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Continuing Education credit — February 2023

As a subscriber to Financial-Planning.com, you can earn up to 12 hours of CE credit from the CFP Board and the Investments & Wealth Institute.

Please read the articles and answer the questions below. To find the related article, click on the hyperlinked title of the story – both online-only articles as well as stories published in the magazine.

You must answer 8 of the 10 questions correctly to qualify for CE credit.

Financial Planning does not email a certificate of completion. Please take a screenshot of the results screen, and keep the confirmation for your records. Financial Planning reports results to the CFP Board weekly. The board may take an additional two weeks to post results.

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1. The Federal Employees Retirement System (FERS) basic annuity is calculated at 1% to 1.1% of the highest average basic pay earned during any period of this many consecutive years of service. *This question is required.
Related Content: Navigating the thrift savings plan: planning opportunities to support federal employees, military servicemembers and veterans
2. The Blended Retirement System (BRS) – the defined benefit plan for military servicemembers — is calculated at what percentage of the highest average basic pay earned during 36 months. *This question is required.
Related Content: Navigating the thrift savings plan: planning opportunities to support federal employees, military servicemembers and veterans
3. The Thrift Savings Plan available for both Federal civilian employees and military servicepeople allows for government matching of up to what percentage for both the FERS and BRS plans.  *This question is required.
Related Content: Navigating the thrift savings plan: planning opportunities to support federal employees, military servicemembers and veterans
4. Per SECURE 2.0, the 10% early withdrawal penalty for retirement accounts is waived for distributions to people who have received a doctor’s certification that they are terminally ill and may reasonably be expected to die within this many months. *This question is required.
Related Content: Tax Strategy: Retirement change from SECURE 2.0
5. Retirement plan participants may also make penalty-free withdrawals of up to how much within 180 days after a federally declared disaster. *This question is required.
Related Content: Tax Strategy: Retirement change from SECURE 2.0
6. Which of these states imposes both an estate tax and an inheritance tax? *This question is required.
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7. Of the bond ETFs listed below, which has had the lowest 10-year annualized return? *This question is required.
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8. Per the IRS, if a taxpayer claims a charitable contribution deduction of over this amount for donated cryptocurrency, they must obtain a qualified appraisal for the tax year in which the contribution is claimed.  *This question is required.
Related Content: IRS requires 'qualified appraisals' for donating crypto
9. Beginning in 2023, independent contractors, gig workers and anyone paid via platforms such as Venmo and Airbnb must report their earnings to the IRS in the next filing season if they make more than this amount. *This question is required.
Related Content: Why advisors should get a leg up on the 2024 tax season right now
10. Also beginning in 2023, any taxpayer with cryptocurrency transactions in excess of this amount must report them to the IRS through Form 8300 on their 2024 return. *This question is required.
Related Content: Why advisors should get a leg up on the 2024 tax season right now
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