Crpc practice exam 2 - Study guides, Class notes & Summaries

CRPC Practice Exam 2

CRPC Practice Exam 2 Questions & Answers 2023/2024 Which of the following are correct statements about the capital utilization strategy? - ANSWER-I. It produces an annual retirement income over a finite number of years. II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years over which it will be paid. III. When the capital utilization approach is used, the planner must be careful in making assumptions about the life expectan...

CRPC Practice Exam 2 Questions with Answers What is a deductible IRA? - Answer-A deductible IRA can lower your tax bill by allowing you to deduct your contributions on your tax return - you essentially get a refund on the taxes you paid earlier in the year. You fund a NON-deductible IRA with after-tax dollars What is a traditional IRA? - Answer-A traditional IRA lets you make tax-deductible contributions to a retirement account that grow tax-deferred until you're ready to start taking di...

CRPC Practice Exam 2 Actual Exam Questions with 100% Correct Answers | Verified | Latest Update

CRPC PRACTICE EXAM 2024 ACTUAL EXAM 150 QUESTIONS WITH DETAILED VERIFIED SOLUTIONS /A+ GRADE ASSURED

replacement ratios should not be used as the only basis for planning. IV.Income replacement ratios are useful for younger clients as a guide to their long-range planning and investing. A) I and IV B) I and II C) II and III D) II, III, and IV - correct answer D If Tom and Jenny want to save a fixed amount annually to accumulate $2 million by their retirement date in 25 years (rather than an amount that grows with inflation each year), what level annual end-of-year savings amount wil...

Which of the following are correct statements about the capital utilization strategy? - correct answer I. It produces an annual retirement income over a finite number of years. II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years over which it will be paid. III. When the capital utilization approach is used, the planner must be careful in making assumptions about the life expectancy of the client. IV. The effect of taxes on ...

CRPC PRACTICE EXAM 2 70 QUESTIONS AND VERIFIED DETAILED ANSWERS 2024. A+ GRADE.

Which of the following are examples of the second step of the retirement planning process? - ANSWER-I, III, and IV I prioritize goals III examine a person's tax situation IV determine important time horizons Which of the following personal expenses are likely to decrease following an individual's retirement? - ANSWER-II and IV II education IV income taxes not travel, utilities, and home repairs Which of the following are correct statements about the capital utilization strategy? ...

CRPC Practice Exam ACTUAL EXAM QUESTIONS AND CORRECT DETAILED VERIFIED ANSWERS WITH RATIONALES VERIFIED ANSWERS /ALREADY GRADED A+ CRPC Practice Exam ACTUAL EXAM QUESTIONS AND CORRECT DETAILED VERIFIED ANSWERS WITH RATIONALES VERIFIED ANSWERS /ALREADY GRADED A+