2023 Case 5 Investment Planning

QUESTION 27 Personal sources for funding your retirement could include all of the following, except: O A. Roth IRA B. TraditionalIRA O C. Pension D. Savings E. Stocks and Bonds

Which type of account can be used as a retirement savings account?    Section 529 Plan.  Health Savings Account.  Flexible Spending Account.  Coverdell Education Savings Account.

Which of the following retirement plans are directly connected to the size of the investment portfolio? In other words, the larger the investment portfolio, the greater the potential retirement income benefit. I. Defined Contribution Pension Plan (DCPP) II. Registered Retirement Savings Plan (RRSP) II. Old Age Security IV. Tax-Free Savings Account (TFSA) V. Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) A II, IV and V В III and IV C I, Il and III I, Il and IV E III and V

Question 19 Which of the following correctly describes defined benefit (DB) pension plans? A- A typical example of DB plan is 401(K) savings account B- Retirement benefits depend on how much money has accumulated in an individual's account. C- Employers never need to report a liability related to DB plans D- Retirement benefits are based on the plan benefit formula. O A O B

Kindly help on these questions. 1. What are some recommendations methods for raising sufficient capital.? 2. What are some recommendations for retirement plans and employee benefit options.?

RetirementAccounts. Why are retirement accounts more beneficial than other investments that could be used for retirement? Describe an effective strategy for retirement planning

A client comes to you who needs help developing a plan for retirement and doesn’t have a current budget and hasn’t tracked expenses before. What would you tell your client he should do in order to get ready for your next meeting and how these action items are relevant to retirement planning?

Explain how Tvm concepts of present and future value impact 401 planning for retirement.

Emergency Fund Ratio reveals: Group of answer choices How readily a client would be able to meet all current obligations immediately A person's level of preparedness for job loss or short-term disability The level of debt that has been used to finance the present lifestyle The client's savings and spending patterns over a period of time.

For each of the following categories of information required for a comprehensive financial plan, describe in your own words the information that must be gathered: o Retirement Planning o Estate Planning o Risk Management o Employee Benefits o Family Planning o Educational Planning

Learning about Financial Planning Designations.  Please research Financial Planning designations in general and specifically each of these 3 Financial Planning designations - CFP® ChFC® AFC ® Based on what you find include in your email what is involved in earning each of the 3 listed designations above? What main areas do they cover?  In addition to the test needed for the designation, how many hours of experience do you need to receive each credential?

Define 401(k) retirement plan