CRPC exam 2023/2024 with 100% correct answers

Payments received in the years BEFORE you obtain FRA will be reduced $______for every $________ earned above the earnings cap. - correct answer Old-age benefits of Social Security recipients may be reduced if the client earns income from wages and salary during retirement prior to Social Security's full retirement age. By how much are the benefits reduced? - correct answer Benefits paid to persons in the years prior to attaining full retirement age are reduced by $1 for every $2 earned over the limit. How much tax exempt interest is included in SS? - correct answer ALL Tax-exempt interest is included in the computation of the taxation of SS benefits. When seeking investments that have the least amount of risk, what beta do you choose? - correct answer The absolute lowest one! 0.5 What does the Coefficient of Variation measure? How do you calculate it? - correct answer It measures a securities risk adjusted return. It allows you to compare 2 securities together, so you DIVIDE. DEVIATION DIVIDED BY THE EXPECTED RETURN. What kind of money comes out of a Roth IRA distribution first? - correct answer Contribution amounts always come out of a Roth IRA account first, and then conversion amounts, if any. When can a distribution be made from a TSA? 4 categories! - correct answer Employee separates from service, attains age 59 1⁄2, becomes disabled or dies, or qualifies under hardship rules. Non spring POA remains effective when? - correct answer Remains effective after the principal becomes incapacitated. NON Spring. NOT springing into action until AFTER.