Blog
Navigating Market Uncertainty: Insights from CFP Board’s Recent Webinar
CFP® Board In The News In times of volatility, financial planners are often the first call – and sometimes, the last line of calm. That’s why the CFP Board’s recent webinar, “The Power of a Plan: Navigating Market Uncertainty With Confidence,” couldn’t be more timely. The event brought together industry voices to reinforce one powerful…
Premiums on disability and or life insurance on the principals and the key employees
Insurance PlanningLesson 17: Business Uses of Life and Disability Insurance Student Question: I have a quick question regarding buy/sell agreement. I’m not clear on who would pay the premiums on disability and or life insurance on the principals and the key employees? Instructor Response: Great question. A buy-sell agreement relates to owners of the business…
Characteristics of a Will
Which of the following statements concerning a Will are correct? (1) A will can be altered, amended, or completely rewritten at any time before a person’s death. (2) A will cannot be rewritten but can be amended at any time by a codicil. (3) A will must be signed by the maker and usually must…
Why Now Is the Time to Become a CFP® Professional: Job Growth, Salary Trends & Career Opportunity
Good to Know If you’re a financial professional seeking to elevate your career-or someone considering a transition into the financial services industry-there’s no better time to pursue the CERTIFIED FINANCIAL PLANNER™ (CFP®) certification. The job market is expanding, salaries are rising, and the demand for trusted financial guidance has never been higher. Strong Job Growth…
Clarifying Tort Liability
Course: Retirement PlanningLesson 2: Qualified Plan Advantages and Disadvantages for Employees and Business Owners Student Question: I have a few questions regarding tort liability. Instructor Response: Good questions here. See below for my response to each.
529 Savings Plans Contributions
Which of the following statements about 529 savings plans is TRUE? Contributions to a 529 plan are deductible on your federal income tax return. There are income limits for contributors to 529 plans. Qualified withdrawals from a 529 plan are tax-free at the federal level. Account owners lose control of the funds once the beneficiary turns…
Record Growth: CFP® Certification Surpasses 100,000 Professionals in the U.S.
CFP® Board Updates In a major milestone for the profession, the CFP Board recently announced that the number of CFP® professionals in the United States has officially surpassed 100,000. This landmark figure reflects not only the growing public demand for trustworthy financial advice but also the increasing recognition of the CFP® designation as the gold…
Social Security Retirement Benefits
Course: Insurance PlanningLesson 10: Social Security Student Question: This question (below) doesn’t quite make sense to me. Could you clarify why the correct answer is D? Robin Elizabeth qualifies for a retirement benefit of $250 and a spouse’s benefit of $400. At her full retirement age, she will receive which of the following? A) Both $250…
Identifying the Correct Step of the FP Process
During an initial meeting with a new client, financial planner Denise explains her firm’s services and discloses how she will be compensated. She also clarifies her responsibilities and asks the client about their expectations. Which step of the CFP Board’s 7-Step Financial Planning Process is Denise performing? Identifying and selecting goals Developing the financial planning recommendations…