislation that would expand the definition of who qualifies as an accredited investor eligible to invest in certain private investments to include those who pass an exam designed by the SEC and those with certain licenses or educational backgrounds, including financial advisors. And given the opaque nature of many private investments, financial advisors could play an important role in helping their clients assess whether these opportunities make sense for their portfolio and broader financial plan.

Also in industry news this week:

• A study has found that during the past several years, investors are not just bypassing mutual funds for ETFs, but are increasingly investing in individual equities, booted by a new wave of younger market participants
• Congressional leaders are planning to introduce legislation that would fix a variety of drafting errors in “SECURE Act 2.0”, including sections regarding RMDs and IRA contribution limits

From there, we have several articles on cash flow and wealth:

• Why being ‘rich’ and being ‘wealthy’ are not necessarily the same thing and how advisors can help clients identify the differences
• How a client might have hundreds, and not just 4, “money scripts” that drive their financial decision-making
• How exploring a client’s social-emotional relationship with money can help explain their spending decisions and other financial choices

We also have a number of articles on retirement:

• Why many retirees are choosing “semi-retirements”, continuing to work part-time well after traditional retirement age
• Why the biggest challenge retirees face could be replacing the social networks they built during their careers
• 3 techniques advisors can use to help reluctant retirees spend more

We wrap up with 3 final articles, all about the path to career success:

• Why it is important to recognize that even the most successful individuals typically have to make sacrifices both along the way and in their current positions
• How to identify and mitigate the “microstresses” that build up throughout the workweek
• How cultivating a sense of moxie can help individuals address “impostor syndrome”

Enjoy the ‘light’ reading!

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