A retirement plan that provides a predetermined monthly benefit at retirement, typically based on salary and years of service.
Defined Benefit Plan
A tax-advantaged deferred compensation plan available to government and certain non-profit employees, often with no early withdrawal penalty.
457 Plan
A retirement plan that allows self-employed individuals and small business owners to contribute to employee retirement accounts with higher contribution limits than traditional IRAs.
Simplified Employee Pension IRA
A retirement plan for small businesses with 100 or fewer employees that allows employer-matching contributions to employee IRAs.
Savings Incentive Match Plan for Employees IRA
An individual retirement account where contributions are made with after-tax dollars, and qualified withdrawals in retirement are tax-free.
Roth IRA
An individual retirement account that allows pre-tax contributions, with taxes owed on withdrawals in retirement.
Traditional IRA
A type of defined benefit plan that credits employees with a set percentage of their salary annually and provides a guaranteed return on contributions.
Cash Balance Pension Plan
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A.1 CFP Board’s Code of Ethics and Standards of Conduct21
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A.2 CFP Board’s Procedural Rules25
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A.3 Function, purpose, and general structure of financial institutions10
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A.4 Financial services regulations and requirements19
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A.5 Consumer Protection Laws20
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A.6 Fiduciary standard and application20
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B.7 Financial Planning Process28
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B.8 Financial Statements29
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B.9 Cash Flow Management30
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B.10 Financing Strategies and Debt Management39
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B.11 Economic concepts40
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B.12 Time value of money concepts and calculations15
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B.13 Education needs analysis14
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B.14 Education savings vehicles15
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B.15 Education funding14
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B.16 Gift / income tax strategies15
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C.17 Principles of risk and insurance9
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C.18 Analysis and evaluation of risk exposures8
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C.19 Health insurance and health care cost management (individual and group)10
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C.20 Disability income insurance (individual and group)10
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C.21 Long-term care insurance and long-term case planning (individual and group)7
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C.22 Qualified and Non-Qualified Annuities10
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C.23 Life insurance (individual and group)10
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C.24 Business owner insurance solutions10
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C.25 Insurance needs analysis10
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C.26 Insurance policy and company selection12
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D.27 Characteristics, uses and taxation of investment vehicles9
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D.28 Types of investment risk12
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D.29 Market cycles10
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D.30 Quantitative investment concepts and measures of investment returns10
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D.31 Asset allocation and portfolio diversification9
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D.32 Bond and stock valuation concepts10
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D.33 Portfolio development and analysis9
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D.34 Investment strategies7
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D.35 Alternative investments and liquidity risk10
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E.36 Fundamental and current tax law10
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E.37 Income tax fundamentals and calculations3
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E.38 Characteristics and income taxation of business entities10
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E.39 Income taxation of trusts and estates10
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E.40 Tax reduction/management techniques8
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E.41 Tax consequences of property transactions11
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E.42 Tax implications of special circumstances9
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E.43 Charitable/philanthropic contributions and deductions10
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F.44 Retirement needs analysis10
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F.45 Social Security and Medicare planning10
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F.46 Eldercare and special needs planning9
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F.47 Types of retirement plans7
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F.48 Qualified plan rules and options8
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F.49 Non-qualified plan rules and options10
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F.50 Key factors affecting plan selection for businesses10
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F.51 Distribution rules and taxation10
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F.52 Retirement income and distribution strategies10
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F.53 Business succession planning10
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G.54 Property titling and beneficiary designations18
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G.55 Strategies to transfer property17
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G.56 Estate and Incapacity Planning Documents39
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G.57 Gift, estate, and GST tax compliance and calculation9
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G.58 Sources for estate liquidity10
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G.59 Types, features, and taxation of trusts10
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G.60 Marital deduction10
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G.61 Intra-family and other business transfer techniques10
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G.62 Postmortem estate planning techniques9
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G.63 Planning for divorce, unmarried couples and other special circumstances9
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G.64 Planning for special needs and circumstances10
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H.65 Client and planner attitudes, values, biases6
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H.66 Behavioral finance7
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H.67 Sources of money conflict10
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H.68 Principles of counseling10
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H.69 General principles of effective communication10
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H.70 Crisis events with severe consequences10
