A weekly recap of the best content published by rockstar AGC members around the world.
Quote of the Week
“One of the biggest shifts I have seen through the pandemic is that the clients and prospects want more of a cash “buffer.” Typically this is because they experienced some kind of reduction or complete loss of income during the past 18 months. I am writing more in-depth about emergency funds at a later date so do not want to go into too much detail. However, the rule of thumb that is taught by the CFP Board is that your emergency fund should be equal to 3-6 months of fixed expenses. Personally, I think that is not enough and you should have at least 3-6 months of total expenses. This is all dependant on your situation (i.e. single vs. married, employee vs. firm owner, etc.) and what makes you feel more secure. Are you more comfortable having a specific amount (e.g. $25,000) or the equivalent of 7 months of expenses or maybe 12 months expenses? Again, it is all specific to you.” (Matthew Ricks)
Employment Law Today – June 1, 2021 (Matthew Ricks)
How To Manage Commission Based Income (Thomas Kopelman)
A Look At Taxes On Nonqualified Stock Options (Travis Gatzemeier)
How to Handle Student Loan Debt in 4 Steps (Elliott Appel)
Unsung Benefits of the Paraplanning Path, with Jared Machen, CFP® (You’re a Financial Planner… Now What?, Matt Fizzell)