Student Question

Course: Retirement PlanningLesson 9: Building Retirement Wealth by Maximizing Fringe Benefits Student Question: Is a Dependent Care Assistance Plan (DCAP) funded by an Flexible Spending Account the same thing as a Dependent Care FSA?  If not, could you provide some additional info as to how the two would work together (could an individual utilize both…

Course: Fundamentals of Financial PlanningLesson 5b: Using the HP 10bII Calculator Student Question: In Example 2, the solution given has 6 years (including CF0) instead of 5. I believe the first year of Carl’s coin purchase should be CF0, but the fifth year – which includes a purchase and a sale – should be CF4.…

Course: Income Tax PlanningLesson 13: Passive Activities and the AMT Student Question: For this question I thought you were supposed to net the loss and income together?  So I was looking for 30,000. Isn’t there a time where we are supposed to net together the losses and gains? Ray invests $75,000 into a limited partnership…

Course: Insurance PlanningLesson 10: Social Security Student Question: 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? Instructor Response:…

Course: Fundamentals of Financial PlanningLesson 2: Economic Concepts and Consumer Protection Laws Student Question: Hi.  Why is the S&P 500 considered a leading economic indicator and NASDAQ is not?  Both are part of the stock market. Instructor Response: The S&P 500 is a broader representation of the overall market, with 500 large-cap companies represented.  NASDAQ…

Course: Investment PlanningLesson 14: Evaluation Portfolio Performance 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…

Course: Fundamentals of Financial PlanningLesson 2: Economic Concepts and Consumer Protection Laws Student Question: I missed the below question because I thought number 2 was false. Wouldn’t price and demand move in a correlated way? The more the demand the higher the price? Which of the following statements concerning supply and/or demand is/are true? Thanks.…

Course: Fundamentals of Financial PlanningLesson 9: CFP Board Regulatory Requirements Student Question: I have a query regarding one of the questions on the review, shared below.  Based on the answer, they are not considering opening a custodial account as providing Financial ADVICE otherwise the first response would also be required (manage conflict of interest).  Why…

Insurance PlanningLesson 16: The Irrevocable Life Insurance Trust Student Question: Must Crummey powers always be in effect to apply the annual gift tax exclusion in order to transfer to an irrevocable trust? Or is it the case that as long as it was done once, will all transfers be eligible for the annual gift tax exclusion? Instructor…

Course: Estate PlanningLesson 10: Applications of Estate Planning Concepts Student Question: Does the maximum family benefit apply to a husband and wife that are both fully insured if the combined total between the two exceeds the maximum family limit?   If I understand correctly, the maximum family limit only applies if there are beneficiaries within the…