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CRPC BUNDLED exams 2023/2024 with 100% correct answers
CRPC exam 2023/2024 with 100% correct answers CRPC exam 2023/2024 with 100% correct answers
[Show more]CRPC exam 2023/2024 with 100% correct answers CRPC exam 2023/2024 with 100% correct answers
[Show more]Fund JKL has a mean return of 8% and a standard deviation of 12, and its returns are evenly distributed. 
 
This would mean that 68% of the time its returns would fall between 
 
a. -4% and +20% 
b. +4% and +20% 
c. -8% and +8% 
d. -16% and +32% - correct answer a. -4% and +20% 
 
Assuming the mar...
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Add to cartFund JKL has a mean return of 8% and a standard deviation of 12, and its returns are evenly distributed. 
 
This would mean that 68% of the time its returns would fall between 
 
a. -4% and +20% 
b. +4% and +20% 
c. -8% and +8% 
d. -16% and +32% - correct answer a. -4% and +20% 
 
Assuming the mar...
Describe the trend in early retirement for US workers 
approaching retirement age - correct answer Early retirement (full retirement) is on a decline 
Bridge Jobs = positions held between career and full retirement 
Retirees continue working part time - HCEs work longer 
 
Identify factors that wo...
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Add to cartDescribe the trend in early retirement for US workers 
approaching retirement age - correct answer Early retirement (full retirement) is on a decline 
Bridge Jobs = positions held between career and full retirement 
Retirees continue working part time - HCEs work longer 
 
Identify factors that wo...
Statment of Financial Position - correct answer Assets and Liabilities 
 
Net Worth 
 
Balances "balance sheet" 
 
Cash Flow Statment - correct answer Inflows and Outflows 
 
Payments 
 
Assets - correct answer cash and equivilants, stock, use assets, things clients own **even if not complet...
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Add to cartStatment of Financial Position - correct answer Assets and Liabilities 
 
Net Worth 
 
Balances "balance sheet" 
 
Cash Flow Statment - correct answer Inflows and Outflows 
 
Payments 
 
Assets - correct answer cash and equivilants, stock, use assets, things clients own **even if not complet...
No other qualified plan or 403(b) - correct answer Simple IRA or Simple 401(k) 
 
Younger employees benefit from years of contributions and compounding - correct answer Profit sharing, SEP, or Tandem Plan 
 
Business has stable cash flow and owner willing to make annual financial commitment, but...
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Add to cartNo other qualified plan or 403(b) - correct answer Simple IRA or Simple 401(k) 
 
Younger employees benefit from years of contributions and compounding - correct answer Profit sharing, SEP, or Tandem Plan 
 
Business has stable cash flow and owner willing to make annual financial commitment, but...
Gift splitting - correct answer Allows a married couple to double their allowable annual exclusions is only allowed for married couples 
 
Ownership limited to spouses only - correct answer Joint tenancy tenancy by the entirety community property 
 
Grantor retained interest Trust Grit - correc...
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Add to cartGift splitting - correct answer Allows a married couple to double their allowable annual exclusions is only allowed for married couples 
 
Ownership limited to spouses only - correct answer Joint tenancy tenancy by the entirety community property 
 
Grantor retained interest Trust Grit - correc...
Richard wants to have an annual retirement income of $100,000 (payable at the beginning of each year) protected against 3% inflation. 
 
Assuming a 7% after-tax rate of return and a retirement period of 30 years, how much money does Richard need in order to meet his goal? 
 
Explain how you need to ...
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Add to cartRichard wants to have an annual retirement income of $100,000 (payable at the beginning of each year) protected against 3% inflation. 
 
Assuming a 7% after-tax rate of return and a retirement period of 30 years, how much money does Richard need in order to meet his goal? 
 
Explain how you need to ...
Mary Goodwin's financial situation is as follows: 
Cash/cash equivalents $15,000 
Short-term debts $8,000 
Long-term debts $133,000 
Tax expense $7,000 
Auto note payments $4,000 
Invested assets $60,000 
Use assets $188,000 
What is her net worth? 
A)$111,000 
B)$137,000 
C)$122,000 
D)$263,000 - ...
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Add to cartMary Goodwin's financial situation is as follows: 
Cash/cash equivalents $15,000 
Short-term debts $8,000 
Long-term debts $133,000 
Tax expense $7,000 
Auto note payments $4,000 
Invested assets $60,000 
Use assets $188,000 
What is her net worth? 
A)$111,000 
B)$137,000 
C)$122,000 
D)$263,000 - ...
Which of the following are correct statements about the capital utilization strategy? - correct answer I. It produces an annual retirement income over a finite number of years. 
II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years ...
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Add to cartWhich of the following are correct statements about the capital utilization strategy? - correct answer I. It produces an annual retirement income over a finite number of years. 
II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years ...
Mary Goodwin's financial situation is as follows: 
Cash/cash equivalents$15,000S 
hort-term debts$8,000 
Long-term debts$133,000 
Tax expense$7,000 
Auto note payments$4,000 
Invested assets$60,000 
Use assets$188,000 
What is her net worth? - correct answer $122,000 
 
Assets = $263,000; liabili...
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Add to cartMary Goodwin's financial situation is as follows: 
Cash/cash equivalents$15,000S 
hort-term debts$8,000 
Long-term debts$133,000 
Tax expense$7,000 
Auto note payments$4,000 
Invested assets$60,000 
Use assets$188,000 
What is her net worth? - correct answer $122,000 
 
Assets = $263,000; liabili...
Securities act of 1933 - correct answer Required that new companies provide full disclosure through the issuance of a perspective 
 
Securities exchange act of 1934 - correct answer Created the SEC and empowered the commission to regulate exchanges and broker dealers and to require information f...
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Add to cartSecurities act of 1933 - correct answer Required that new companies provide full disclosure through the issuance of a perspective 
 
Securities exchange act of 1934 - correct answer Created the SEC and empowered the commission to regulate exchanges and broker dealers and to require information f...
What is a typical way to plan for the management of property if a client becomes incapacitated - correct answer Nominate a conservator for the property 
Create a durable power of attorney 
Create a trust 
 
True facts about living wills - correct answer They must be signed 
They must be witnesse...
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Add to cartWhat is a typical way to plan for the management of property if a client becomes incapacitated - correct answer Nominate a conservator for the property 
Create a durable power of attorney 
Create a trust 
 
True facts about living wills - correct answer They must be signed 
They must be witnesse...
Whole life policies are designed to provide what - correct answer Level premiums, a guaranteed death benefit no matter when the insured dies and guaranteed cash flow 
 
Facts about a Roth IRA - correct answer With drawls from a Roth IRA for a first time home purchase, up to $10,000, or not penal...
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Add to cartWhole life policies are designed to provide what - correct answer Level premiums, a guaranteed death benefit no matter when the insured dies and guaranteed cash flow 
 
Facts about a Roth IRA - correct answer With drawls from a Roth IRA for a first time home purchase, up to $10,000, or not penal...
Retirement Planning Process Steps - correct answer EGADIM (EGAD I Made it) 
Establish Client Relationship 
Gather Data 
Analyze Data 
Develop Plan 
Implement Plan 
Monitor Plan 
 
Step 1 Retirement Planning Process - correct answer Establish Client Relationship 
Based upon trust and a mutually d...
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Add to cartRetirement Planning Process Steps - correct answer EGADIM (EGAD I Made it) 
Establish Client Relationship 
Gather Data 
Analyze Data 
Develop Plan 
Implement Plan 
Monitor Plan 
 
Step 1 Retirement Planning Process - correct answer Establish Client Relationship 
Based upon trust and a mutually d...
6 Step Retirement Planning Process (EGAD I Made it) - correct answer 1. Establish and Define the Client-Counselor Relationship 
2. Gather Client Data, Including Goals and Expectations 
3. Analyzing Client Information to Determine Retirement Savings Need 
4. Develop and Present Financial Planning R...
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Add to cart6 Step Retirement Planning Process (EGAD I Made it) - correct answer 1. Establish and Define the Client-Counselor Relationship 
2. Gather Client Data, Including Goals and Expectations 
3. Analyzing Client Information to Determine Retirement Savings Need 
4. Develop and Present Financial Planning R...
The Department of Labor requirements regarding advice given to retirement investors will most likely - correct answer INCREASE CLIENT EXPECTATIONS OF ADVISERS AND PUT DOWNWARD PRESSURE ON FEES 
 
If asking you to solve for an annuity due where payments occur at the beginning of the period - corre...
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Add to cartThe Department of Labor requirements regarding advice given to retirement investors will most likely - correct answer INCREASE CLIENT EXPECTATIONS OF ADVISERS AND PUT DOWNWARD PRESSURE ON FEES 
 
If asking you to solve for an annuity due where payments occur at the beginning of the period - corre...
2-1 
What are the two purposes of investment policy? 
Investment policy serves two purposes: - correct answer It provides a foundation of goals, time horizons, and constraints on which the client portfolio is constructed. For example, the policy may establish the goal of preserving the purchasing ...
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Add to cart2-1 
What are the two purposes of investment policy? 
Investment policy serves two purposes: - correct answer It provides a foundation of goals, time horizons, and constraints on which the client portfolio is constructed. For example, the policy may establish the goal of preserving the purchasing ...
Diversification - correct answer Acquiring assets with low or negative correlations to each other with the goal of lowering overall risk 
 
Correlation - correct answer - a relative measure of the degree to which the returns of two assets move together 
- range from +1.0 to -1.0 
- in practice ...
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Add to cartDiversification - correct answer Acquiring assets with low or negative correlations to each other with the goal of lowering overall risk 
 
Correlation - correct answer - a relative measure of the degree to which the returns of two assets move together 
- range from +1.0 to -1.0 
- in practice ...
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 Secur...
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Add to cartPayments 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 Secur...
Cindy wants to have an annual retirement income of $50,000 protected against 3% inflation. Assuming an 8% after-tax rate of return and a retirement period of 25 years, how much money does Cindy need in order to provide the inflation-protected $50,000 at the beginning of each retirement year? - corr...
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Add to cartCindy wants to have an annual retirement income of $50,000 protected against 3% inflation. Assuming an 8% after-tax rate of return and a retirement period of 25 years, how much money does Cindy need in order to provide the inflation-protected $50,000 at the beginning of each retirement year? - corr...
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