Ficep part - Study guides, Class notes & Summaries

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 Part 1 (Questions & Answers) 100% Correct!!

What are the housing market conditions that can indicate a real estate "bubble"? - Housing values are rising faster than consumer income What five sources influence most consumers' financial practices? - Parents, Lenders, learned patterns, creditors, society/peers What is the best tactic for helping members who are in the "earn/spend/earn/spend" cycle? - Each paycheck must be divided up for specific categories such as savings and debt What are the six steps of the financial counsel...

What are the housing market conditions that can indicate a real estate "bubble"? - Answer- Housing values are rising faster than consumer income What five sources influence most consumers' financial practices? - Answer- Parents, Lenders, learned patterns, creditors, society/peers 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 ...

FiCep Part 1 Quizzes & Ans…

FiCep Part 1 Questions And Answers With Verified Solutions Graded A+ 2024

FICEP Part 2 Test With Complete Solutions

FICEP Part 2 Exam Questions and Answers

FiCEP PART 2 EXAM

401k - Answer- 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 - Answer- The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - Answer- Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Reve...