News & Updates
What to Know About the CARES Act on the November 2020 CFP® Exam
CFP® Certificants in the News The COVID-19-related CARES Act of 2020 was not tested on the September 2020 CFP® Exam. Only key portions of the Act will be tested on the November 2020 CFP® Exam according to CFP Board. An excerpt from the CFP BOARD KEY ELEMENTS CARES ACT 2020 follows: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act was…
Read MoreGood to Know: The CARES Act for the November CFP Exam
Good to Know The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided vitally needed relief for individuals and businesses. However, not all of the Act’s provisions relate directly to CFP Board’s testing priorities. The purpose of this blog is to emphasize those portions of the Act highlighted as “key” by CFP Board in its…
Read MoreCFP Board Takes Issue with Proposed DOL Investment Advice Rule
CFP Board Updates CFP Board, along with other members of the Financial Planning Coalition, penned a comment letter to the Department of Labor strongly objecting to a proposed retirement investment advice rule. The basis for the objections is that the proposal conflicts with: Employee Retirement Income Security Act (ERISA) requirements, and CFP Board Code of…
Read MoreGood to Know: Reducing Financial Exploitation of Seniors
The financial exploitation of seniors, especially those with diminished financial capacity, is an urgent issue. How prevalent is this shameful practice? The National Council on Aging estimates that seniors lose an estimated $37 billion annually or more in the U.S.A. The AARP makes this huge number a bit more personal when it estimates the average…
Read MoreRequirements to Take CFP® Exam from Home or Work
CFP® Board Updates CFP Board continues to offer COVID19 risk mitigation for qualified candidates. Key excerpts from recent CFP Board FAQs follow: What is Remote Proctoring? “…an exam delivery method that allows candidates to take the CFP® Exam from home or a location of their choice, rather than at a Prometric test center. CFP Board’s…
Read MoreStep Aside Tax Cuts and Jobs Act, There’s a New Sheriff in Town
Good to Know Before the Tax Cuts and Jobs Act (TCJA), a business with an available net operating loss (NOL)1 could offset as much as 100% of taxable income for two previous years (“NOL carryback”) or up to 20 years in the future (“NOL carryforward”). Carrying the loss back to previous years often generated an…
Read MoreSave Hundreds on CFP® Exam Registration and Resource Costs
CFP® Board Updates Here’s your chance to save hundreds of dollars in CFP® Exam fees and receive free resources for the next two CFP® Exams. Here’s an excerpt from a recent CFP Board email: “Your next chance to take the CFP® Exam is during the 8-day testing window from September 22-29, 2020. When you sign up by August 25 , you’ll…
Read MoreGood to Know: Financial Planning, CFP® Certificants, and Implementation Responsibilities
Good to Know Here’s a quick quiz question for CFP® Professionals who provide financial planning services or for those preparing for the CFP Board Exam: A CFP® Professional who is providing financial planning services has no implementation responsibilities for financial products purchased as a result of recommendations if the Professional does not sell financial products.…
Read MoreRemote Proctoring for September 2020 CFP Board Exam
CFP® Certificants in the News You’ve heard it said that “you must be present to win.” That expression was never truer than in passing the CFP Board Exam. However, you no longer have to be present in person at a testing center to take the exam. On July 16, CFP Board issued a press release…
Read MoreRemote Proctoring Option for September 2020 CFP Board Exam
CFP® Board Updates On July 16th, the CFP Board announced an update to arrangements for the September 2020 examination. For candidates who would need to travel more than 50 miles or have a health concern, so long as they can meet minimum technology requirements, a remote proctoring option will be available. This is in response…
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