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Greg Geisler, Ph.D. to be recognized for outstanding contributions to building the base of professional knowledge in financial planning

 

DENVER (June 7, 2017) – The Financial Planning Association® (FPA®) is pleased to announce the recipient of the 2017 Montgomery-Warschauer Award is Greg Geisler, Ph.D. for his January 2016 Journal of Financial Planning article, "Could a Health Savings Account Be Better than an Employer-Matched 401(k)?"

 

Now in its sixth year, the Montgomery-Warschauer Award honors the paper published in the Journal of Financial Planning that provided the most outstanding contribution to the betterment of the profession in the preceding year. This award was named for the late Henry Montgomery, who helped create the Journal, and Tom Warschauer, the Journal's first academic editor.

 

Winners are selected based on nominations by the Journal's editorial staff, including the practitioner editor and academic editor, along with the votes of the Journal's Editorial Advisory Board. The award will be presented to Geisler at the 2017 FPA Annual Conference Oct. 2-4, 2017.

 

The paper authored by Geisler provides financial planners with the tools needed to assess and potentially recommend Health Savings Accounts (HSAs) as a wealth maximization option, where available. It also provides the tax-efficient rank ordering for contributing to HSAs, retirement accounts, and 529 accounts, and for paying debts. In the paper, Geisler shows that the tax savings on many employees' contributions to an HSA increases wealth by more than an employer match on the same employees' 401(k) contributions.

 

"Dr. Geisler has provided the financial planning community with an eye-opening analysis of the power of health savings accounts (HSAs) to maximize client wealth. Most interestingly, he has analyzed HSAs in relation to retirement accounts, 529s, and debt reduction strategies, and demonstrated that funding the HSA first is often the optimal strategy," says Dave Yeske, DBA, CFP®, a principal of Yeske Buie and Journal of Financial Planning Practitioner Editor. "Best of all, Dr. Geisler offers a robust set of financial planning policies/decision rules to guide practitioners in choosing the appropriate rank ordering for funding those strategies based on each client's unique circumstances. An important new tool has been added to the financial planner's toolkit as a consequence of this insightful analysis."

 

With an interest in conducting research on how taxes impact financial planning, Greg Geisler, Ph.D., is a Professor of Accounting at University of Missouri-St. Louis (UMSL) where he teaches courses on Income Taxation and a course on Taxes and Investments to graduate students. Geisler has been published in several trade journals, including three papers in the Journal of Financial Planning. He holds a Ph.D. in Business from University of North Carolina-Chapel Hill, an MBA from University of Pittsburgh, and Bachelor's degree in Accounting from the University of Notre Dame. At UMSL, Geisler has won both the Governor's Award for Teaching Excellence and the Chancellor's Award for Excellence in Teaching.

 

"This paper addresses an increasingly common question for investors. In financial wellness programs and education seminars, participants often ask how to prioritize their savings among 401(k), 529, and HSA plans," says Journal Editorial Advisory Board Member Gaobo Pang, Ph.D., CFA. "This paper offers a rank ordering of these actions and is an excellent review for many planners/investors to consider. The recent legislative attempt to reform health care had the intent to double HSA contribution limits. That hasn't happened, and the importance of the HSA as a second – or even primary – retirement vehicle has not been widely recognized."

 

Geisler will present the award-winning research at the 2017 FPA Annual Conference in Nashville. FPA will also make a $1,000 donation to the University of Missouri-St. Louis Accounting Department in Geisler's name.

 

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About the Financial Planning Association

The Financial Planning Association® (FPA®) is the principal professional organization for CERTIFIED FINANCIAL PLANNERTM (CFP®) professionals, educators, financial services professionals and students who seek advancement in a growing, dyna​mic profession. Through a collaborative effort to provide more than 23,000 members with One ConnectionTM to tools and resources for professional development, business success, advocacy and community, FPA is the indispensable force in the advancement of today's CFP® professional. Learn more about FPA at www.OneFPA.org and follow on Twitter at twitter.com/fpassociation.

 

About the Journal of Financial Planning

First published in 1979, the mission of the Journal of Financial Planning is to expand the body of knowledge of the financial planning profession. With monthly feature articles, interviews, columns, and peer-reviewed technical contributions, the Journal's content is dynamic, innovative, thought-provoking, and directly beneficial to financial planners in their work. Learn more at www.FPAJournal.org.

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