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Continuing Education Credit — October 2019

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 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 help@sourcemedia.com, 212.803.8500.
1.  If a client takes a distribution from her employer-sponsored retirement plan and does not do a direct transfer of the funds, how much must the plan withhold for federal income taxes? *This question is required.
Related Content: Save Your Client From the Late 60-Day Rollover Quagmire
2.  Which of these is a potential recourse for clients if they miss the deadline for a 60-day IRA rollover? *This question is required.
Related Content: Save Your Client From the Late 60-Day Rollover Quagmire
3. Which IRS ruling holds that employer retirement plan administrators must withhold and report employee distributions in the year they are distributed, even if the employee does not cash the check until the following year? *This question is required.
Related Content: What Happens When a Client Fails to Cash A Retirement Distribution Check?
4. In the analysis presented, at which annual withdrawal rate did the portfolio’s average ending balance first go below the starting balance of $1 million?   *This question is required.
Related Content: What’s the Ideal Annual Withdrawal Rate?
5.  At which withdrawal rate will the actual annual withdrawal amount start decreasing? *This question is required.
Related Content: What’s the Ideal Annual Withdrawal Rate?
6.  Under which of these situations would the so-called kiddie tax, which is levied against a minor child who earns income, NOT apply? *This question is required.
Related Content: Tax benefits of hiring your kids
7.  Sole proprietorships, single-member LLCs and partnerships in which both parents are the only partners of a business are not responsible for federal unemployment taxes for children under what age who are working for them? *This question is required.
Related Content: Tax benefits of hiring your kids
8.  Bill Bengen, who popularized the 4% withdrawal rule, found that the ideal safe withdrawal rate for someone with a 45-year time horizon should be how much? *This question is required.
Related Content: What the FIRE Movement Gets Wrong
9.  Under current FINRA policy, when can a client complaint against an advisor be scrubbed from the advisor’s Central Registration Depository report? *This question is required.
Related Content: Can I scrub an Old Complaint Off my CRD report?
10.  By age 50, approximately what percentage of American workers will have to cope with a disability, according to the Social Security Administration? *This question is required.
Related Content: How to keep 'unexpected accidents' from derailing a succession plan
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