When a QCD Check Goes Uncashed: Lessons for Planners and Clients
In late 2024, a 74-year-old client directed a $10,000 qualified charitable distribution (QCD) from his IRA. The custodian issued the check payable to the charity, but the check was never cashed. By mid-2025, the custodian canceled the check and returned the funds to the IRA. Here’s the problem: because the check was never cashed, no […]
Unlock Your Potential: Building a Fee-for-Service Personal Financial Planning Practice Course – January Edition
Are you a CPA looking to elevate your practice or perhaps seeking to transition into the field of personal financial planning? This October, we’re thrilled to offer an exclusive course designed just for you: Building a Fee-for-Service Personal Financial Planning Practice. Whether you’re a seasoned personal financial planner or a newcomer, this course is tailored […]
Join Paraklete Financial, Inc. – Revolutionizing Personal Financial Planning
At Paraklete Financial, we’re changing the way personal financial planning is delivered. Our firm is growing rapidly, and we’re looking for individuals who value integrity, objectivity, transparency, and excellence in their work—qualities that are more important than ever in today’s world. As CPAs, we understand that clients rely on us as their trusted advisers. At […]
Medicare Open Enrollment: What You Need to Know
Medicare Open Enrollment begins on October 15, marking a critical period for anyone currently enrolled in Medicare or about to enroll. During this time, individuals have the opportunity to review their Medicare coverage and make changes that better suit their needs. But what exactly is Medicare Open Enrollment, and what should you be aware of […]
UGA Terry College of Business Alumni Newsletter features donor spotlight on Susan Tillery, President & CEO of Paraklete Financial Inc.
We are excited to share the October 2024, UGA Terry College of Business Alumni Newsletter which features a special donor spotlight on Susan Tillery, President & CEO of Paraklete Financial Inc. Susan Tillery (BBA ’80) dreamed of one day joining the FBI. But everything changed when she took her first UGA tax course, recalling the advice her father […]
Unlock Your Potential: Building a Fee-for-Service Personal Financial Planning Practice Course – October Edition
Are you a CPA looking to elevate your practice or perhaps seeking to transition into the field of personal financial planning? This October, we’re thrilled to offer an exclusive course designed just for you: Building a Fee-for-Service Personal Financial Planning Practice. Whether you’re a seasoned personal financial planner or a newcomer, this course is tailored […]
Managing Risk with Insurance Products: AICPA Course on Risk Management & Insurance Planning
In our firm, we look for alternatives to insurance products in our application of risk management in a client’s personal financial plan. That being said, risk management on many occasions will require insurance products. They play a crucial role in an integrated personal financial plan. It involves identifying potential risks that could threaten an individual’s […]
New Proposal from SEC and FinCEN Calls for Investment Advisers to Identify Customers: Implications for Personal Financial Planning
In a significant move to bolster financial transparency and combat illicit activities, the U.S. Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN) have proposed new regulations requiring investment advisers to identify their customers. This proposal marks a crucial step towards enhancing the integrity of the financial system and ensuring that investment […]
Navigating Roth 401(k) Changes in 2024!
The SECURE 2.0 Act has introduced significant changes to Roth 401(k) plans which directly impacts an individual’s retirement planning strategies. Here’s a breakdown of key updates and how they influence personal financial planning: Key Roth 401(k) Changes Implications for Personal Financial Planning Investment Diversification – Diversify retirement savings across traditional and Roth accounts to balance […]
Maximizing Benefits from Educational Assistance Programs: Key Insights for Personal Financial Planning
Personal financial planning is not just about managing individual finances; it also encompasses planning for business owners and their enterprises. In an increasingly competitive job market, effective planning can significantly enhance employee benefits as part of a benefits package, such as a 401(k) plan. One valuable strategy for business owners is educational assistance programs, which […]
