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Coverdell ESA versus 529
Course: Fundamentals of Financial PlanningLesson 7: Educational Aid and Funding Calculation Student Question: Hello- So is there ever any benefit to choosing a Coverdell ESA over a 529 Plan? It seems the big difference in the two is that the Coverdell has an AGI limit, so why would you just not always steer clients towards 529 Plans…
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Basis of Inherited Property
Bill Farmer bought 1,000 acres of farmland for $300,000. When his oldest son married, Bill gave him 400 acres for a farm. When Bill died this year, the remaining 600 acres were divided in Bill’s will between his two younger sons. The 600 acres had a fair market value at Bill’s death of $600,000. Which…
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Investment Risk on the CFP Board Exam: Part II
Good to Know This blog is the second in a four-part series that includes: Part I: When to trust the “mean” return, Part II: Using standard deviation to manage investment risk, Part III: Skewness-Do we want negative or positive skew in our portfolio?, and Part IV: Kurtosis of a return distribution-Is more kurtosis a good…
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Passing Property Via Will
Course: Estate PlanningLesson 1: Property Ownership Student Question: Hello- I’m a little confused about the example (below) discussing an heirloom of only sentimental value. Why would this be titled at all for a will, especially since an earlier lecture said items of no value would pass through will as the situation does not involve a…
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Like-Kind Exchange
William found someone to buy his rental property in Maine. Which of the following properties that William would like to purchase as rental property would allow him to complete a like-kind exchange? A golf course rental property in Arizona that William identified 30 days after selling his Maine property. A beach rental house at the…
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CFP Board Launches CFP® Certification Diversity Scholarship
CFP® Board Updates The CFP Board Center for Financial and Financial Alliance for Racial Equality (FARE) are launching a new scholarship for attaining CFP® Certification. This scholarship is aimed towards advancing the profession by growing the next generation of diverse CFP® Professionals. For students seeking to complete a certificate-level CFP Board registered program, up to…
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Social Security Widower Benefits
Course: Insurance PlanningLesson 10: Social Security Student Question: Hi- When it comes to social security widower’s benefit’s, is the widow eligible to take his/her SS benefit early (age 62) and then switch over to the deceased spouse’s full benefit at 67? Or would the widow only be eligible for one of the two benefits? Thanks…
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Life Insurance in the Gross Estate
Which of the following assets would be included in Martin’s gross estate? Life insurance on Martin’s life purchased one year before he died by the trustee of Martin’s irrevocable life insurance trust. Life insurance on Martin’s life purchased by Martin’s wife two years before he died. Life insurance on Martin’s life purchased three years before…
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Absolute Investment Risk on the CFP Board Exam: Part I
Good to Know This blog is the first in a four-part series that includes: When to trust the “mean” return, Using standard deviation to forecast outcomes, Skewness-Do we want negative or positive skew in our portfolio? Kurtosis of a return distribution-Is more kurtosis a good thing? We will begin with the average or mean return.…
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