Ficep part 2 - Study guides, Class notes & Summaries

401k - Answers-Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary - Answers-The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan - Answers-Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Reve...

FICEP Part 2 exam with complete solution 2023/2024

FICEP Part 2 Exam Questions And Answers (VERIFIED 100%)

FiCep Part 1 Questions and Answers Already Graded A What are the housing market conditions that can indicate a real estate "bubble"? Housing values are rising faster than consumer income What five sources influence most consumers' financial practices? Parents, Lenders, learned patterns, creditors, society/peers What is the best tactic for helping members who are in the "earn/spend/earn/spend" cycle? Each paycheck must be divided up for specific categories such as savings and debt What ar...

FiCEP Exam Certification 2024/2025 |Complete Solution| Graded A+[Multiple Choices] Which cycle describes members who are just surviving and living paycheck to paycheck? a. Earn / spend / earn / spend b. Earn / spend / borrow / spend c. Earn / spend / save d. Earn / borrow / spend / save a. Earn / spend / earn / spend What is the primary purpose of FiCEP certification?** A. To educate individuals on financial planning for the wealthy B. To train credit union employees to provide fi...

FICEP EXAM part 2 Questions and Answers with Complete Solutions 2024

FICEP Part 2 Exam Questions with 100% Correct Answers

FICEP PART 2 WITH 86 QUESTIONS AND ANSWERS

FICEP Test Questions and Answers Graded A+ Money avoidance is the idea that money is evil or ______________ undeserved The idea that money is the way to solve all a member's problems is money ______________ worship Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:09 / 0:15 Full screen Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a member's way to one-up others. Status ...