It is vital for a financial professional to fully understand all aspects of individual retirement
accounts (IRAs). There are two types of IRAs that you will need to be familiar with: the
traditional IRA and the Roth IRA.
Traditional IRAs (commonly called
When a client is considering a change in their housing situation, one of the biggest challenges to
overcome can be the psychological attachment to the house. This is especially true if they have
lived in the same house for a long time and are either a wid
Some employers wake up one morning and realize that their lack of retirement plan benefits
might be impairing their ability to attract and retain valuable employees. The only solution is to
install a new plan.
The first step to installing a new retirement
In general, an IRA is a non-employer-sponsored retirement savings plan. There are two different
methods for funding an IRA. Both involve the same rules and limits. Both also involve taking a
contribution and depositing it into a container. The two differe
Retirement planning requires familiarity with asset allocation, employer retirement plans, and
Feedback: This is a true statement. Retirement planning also requires other items, but each of
the ones listed are on
The Pension Protection Act (PPA) of 2006 requires that defined benefit plans focus on year-byyear solvency. Prior to this laws enactment, employers had flexibility to choose among several
approaches if they were behind on funding their retirement plan. PP
Source: MS Office Online Picture Search
A SEP is very easy to
When planning a retirement projection, it can be easy to slip into the habit of viewing the
situation as a series of numbers. The numbers are meaningless unless you remember that they are
linked to a real person (or a real couple). The point of this video
What percentage rate can a retiree plan to withdraw from their tax-advantaged retirement savings
and have the highest probability of not running out of money? This is the $100 million question.
Academics and practitioners have different opinions. Some fin
In early 20th century America, the notion of retirement meant that someone would stop working
in the fields and transition to household chores while the younger generations carried the burden
of labor in the fields.
Workforce Covered By Employer Sponsored
INTERNAL AUDIT MEMO
From: Jake Snow
September 21, 2016
Internal Audit Memo
Objective: The intent of this memo is to describe an important internal strength, and weakness of CBS
Corporation. It is critical to complete this s
Chapter 7: Learning Objectives
1. Explain the distribution options available to participants from qualified
2. Understand the differences between QJSAs, QPSA and QOSAs.
3. Understand how distributions from qualified plans are taxed and the
Chapter 6: Learning Objectives
Explain the similarities between stock bonus plans and profit sharing plans.
Explain the differences between stock bonus plans and profit sharing plans.
Understand the differences between a stock bonus plan and a
Chapter 8: Learning Objectives
1. Use the plan selection process to identify the best plans for a business to
2. Understand the requirements for establishing a qualified plan.
3. Describe the documents that must be provided to employees and other
Chapter 9: Learning Objectives
1. Contrast the characteristics of IRAs with qualified plans.
2. Explain the impact of compounding on the ending value of an IRA account after
years of continuous funding.
3. Describe the funding limits for traditional and R
FPL 200 D01
1. Define the process of financial planning. (3 pts)
The financial planning process begins with establishing the client relationship which
involves the introductory meeting, identifying client goals/objectives, a
Strategic Management Framework
Value Creation drives
the strategy process
Dr. Carolin Schellhorn
Second Graded Homework
October 28th, 2016
Why a Positive Net Present Value is Not Always Best
In the finance world, most organizations (besides nonprofits) focus on shareholder wealth
maximization. Primarily, this is becau
1. 1.) Based on the project I completed with my group this semester, I would do many
things the same, but several different looking back on it. Things that I would do the same
include the selection of a company that has good areas of
According to Gallup, the average retirement age is now up to age 61. You have already learned
that this presents certain challenges to the now retiree. These challenges will be reviewed later in
this section. Anyway you look at it, the reality is that alm
Before we can discuss what a fiduciary does, we must first define who a fiduciary is. An entity is
considered a fiduciary if they have discretionary authority over the plan assets, over distributions
from the plan assets, or over the holistic plan adminis
Profit-sharing plans can be designed to allow employees to withdraw funds from participant accounts as
early as 2 years after they were contributed by the employer assuming that the employee has worked for the
employer for at least 5 years.
The fact-finding process is how a financial professional determines what a client is trying to accomplish.
Feedback: This is a true statement.
Table for Individual Question Feedback
Correct Answer(s): True
A SEP is a qualified retirement plan.
Feedback: A SEP account is considered to be in the "other" category. It is funded with an IRA.
Table for Individual Question Feedback
Correct Answer(s): False
In a tax-adv