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Continuing Education Credit — November 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.  Under the new tax law, the sale of a life insurance policy is considered a tax-free advance of the death benefit when the insured individual has a life expectancy less than this number of years. *This question is required.
2. Clients who have sold a life insurance policy and paid taxes on the sale under the revenue ruling may be able to get a refund, retroactive to what year? *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.  DAFs must pay out what minimum percentage of assets annually? *This question is required.
5. As an advisor, how many years must have passed before you no longer have to report an agreement with creditors on question 14K of Form U4? *This question is required.
6. Under the new tax law, clients who file individually may get a 20% deduction on REIT dividends as qualified income as long as they earn less than this amount
annually. *This question is required.
7. Foreign investors are subject to what maximum percentage of withholding on their REIT distributions, per the new tax code? *This question is required.
8. For income tax purposes, the money raised by an initial coin offering would generally be excluded from income, according to what section of the Internal Revenue Code? *This question is required.
9. What is the qualified business income deduction allowed for a sole proprietorship, per the tax law? *This question is required.
10. What is the dollar limitation for defined contribution plans stipulated by Section 415 of the Internal Revenue Code? *This question is required.
This question requires a valid email address.