Well fellow advisors, I came across another amazing Tweeter thread that is important to save and not let it get buried. This time it is from Jeff Levine, CPA/PFS, CFP® regarding the SECURE ACT.

Jeff did an amazing job distilling many of the important parts for financial advisors. Thanks, Jeff! And now your tweet is permanently stored here for advisors to come back to and find it. Below you will find a few of his extensive thread - best to click the link and read the entire thread which contains so much information.

Advisors, if you come across other tweets or information that you feel should be preserved somewhere, message us.


OK, kids are finally asleep, so it's time to nerd out on the SECURE Act for a little bit (i.e. the next few hours). Buckle up...

Let's start w/ the big news... the 'Death' of the 'Stretch'. In fairness, it isn't dying a complete death...

— Jeff Levine, CPA/PFS, CFP® (@CPAPlanner) December 17, 2019


It's just that MUCH fewer people will qualify to be able to stretch distributions. Instead, most new (more on this in a bit) designated beneficiaries will have to empty inherited retirement accounts by the end of the 10th year following the year of death.

— Jeff Levine, CPA/PFS, CFP® (@CPAPlanner) December 17, 2019


Ok, let's switch gears up and talk about the very first Section of SECURE, which deals w/ MEPs. Many advisors are not super-familiar w/ them, but if you're not, you should do yourself a favor and do it QUICK. They're about to get a lot more popular.

— Jeff Levine, CPA/PFS, CFP® (@CPAPlanner) December 17, 2019


Imagine building your own super-tricked-out, low-cost, bad-ass 401(k) that you can offer to any biz you work w/ (or that wants to work w/ you).

You can have 1 big MEP for everyone! Streamlines things for advisors, which SHOULD lead to cost efficiencies for end-clients.

— Jeff Levine, CPA/PFS, CFP® (@CPAPlanner) December 17, 2019


For more comprehensive coverage, visit Kitces.com blog.

Picture credit: Photo by Louis Velazquez on Unsplash

Another tweet thread that needed to be saved from being buried. Financial Advisors, as you consider what to do for Holidays for gifts for your clients, check out this Tweeter thread for ideas.

Chocolate for the win - our bias

Below, just highlighted a few that looked interesting.

Fellow advisors - what's the best client Christmas present you have sent out? (except @behaviorgap's calendar!)

— Georgie Loxton, CFA (@GeorgieLoxton) November 8, 2019

More expensive than the calendar, but have you seen the small framed Gratitude print we just released?

— Carl Richards 💡 (@behaviorgap) November 9, 2019

College sweatshirts to their grandchildren of their alma mater...don’t know how that plays in the Bahamas though 🤷🏼‍♂️

— Brandon Moss (@brandonlmoss) November 8, 2019

'A Christmas Carol' by Charles Dickens or 'The Greatest Gift' (the short story on which It's a Wonderful Life is based). Both short festive books with money and the meaning of life at the core. I had many thanks those years. pic.twitter.com/bQkrV6cTZc

— Alex Riley (@AlexandreRiley) November 8, 2019


These. First gifts clients have ever asked to have run back. Also a VERY small business, so there is that.

— Michael Radcliff, CFP Ⓡ (@mikeradcliff) November 8, 2019

If you have other ideas, please share and we can post here.

Photo by Jude Beck on Unsplash

Preserving shared knowledge

I was reading a tweet from Patrick OShaughnessy and saw the replies. I thought it would be a good idea for us to memorialize the tweet and many of the replies before they are lost in the abyss.

Our goal: Help financial advisors

We are going to make this a permanent thing in keeping with our goal. Advisors, you can come back in the future and look for posts with "Tweets for thought" as a heading and be able to pull up others that we may post here. This is the first one. 🙂

And if you would like us to post something, please reach out. You can DM us or email us at "anand @ pulse360.com" (remove the spaces).

Without further ado...this is just a sampling of some great ideas - follow this thread for more replies and gems not captured here.

Financial advisors: in what ways (other than referrals) do you 1) find new prospects and 2) initiate first contact with them?

— Patrick OShaughnessy (@patrick_oshag) December 1, 2019

1. Be active (for me...golf, social events, organizations, etc)
2. Introduce myself with the genuine interest in getting to know people, making friends, and build my/their network.

— Shean Fletcher (@SheanFletcher) December 1, 2019

Most successful (repeatable) offline BD channel for advisors we have seen is Centers Of influence (tax planners, estate lawyers)

— Andres Garcia, CFA (@andrgarc) December 1, 2019

Local organic search + online scheduling tool + office manager calls them within 24 hour of scheduling to thank them and ask what pressing questions they have: https://t.co/gTtJfZcJb6

— Taylor Schulte, CFP® (@DefineFinancial) December 1, 2019

Probating a will is done publicly, lists amount of assets in probate, names of individuals who are receiving assets and their attorneys information. Send a letter to each explaining services.

— AndrewFactor (@AndrewFactor) December 1, 2019

Write an eBook or white paper. Make it a call to action on your website. Both on the home page AND on your bio page. Get traffic to your site. My eBook gets me 3-5 leads per week.

— Mark Tepper (@MarkTepperSWP) December 1, 2019

I have seen booths at local events. Not sure how they work out but great for name recognition.

— Anand Sheth / Helping Advisors (@AnandSheth2) December 1, 2019

For me it’s people who work at the same two companies. Getting to know their benefits plan and then sharing that. I mostly find them on social media, and I initiate contact through email and phone calls.

— Michael Policar (@15MinuteFA) December 1, 2019

Made with ❤️ in Riverside, CA & Farnham, UK
© 2022 Pulse360, Inc. All rights Reserved.