Ficep part 2 exam - Study guides, Class notes & Summaries

401k - Answers-Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - Answers-The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - Answers-Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Reve...

FICEP Part 2 exam with complete solution 2023/2024

FICEP EXAM part 2 Questions and Answers with Complete Solutions 2024

FICEP Part 2 Exam Questions with 100% Correct Answers

FICEP Part 2 Exam Questions And Answers (VERIFIED 100%)

FiCep Part 1 Exam Questions And Answers What are the housing market conditions that can indicate a real estate "bubble"? - ANS Housing values are rising faster than consumer income What five sources influence most consumers' financial practices? - ANS Parents, Lenders, learned patterns, creditors, society/peers What is the best tactic for helping members who are in the "earn/spend/earn/spend" cycle? - ANS Each paycheck must be divided up for specific categories such as savi...

FiCep Part 1 Exam Questions with Complete Solutions What is the best tactic for helping members who are in the "earn/spend/earn/spend" cycle? - Answer-Each paycheck must be divided up for specific categories such as savings and debt What are the six steps of the financial counseling process? - Answer-1. Gather personal and financial data 2. Establish clear financial goals and objectives 3.Process and analyze info 4.Develop a comprehensive spending plan 5. Implement the plan 6. Monit...

FICEP EXAM PART 2 ALL DONE SOLUTION WITH ACTUAL QUESTIONS AND ANSWERS