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Continuing Education credit — August 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.

If you need assistance, please contact our Customer Success Team
1. Per the Secure 2.0 Act, what is the excise tax rate for not taking the required minimum distribution?  *This question is required.
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2. The above penalty can be dropped to as low as 10% if the RMD withdrawal error is corrected within how many years? *This question is required.
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3. In 2033, a retirement plan holder will have to begin to take their RMDs at what age? *This question is required.
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4. A 529 plan that has assets left following tuition payments and other college expenses can use the money to pay off student loan debt as a qualified, tax-free benefit up to this amount. *This question is required.
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5. Under the Coronavirus Aid, Relief and Economic Security — CARE — Act , up to this amount in payments from employers to their employees through student loan repayment assistance programs can be excluded from payroll taxes and income through 2025. *This question is required.
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6. For a single-tax filer, the student loan deduction of $2,500 shrinks in gradual phaseouts between these modified adjusted gross income amounts. *This question is required.
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7. Which of these retirement accounts offers workers an exemption to the Secure 2.0 rule that will, beginning in 2024, require those over 50 and who make over $145,000 annually to make catch-up contributions to a Roth account?" *This question is required.
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8. Under current law, an individual client can get a generational-skipping transfer tax exemption of up to $12.9 million, indexed for inflation. However, if they go over this amount, the penalty is what percentage of the extra amount transferred? *This question is required.
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9. Per a North American Securities Administrators Association regulation adopted in September 2022, state-registered brokers no longer employed by a firm can keep their exam requirements for up to this many years as long as they enroll in the Maintaining Qualifications Program, pay the annual fee and complete the requisite continuing education courses required by FINRA. *This question is required.
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10. Which of these states require that advisors with a single client in their jurisdiction register with the state? *This question is required.
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