Posts by Keir

A young, single client approaches a CFP® professional with $5,000 stating that he would like to develop a financial plan and invest in the market. This is his first experience investing and he would like help choosing an appropriate account. What is the CFP® professional’s most appropriate course of action? A) Open a brokerage account with margin…

A client, Tom, informs a CFP® professional that his daughter, Susie, graduated from college last month and landed her first job. Tom wants to establish a Roth IRA for Susie. Tom wants to make a $5,000 contribution for Susie and explains that she does not know about investing and probably would not have the money…

Assuming no deaths in the intervening generations, which of the following is a skip person to Bill for the purpose of generation-skipping transfer taxes if Bill is currently 44 years old? A – Bill’s 4-year-old neighbor B – Bill’s 4-year-old nephew C – Bill’s 40-year-old work colleague D – Bill’s 8-year-old granddaughter by a previous…