FREE Trust and Financial Advisor Certification Questions and Answers
The comprehensive employee benefits package available today may include all benefits, WITH THE EXCEPTION OF:
A phased retirement, also referred to as a partial retirement, is an alternative to the traditional final-day departure from the employment. That can imply taking a part-time job. accepting a seasonal job.
These are anticipated completion dates for specific financial goals in the future. These are what?
Goal dates are dates in the future that are expected to mark the completion of specific financial objectives.
Among the many financial aspirations covered by financial goals are the following:
Among the many financial aspirations covered by financial goals are the following:
‥ control of living costs
‥ Providing for retirement needs
‥ establishing a method for saving and investing
Building up resources to benefit from in retirement is merely a portion of the:
Projecting revenues, costs, and important elements that have an impact on the organization's finances are all part of long-term financial planning.
Based on how they are compensated, financial planners often fall into one of two types. ______________ charges fees based on the intricacy of the plan they produce, whereas commission-based planners are paid commissions on the financial items they sell.
If a financial planner, advisor, or other form of financial expert charges a fee only, it signifies that their only source of income is the fees that customers pay them for their services. They do not receive commissions for suggesting particular goods.
Tax advantages are provided via flexible spending accounts and tax-deferred retirement plans. You may be able to__________ against some retirement plans.
The majority of qualifying plans, like 401(k) or 403(b) plans, allow employees to take out loans against their own retirement funds and repay them with interest. Although the majority of us would prefer to wait until after retirement to withdraw funds from our retirement plans, there are instances when we have no other choice.
A company's shareholder wealth is reflected by:
The market price per share of a company's common stock serves as a proxy for shareholder wealth in that company.