Practice Test Geeks(FFC) Financial Fitness Coach Certification Practice Test
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FFC Retirement and Estate Planning Flashcards

6 cards from real FFC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 FFC Retirement and Estate Planning flashcards as text

  1. At what age must traditional IRA and 401(k) account holders begin taking Required Minimum Distributions (RMDs) under current U.S. law (SECURE 2.0)?

    Answer: 73

    Under the SECURE 2.0 Act enacted in 2022, the RMD starting age was raised to 73 for individuals who turn 72 after December 31, 2022.

  2. What is the primary function of a revocable living trust in estate planning?

    Answer: To allow assets to pass to heirs without going through probate

    A revocable living trust allows assets held in the trust to transfer directly to beneficiaries upon death, bypassing the probate process and maintaining privacy.

  3. Which Social Security claiming strategy generally maximizes lifetime benefits for a healthy individual who can delay claiming?

    Answer: Delaying until age 70 to maximize monthly benefit

    Delaying Social Security until age 70 increases benefits by approximately 8% per year beyond full retirement age, maximizing monthly income for those with longer life expectancies.

  4. What document grants a designated person the authority to make financial decisions on behalf of another if they become incapacitated?

    Answer: Durable power of attorney

    A durable power of attorney remains effective even if the principal becomes mentally incapacitated, allowing the agent to manage financial affairs on their behalf.

  5. In retirement planning, what does the '4% rule' suggest?

    Answer: Withdraw no more than 4% of your portfolio in the first year of retirement, adjusting for inflation thereafter

    The 4% rule is a guideline suggesting retirees can withdraw 4% of their portfolio in year one, then adjust for inflation, with a high probability of not outliving assets over a 30-year retirement.

  6. Which type of life insurance provides a death benefit and also accumulates a cash value that the policyholder can borrow against?

    Answer: Whole life insurance

    Whole life insurance combines a permanent death benefit with a cash value component that grows on a tax-deferred basis and can be accessed through policy loans.

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Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. sagefinancialsolutions.org — Eligibility, renewal · verified Oct 2026