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Continuing Education credit — January 2024

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. When taking a distribution from an HSA, they are taxable if they aren’t used for qualified medical expenses. Additionally, if the HSA owner is under age 65, there is an additional penalty of what percentage of the sum you remove? *This question is required.
Related Content:  The HSA ‘deathbed drawdown’: Making tax-efficient distributions of large balances (when there isn’t much time)
2. If an HSA owner has a medical procedure, by when must they take a distribution from the HSA to reimburse themselves for this medical expense? *This question is required.
Related Content:  The HSA ‘deathbed drawdown’: Making tax-efficient distributions of large balances (when there isn’t much time)
3. If a client inherits an HSA of $100,000 from his father and there is an unpaid qualified medical expense of $20,000, the beneficiary can reduce the amount of taxable income from the HSA by that amount as long as they pay this expense within what time period: *This question is required.
Related Content:  The HSA ‘deathbed drawdown’: Making tax-efficient distributions of large balances (when there isn’t much time)
4. Per the 2022 Secure 2.0 law, in 2033, the age at which traditional IRA holders must take minimum required distributions will be how much? *This question is required.
Related Content:  Take advantage of shifting RMD rules with these year-end strategies
5. Per Secure 2.0, the amount that a client can transfer on a tax-free basis from a retirement account to a qualified longevity annuity contract is how much? *This question is required.
Related Content:  Take advantage of shifting RMD rules with these year-end strategies
6. In 2024, the HSA contribution limit for an unmarried client age 55 is how much? *This question is required.
Related Content: Tips for using a 'medical IRA' that offers triple the tax savings
7. If a client has an electronic vehicle in 2024 with battery components manufactured in China that meet the critical mineral applicable percentage requirements, how much of a clean vehicle credit do they qualify for? *This question is required.
Related Content: IRS updates guidance on EV tax credits
8. Per the IRS, the energy efficient home improvement credit provides up to 30% of savings on the cost of eco-friendly home repairs, up to this amount annually. *This question is required.
Related Content: Clients can go green, save greenbacks on eco-friendly home repairs
9. If an employee is eligible to contribute to a pension-linked emergency savings account offered by an employer, the maximum balance that can be in the account (attributable to contributions) is this much, although employers can set lower limits. *This question is required.
Related Content: IRS offers guidance on emergency savings accounts
10. Which of these real estate funds has had the worst 10-year return? *This question is required.
Related Content:  The top 20 real estate funds of the decade
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