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Continuing Education Credit — August 2020

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 or send a confirmation email. 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 Arizent customer service at help@arizent.com.
1. The SECURE Act allows 529 plans to pay how much toward a student’s college loan debt on a one-time basis? *This question is required.
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2. Families who paid college tuition before in-person classes were canceled due to COVID-19 and want a reimbursement from their 529 plans can get money back from colleges, per the CARES Act. To avoid paying tax on a non-qualified distribution, plus any tax on gains, the money must be deposited back into the plan within how many days? *This question is required.
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3. A mutual fund is considered no-load if they receive only the shareholder servicing portion of a 12b-1 fee, at what percentage, per FINRA? *This question is required.
Related Content: When can CFPs call themselves 'fee only'?
4. Which of these situations does not qualify for coronavirus-related distributions from retirement plans? *This question is required.
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5. CRD income can be spread out over how many years? *This question is required.
Related Content: A CARES Act RMD bonus for retirement savers
6. If a client withdraws $85,000 from their retirement plan in 2020, what early-withdrawal penalty percentage will they be subjected to?  *This question is required.
Related Content: What CARES Act withdrawals could mean for client retirement savings
7. Within six months of forming, qualified opportunity funds must have what percentage of their assets invested in qualified opportunity zone businesses or business property? *This question is required.
Related Content: Relief granted to opportunity zone investors in light of coronavirus
8. If a qualified opportunity fund sells qualifying property or receives a return of capital distribution from a qualified investment, they must reinvest the proceeds in another qualifying property within 12 months. If there is a federally declared disaster, the fund may delay the investment by how many months? *This question is required.
Related Content: Relief granted to opportunity zone investors in light of coronavirus
9. The start-up tax credit for small businesses adopting a new retirement plan is 50% of the eligible startup costs up to a maximum of what amount, per the SECURE Act? *This question is required.
Related Content: What the Secure Act means for small business retirement plans
10. A new tax credit of how much is available to retirement plan sponsors who added auto-enrollment to their plans as of Jan. 1, 2020, per the SECURE Act? *This question is required.
Related Content: What the Secure Act means for small business retirement plans
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