CFP Exam - Random Facts to remember

1 of 55

Term



Max contributions to a Coverdell ESA



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$2,500 per student $2k per year, per bene




$15k a year $6k/year (+$1k extra for ages 50+)


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2 of 55

Definition



recession

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GDP decreasing means technological factors




depression (time period) TABLEs are incidental!


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3 of 55

Definition



use END mode on calculator



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Annuity due Ordinary Annuity




Integrity (huc) technological factors


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4 of 55

Term



Refrain from borrowing or lending money and commingling (ccbl)



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, $1M, $200k single, $300k spousal -financial advice
income -financial planning




-commingle
-homestead
-client assets
-life insurance
-borrow
-qualified plans
-lend


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5 of 55

Definition



$6k/year (+$1k extra for ages 50+)



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Max contributions to a 529 ABLE Max contributions to a Roth
account IRA




Max contribution to a lifetime Max contributions to a Coverdell
learning credit ESA


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6 of 55

Definition

, -honesty
-upstanding
-candor

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Integrity (huc) Diligence (tt)




Ordinary Annuity Annuity due


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7 of 55

Definition



-active consent
-disclosure
-manage
-material conflict
-ambiguity



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Qualitative/subjective client
Max contributions to a 529 plan
information




Disclose and manage conflicts
Comply with the law (lrrs)
of interest (admma)