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Continuing Education Credit — December 2018

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. What is the penalty for not taking RMDs from an inherited IRA? *This question is required.
Related Content: Winning the IRA lottery 
2. If a client receives a death benefit from a spouse who was in the military, what is the dollar limit on how much of this benefit can be contributed to a Roth IRA? *This question is required.
3. If a client borrows money from their traditional IRA, how much time do they have to deposit the money back into the account before owing taxes, and also being hit by a penalty if they are under 59 1/2? *This question is required.
4. If a single client is a first-time homebuyer and wants to take a loan from their Roth IRA to purchase property, how much can they withdraw at no penalty? *This question is required.
5. From 1926 through 2017, what was the compound annual return of small-cap stocks vs. large-cap equities? *This question is required.
6. Of the following actively managed funds, which had the worst three-year return? *This question is required.
7. Which After a felony DUI, an advisor seeks to rejoin financial industry FINRA bylaw states that FINRA “may approve association of statutorily disqualified person if such approval is consistent with the public interest and the protection of investors?” *This question is required.
8. If an advisor is sued by their broker-dealer for failing to repay a promissory note for a loan, how much time does the advisor have to repay the loan, per FINRA Rule 13904(j)? *This question is required.
9. Approximately how much will a couple retiring today need to have a 90% chance of covering their health care costs in retirement, per the Employee Benefits Research Institute? *This question is required.
10. What is the typical median annual health care expense for a 65-year-old woman, per a joint study by Vanguard and Mercer Health Benefits? *This question is required.
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