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Those shifts in thinking are: day-to-day financial and/or health care
■ Shifting away from earning toward spend- affairs. About the
ing savings without its feeling like a moral author
failing; SHIFTING FROM SAVING TO SPENDING Kelley C. Long,
■ Shifting the tax goal away from minimizing When clients say that they are looking for help CPA/PFS, CFP, is a
taxes on a year-by-year basis toward sometimes answering the question of how much they can personal financial
coach in Tucson,
safely spend in retirement, what they’re also looking
intentionally incurring taxation to minimize
IMAGE BY JAYK7/GETTY IMAGES ■ Shifting from the belief that durable and when most of their adult life has likely been focused
Ariz.
for is coaching around how to even start spending
the total retirement tax bill; and
on earning and saving. The way clients approach the
medical powers of attorney should be given
shift from saving to spending will depend greatly
to one’s spouse toward naming younger
on their established money habits.
family members or trusted local professionals
who could potentially manage both spouses’
journalofaccountancy.com For more frugal clients, a CPA’s role may September 2022 | 23