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Investment Receipts Definition
Course: Fundamentals of Financial PlanningLesson 3: Personal Financial Statements Student Question: Hi. The lesson states that when looking at the cash flow statement, investment receipts include: interest, dividends, mf capital gains, etc. Are those funds included in the category of investment receipts even if they don’t withdraw the money from their investment accounts? Instructor Response:…
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Proper Asset Allocation
A client is 40 years old and has a moderate risk tolerance. She has $500,000 to invest and a 20-year time horizon. Which of the following asset allocations best aligns with her risk tolerance and time frame? 80% equities, 20% bonds 60% equities, 35% bonds, 5% cash 50% equities, 50% bonds 90% equities, 10% cash…
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Understanding the CFP Board’s Practitioner Resource Guide: Applying Psychology in Financial Planning
Good to Know In recent years, the Psychology of Financial Planning has become an increasingly essential component of the financial planning profession. Recognizing this, the CFP Board introduced it as a core domain within the CFP® certification framework. To support professionals in this evolving area, they’ve also released the Practitioner Resource Guide, a practical supplement…
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Tax Inclusive vs Exclusive
Course: Estate PlanningLesson 6: Totaling the Gross Estate Student Question: Can you please help me understand this question from a review exercise: Gifts are “tax inclusive” and estates are “tax exclusive” Incorrect. Just the opposite is the case. Gifts are tax exclusive and estates are tax inclusive. I have the logic that Gifts are Tax Inclusive…
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Rental Property Like-Kind Exchange
William found someone to buy his rental property in Maine. Which of the following properties William would like to purchase as rental property would allow him to complete a like- kind exchange? (1) A golf course rental property in Arizona that William identified 30 days after selling his Maine property. (2) A beach rental house…
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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…
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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…
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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…
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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…
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