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Continuing Education credit — May 2019

As a subscriber to, 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 provide a certificate of completion. However, you will receive confirmation if you’ve passed the quiz. Please 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 SourceMedia customer service at, 212.803.8500.
1.  At the end of the time period from 1970 to 2018, which of these portfolios had the highest average balance, highest average annual RMD-based withdrawal and highest average total withdrawal rate? *This question is required.
2. During the same period, which of these had the largest standard deviation in ending account balance? *This question is required.
3. If an RMD is rolled over, it becomes an excess IRA contribution subject to a 6% penalty unless it is removed by what date? *This question is required.
4. What is the minimum age must a client be to tap their IRA without a 10% penalty if they use the 72(t)payment schedule and they are no longer working? *This question is required.
5. Which of these quarters saw the highest sales for variable annuities with guaranteed lifetime withdrawal benefit riders? *This question is required.
6. FINRA can file an action against a terminated advisor anytime within how many years of the date of firing, per Article V, Section 4(a) of FINRA’s By-Laws? *This question is required.
7. Long-term rates of return on balanced portfolios suggest retirees should be able to spend at least this percentage of their starting account balance, adjust their spending annually for 3% inflation and still be able to maintain their spending levels for 30 years. *This question is required.
8. Over rolling five-year periods from December 1974 to 2008, including dividends, the S&P 500 beat the MSCI EAFE index what percentage of the time? *This question is required.
9. From 1926 to 2008, the performance of value stocks (the least expensive 30%) beat growth stocks (the most expensive 30%) by how many percentage points annually? *This question is required.
10. Which of these funds has the most favorable expense ratio? *This question is required.