Page |1
CRPC FINAL EXAM FORM A AND B2025/2026 NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
Which one of the following types of distributions are eligible for
rollover treatment -ANSWERS-A lump-sum payment from a profit
sharing plan payable upon separation from service is eligible for
rollover treatment.
A lump-sum payment from a profit sharing plan payable upon
separation from service is -ANSWERS-eligible for rollover
treatment.
The following distributions are not eligible for rollover treatment: -
ANSWERS-1. Distributions that are part of a series of
substantially equal periodic payments are not eligible for rollover
treatment.
2. Distributions that are made to comply with the minimum
distribution requirements are not eligible for rollover treatment.
3. The nontaxable portion of any IRA distribution is not eligible for
rollover treatment.
, Page |2
The spouse may waive the qualified joint and survivor annuity
(QJSA) option via -ANSWERS-via written consent, which includes
acknowledging the effect of the waiver and the naming of another
beneficiary.
Which of the following are correct statements about survivor
benefits from a qualified retirement plan? -ANSWERS-The
qualified joint and survivor annuity (QJSA) may be waived if the
spouse gives written consent to the effect of the election and the
naming of another beneficiary. Defined benefit, money purchase,
and target benefit plans must provide a QJSA. A pension plan is
not required to provide a survivor annuity if the plan participant
and spouse have been married for less than one year. The QJSA
payable to the spouse must be at least 50%, but not more than
100%, of the annuity amount payable during the joint lives and
actuarially equivalent to a single life annuity over the life of the
participant.
If the participant and spouse have been married for less than one
year, the QJSA plan -ANSWERS-does not have to provide a
survivor annuity.
, Page |3
The QJSA must be -ANSWERS-actuarially equivalent to a single
life annuity over the life of the participant and at least 50%, but not
more than 100%, of the annuity payable during the joint lives of
the participant and spouse.
Profit sharing plans that accept direct transfers from pension
plans are subject -ANSWERS-to the QJSA requirements.
Which one of the following is not a characteristic of a rollover? -
ANSWERS-Amounts rolled over from a qualified plan to an IRA
and subsequently distributed to the participant will be taxed
according to the rules that apply to the original qualified plan.
Amounts distributed from an IRA are t -ANSWERS-axed
according to the rules that apply to IRAs, regardless of the type of
plan from which the funds may have been rolled over.
The following are exempt from the 10% penalty on qualified plan
distributions made before age 59½? -ANSWERS-distributions
made to a beneficiary after the participant's death, substantially
, Page |4
equal periodic payments made to a participant following
separation from service, based on the participant's remaining life
expectancy
The 10% premature distribution penalty -ANSWERS-does not
apply to distributions on account of death or annuitized payments
based on an individual's remaining life expectancy.
Many retirees have difficulty dealing with Bengen's original safe
initial withdrawal rate because -ANSWERS-it does not represent
a lot of income.
The biggest problem most people have with a 4% initial
withdrawal rate is -ANSWERS-that it doesn't normally represent a
lot of income
When using the "bucket approach" to withdrawals from retirement
savings, the "first" bucket should be comprised of -ANSWERS-
short-term, liquid investments.
CRPC FINAL EXAM FORM A AND B2025/2026 NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
Which one of the following types of distributions are eligible for
rollover treatment -ANSWERS-A lump-sum payment from a profit
sharing plan payable upon separation from service is eligible for
rollover treatment.
A lump-sum payment from a profit sharing plan payable upon
separation from service is -ANSWERS-eligible for rollover
treatment.
The following distributions are not eligible for rollover treatment: -
ANSWERS-1. Distributions that are part of a series of
substantially equal periodic payments are not eligible for rollover
treatment.
2. Distributions that are made to comply with the minimum
distribution requirements are not eligible for rollover treatment.
3. The nontaxable portion of any IRA distribution is not eligible for
rollover treatment.
, Page |2
The spouse may waive the qualified joint and survivor annuity
(QJSA) option via -ANSWERS-via written consent, which includes
acknowledging the effect of the waiver and the naming of another
beneficiary.
Which of the following are correct statements about survivor
benefits from a qualified retirement plan? -ANSWERS-The
qualified joint and survivor annuity (QJSA) may be waived if the
spouse gives written consent to the effect of the election and the
naming of another beneficiary. Defined benefit, money purchase,
and target benefit plans must provide a QJSA. A pension plan is
not required to provide a survivor annuity if the plan participant
and spouse have been married for less than one year. The QJSA
payable to the spouse must be at least 50%, but not more than
100%, of the annuity amount payable during the joint lives and
actuarially equivalent to a single life annuity over the life of the
participant.
If the participant and spouse have been married for less than one
year, the QJSA plan -ANSWERS-does not have to provide a
survivor annuity.
, Page |3
The QJSA must be -ANSWERS-actuarially equivalent to a single
life annuity over the life of the participant and at least 50%, but not
more than 100%, of the annuity payable during the joint lives of
the participant and spouse.
Profit sharing plans that accept direct transfers from pension
plans are subject -ANSWERS-to the QJSA requirements.
Which one of the following is not a characteristic of a rollover? -
ANSWERS-Amounts rolled over from a qualified plan to an IRA
and subsequently distributed to the participant will be taxed
according to the rules that apply to the original qualified plan.
Amounts distributed from an IRA are t -ANSWERS-axed
according to the rules that apply to IRAs, regardless of the type of
plan from which the funds may have been rolled over.
The following are exempt from the 10% penalty on qualified plan
distributions made before age 59½? -ANSWERS-distributions
made to a beneficiary after the participant's death, substantially
, Page |4
equal periodic payments made to a participant following
separation from service, based on the participant's remaining life
expectancy
The 10% premature distribution penalty -ANSWERS-does not
apply to distributions on account of death or annuitized payments
based on an individual's remaining life expectancy.
Many retirees have difficulty dealing with Bengen's original safe
initial withdrawal rate because -ANSWERS-it does not represent
a lot of income.
The biggest problem most people have with a 4% initial
withdrawal rate is -ANSWERS-that it doesn't normally represent a
lot of income
When using the "bucket approach" to withdrawals from retirement
savings, the "first" bucket should be comprised of -ANSWERS-
short-term, liquid investments.
