Free CRPC Retirement Planning Principles Questions and Answers

Question 1

What is the second step in the retirement planning process?

Accepted Answer

Gathering client data, including goals and expectations

Answer

Analyzing the client's current financial situation

Answer

Implementing the retirement plan

Answer

Developing and presenting financial planning recommendations

Question 2

What is the first step in the retirement planning process?

Accepted Answer

Establishing and defining the client-counselor relationship

Answer

Gathering client data, including goals and expectations

Answer

Analyzing the client's current financial situation

Answer

Developing and presenting financial planning recommendations

Question 3

Financial statement ratios are part of what kind of analysis?

Accepted Answer

Fundamental analysis

Answer

Technical analysis

Answer

Quantitative analysis

Answer

Qualitative analysis

Question 4

Assume that a worker's Social Security full retirement age is 66. What percentage of the worker's full retirement age benefits will be paid to her at age 62?

Accepted Answer

75%

Answer

50%

Answer

85%

Answer

100%

Question 5

What is the duty to disclose?

Accepted Answer

It necessitates explaining the risks of investments sold to clients, even those backed by the US government.

Answer

It requires disclosing personal financial information to clients.

Answer

It mandates providing investment advice to clients.

Answer

It involves disclosing proprietary investment strategies to clients.

Question 6

How do you calculate the weighted beta of a portfolio?

Accepted Answer

Multiply the weight by the beta for each stock, then add those numbers together.

Answer

Multiply the weight by the return for each stock, then add those numbers together.

Answer

Multiply the weight by the alpha for each stock, then add those numbers together.

Answer

Multiply the return by the beta for each stock, then add those numbers together.

Question 7

Moving averages, graphs, and statistics regarding the supply and demand of stocks are examples of what kind of analysis?

Accepted Answer

Technical analysis

Answer

Fundamental analysis

Answer

Quantitative analysis

Answer

Qualitative analysis

Question 8

When is the only time a living will be applicable?

Accepted Answer

When the declarant is in a terminal or similar condition.

Answer

When the declarant is incapacitated.

Answer

When the declarant is receiving medical treatment.

Answer

When the declarant is elderly.

Question 9

What is the government health insurance program designed for individuals with low income or minimal assets regardless of their age or employment status?

Accepted Answer

Medicaid

Answer

Medicare

Answer

Social Security

Answer

CHIP (Children's Health Insurance Program)

Question 10

The delivery of Long Term Care generally takes one of two forms. What are they?

Accepted Answer

Personal care and Skilled care

Answer

Inpatient care and outpatient care

Answer

Medical care and non-medical care

Answer

Residential care and home care