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CRPC Module 1 Exam Questions And Answers Already Graded A+. $12.99   Add to cart
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CRPC Module 1 Exam Questions And Answers Already Graded A+.
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6 Steps of Retirement Planning Process - correct answer -Establish and define the client counselor relationship -Gather Client Data and Determine goals and expectations -Determine the Client's Financial status by analyzing and evaluating -Develop an...

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  • August 10, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • CRPC.
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CRPC Module 1

6 Steps of Retirement Planning Process - correct answer -Establish and define
the client counselor relationship

-Gather Client Data and Determine goals and expectations

-Determine the Client's Financial status by analyzing and evaluating

-Develop and Present the Plan

-Implement the Plan

-Monitor the Plan



Two Qualities of Retirement Goals - correct answer -the retirement goals
should be specific and prioritized

-should include an event, amount and or time



Three Components of a statement of financial position - correct answer -
Assets

-Liabilities

-Net Worth



The Cash Flow Statement - correct answer Cash inflows - Cash outflows = net
cash



Income replacement percentages - correct answer most american retirees
need 70 to 80% of pre-retirement income

only a rule of thumb



Expenses that decrease during retirement and increase - correct answer
Decrease - transportation cost, food and housing costs, term life insurance stop, dry cleaning bills,
professional fees, clothing

Increase - medical and dentals expenses, expenditures on hobbies, recreation and travel

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