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Continuing Education Credit — December 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. Please take a screenshot of the confirmation from the results page 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. Which of these is not considered by the FAFSA as potential sources of college funding by families? *This question is required.
2. Once a student earns income beyond FAFSA levels, what percentage of that money must go toward the expected family contribution for college? *This question is required.
3. In the analysis presented, what was the average ending balance for 34 example clients who had a portfolio with a starting balance of $1 million — made up of 40% large-cap U.S. stock, 20% small-cap U.S. stock, 30% bonds and 10% cash — over 34 rolling 25-year periods from 1961 to 2018, assuming a 4% withdrawal rate? *This question is required.
4. If a client has a business meal the IRS labels as “not lavish or extravagant,” how much of a tax deduction may they be able to claim? *This question is required.
5. Which IRS ruling allows for lump-sum annuity payments from employers to retirees who have already begun annuity payments (otherwise known as the lump-sum window?) *This question is required.
6. What is the current maximum monthly guaranteed benefit — payable as a single life annuity at age 65 — insured by the Pension Benefit Guaranty Corporation? *This question is required.
7. In 2020, retirees will pay what percentage more, on average, for health care insurance premiums, according to the National Active and Retired Federal Employees Association? *This question is required.
8. On average for 2020, Social Security retirement benefits for an individual retiree will rise by what monthly amount? *This question is required.
9. As a 3(16) 401(k) fiduciary, the services you offer would include which of the following? *This question is required.
10. Which of these funds has the lowest expense ratio? *This question is required.
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