INTERACTIVE TALKING POINT
Working with Irrationality
Financial planning clients often defy logical expectations in expressing their desires and in their actions. So do advisers themselves. The behavior may appear irrational. Behavioral economist Dan Ariely says that this is neither intrinsically bad nor good, just another variable one needs to understand and work with.
What irrational decisions have you made lately in your professional life?
Did they harm you or your clients?
What are the most typical kinds of irrational behavior you see in your clients?
How do you respond to it?
Discuss these and related questions with your colleagues on the FPA LinkedIn site (member login required).
INTERACTIVE
Technology Made Easy
The FPA Practice Management Center brings the complicated world of technology to you in a clear and practical fashion. Get access to articles, software reports, an adoption plan, and more with your FPA member login, at www.FPAnet.org/PracticeManagement/Technology.
ONLINE-ONLY ARTICLES
Understanding Stimulus Spending, Budget Deficits, and the State of the U.S. Economy
by Satya B. Dutta, Ph.D.
The U.S. federal budget deficit is on track to reach $1.6 trillion in
fiscal year 2010–2011. How did we get here? Although deficits are
nothing new for the United States, an unprecedented series of events has brought us to where we are today. Will stimulus spending be the
key to recovery?
Maximizing the Potential of Re-Characterizing a Roth Conversion
by Robert Daigle, CFP®, CLU®, CTFA®
Before you consider re-characterizing a former conversion of a traditional IRA to a Roth IRA and a subsequent conversion to a Roth account of the same assets, be sure you’re up to speed on the timing and implications of re-characterizing.
PODCAST
Rationality and Irrationality with Dan Ariely
Hear what behavioral economist, bestselling author, and FPA Denver 2010 keynote speaker Dan Ariely knows about honorability, fear of volatility, and the wackiest of his trademark unusual experiments. www.FPAjournal.org/Home/PodcastPage
ONLINE REPORT
FPA 2010 Salary Survey Available this Month
Members who participated in the salary survey will receive access to the electronic report of the FPA 2010 Salary Survey; non-participants can buy it at www.FPAnet.org/SalarySurvey.
