A CFP Study Guide that deliverswhat you need to succeed! This quick study guide for candidates preparing to take the CFP Certification Examination covers the bare-bones essentials needed to pass this challenging exam in a logical and easy-to-absorb manner. Now, in a Second Edition, it covers some of the most important disciplines of financial planning--insurance, employee benefit, investment, income tax, retirement, estate, and general planning--and provides a no-nonsense approach to studying that includes: * A highly logical and candidate-friendly format * An in-depth outline of core essentials * Explanations of all relevant exposures complete with solutions and practical examples * Key points, exam tips, multiple-choice, and mini-case study questions * Mnemonic devices and study techniques to reinforce key points * A format that directly parallels the CFP? Board's topic requirements The Second Edition adds new multiple-choice questions that correlate to the testing and understanding of the new curriculum established by the Certified Financial Planning Board as well as eighty-nine all-new topics related to the new CFP Board Exam. For students who have been through the traditional CFP educational programs and want a book that brings it all together, Rattiner's Review for the CFP Certification Examination, Fast Track Study Guide, Second Edition keeps students organized, on track, and focused on what they need to succeed. In addition to its value as a quick-reference guide to complement all CFP texts and self-study materials, the Guide also serves as an important one-stop resource for financial services professionals who want information in a hurry.
Author(s): Jeffrey H. Rattiner
Edition: 2
Year: 2007
Language: English
Pages: 416
RATTINER'S REVIEW FOR THE CFP CERTIFICATION EXAMINATION, FAST TRACK, STUDY GUIDE, SECOND EDITION......Page 4
CONTENTS......Page 6
ACKNOWLEDGMENTS......Page 8
CHAPTER 1: GENERAL PRINCIPLES OF FINANCIAL PLANNING......Page 10
TOPIC 1: FINANCIAL PLANNING PROCESS......Page 11
TOPIC 2: CFP BOARD’S CODE OF ETHICS AND PROFESSIONAL RESPONSIBILITY AND DISCIPLINARY RULES AND PROCEDURES......Page 12
TOPIC 3: CFP BOARD’S FINANCIAL PLANNING PRACTICE STANDARDS......Page 16
TOPIC 4: FINANCIAL STATEMENTS......Page 17
TOPIC 5: CASH FLOW MANAGEMENT......Page 18
TOPIC 6: FINANCING STRATEGIES......Page 20
TOPIC 7: FUNCTION, PURPOSE, AND REGULATION OF FINANCIAL INSTITUTIONS......Page 23
TOPIC 8: EDUCATION PLANNING......Page 25
TOPIC 9: FINANCIAL PLANNING FOR SPECIAL CIRCUMSTANCES......Page 29
TOPIC 10: ECONOMIC CONCEPTS......Page 31
TOPIC 11: TIME VALUE OF MONEY CONCEPTS AND CALCULATIONS......Page 37
TOPIC 12: FINANCIAL SERVICES REGULATIONS AND REQUIREMENTS......Page 40
TOPIC 13: BUSINESS LAW......Page 44
TOPIC 14: CONSUMER PROTECTION LAWS......Page 48
MULTIPLE CHOICE QUESTIONS......Page 50
CHAPTER 2: INSURANCE PLANNING AND RISK MANAGEMENT......Page 60
TOPIC 15: PRINCIPLES OF RISK AND INSURANCE......Page 61
TOPIC 16: ANALYSIS AND EVALUATION OF RISK EXPOSURES......Page 66
TOPIC 17: PROPERTY, CASUALTY AND LIABILITY INSURANCE......Page 68
TOPIC 18: HEALTH INSURANCE AND HEALTH CARE COST MANAGEMENT ( INDIVIDUAL)......Page 79
TOPIC 19: DISABILITY INCOME INSURANCE (INDIVIDUAL)......Page 83
TOPIC 20: LONG-TERM CARE INSURANCE (INDIVIDUAL)......Page 85
TOPIC 21: LIFE INSURANCE (INDIVIDUAL)......Page 88
TOPIC 22: INCOME TAXATION OF LIFE INSURANCE......Page 99
TOPIC 23: BUSINESS USES OF INSURANCE......Page 101
TOPIC 24: INSURANCE NEEDS ANALYSIS......Page 102
TOPIC 25: INSURANCE POLICY AND COMPANY SELECTION......Page 104
TOPIC 26: ANNUITIES......Page 107
CHAPTER 3: EMPLOYEE BENEFITS PLANNING......Page 118
TOPIC 27: GROUP LIFE INSURANCE......Page 119
TOPIC 29: GROUP MEDICAL INSURANCE......Page 121
TOPIC 30: OTHER EMPLOYEE BENEFITS......Page 124
TOPIC 31: EMPLOYEE STOCK OPTIONS......Page 126
TOPIC 32: STOCK PLANS......Page 129
TOPIC 33: NONQUALIFIED DEFERRED COMPENSATION......Page 132
MULTIPLE CHOICE QUESTIONS......Page 135
CHAPTER 4: INVESTMENT PLANNING......Page 142
TOPIC 34: CHARACTERISTICS, USES, AND TAXATION OF INVESTMENT VEHICLES......Page 143
TOPIC 35: TYPES OF INVESTMENT RISK......Page 159
TOPIC 36: QUANTITATIVE INVESTMENT CONCEPTS......Page 161
TOPIC 37: MEASURES OF INVESTMENT RETURNS......Page 164
TOPIC 38: BOND AND STOCK VALUATION METHODS......Page 169
TOPIC 39: INVESTMENT THEORY......Page 176
TOPIC 40: PORTFOLIO DEVELOPMENT AND ANALYSIS......Page 179
TOPIC 41: INVESTMENT STRATEGIES......Page 188
TOPIC 42: ASSET ALLOCATION AND PORTFOLIO DIVERSIFICATION......Page 195
TOPIC 43: ASSET PRICING MODELS......Page 196
CHAPTER 5: INCOME TAX PLANNING......Page 198
TOPIC 44: INCOME TAX LAW FUNDAMENTALS......Page 199
TOPIC 45: TAX COMPLIANCE......Page 200
TOPIC 46: INCOME TAX FUNDAMENTALS AND CALCULATIONS......Page 202
TOPIC 47: TAX ACCOUNTING METHODS......Page 214
TOPIC 48: CHARACTERISTICS AND INCOME TAXATION OF BUSINESS ENTITIES......Page 216
TOPIC 49: INCOME TAXATION OF TRUSTS AND ESTATES......Page 221
TOPIC 50: BASIS......Page 223
TOPIC 51: DEPRECIATION/COST RECOVERY CONCEPTS......Page 225
TOPIC 52: TAX CONSEQUENCES OF LIKE-KIND EXCHANGES......Page 228
TOPIC 53: TAX CONSEQUENCES OF GAIN OR LOSS ON SALE OF ASSETS......Page 232
TOPIC 54: ALTERNATIVE MINIMUM TAX (AMT)......Page 236
TOPIC 55: TAX REDUCTION/MANAGEMENT TECHNIQUES......Page 240
TOPIC 56: PASSIVE ACTIVITY AND AT-RISK RULES......Page 243
TOPIC 57: TAX IMPLICATIONS OF SPECIAL CIRCUMSTANCES......Page 246
TOPIC 58: CHARITABLE CONTRIBUTIONS AND DEDUCTIONS......Page 249
MULTIPLE CHOICE QUESTIONS......Page 253
CHAPTER 6: RETIREMENT PLANNING......Page 262
TOPIC 59: RETIREMENT NEEDS ANALYSIS......Page 263
TOPIC 60: SOCIAL SECURITY......Page 265
TOPIC 61: TYPES OF RETIREMENT PLANS......Page 269
TOPIC 62: QUALIFIED PLAN RULES AND OPTIONS......Page 275
TOPIC 63: OTHER TAX-ADVANTAGED RETIREMENT PLANS......Page 281
TOPIC 64: REGULATORY CONSIDERATIONS......Page 294
TOPIC 65: KEY FACTORS AFFECTING PLAN SELECTION FOR BUSINESSES......Page 297
TOPIC 66: INVESTMENT CONSIDERATIONS FOR RETIREMENT PLANS......Page 299
TOPIC 67: DISTRIBUTION RULES, ALTERNATIVES, AND TAXATION......Page 300
CHAPTER 7: ESTATE PLANNING......Page 324
TOPIC 68: CHARACTERISTICS AND CONSEQUENCES OF PROPERTY TITLING......Page 325
TOPIC 69: METHODS OF PROPERTY TRANSFER AT DEATH......Page 326
TOPIC 70: ESTATE PLANNING DOCUMENTS......Page 329
TOPIC 71: GIFTING STRATEGIES......Page 332
TOPIC 72: GIFT TAXATION AND COMPLIANCE......Page 336
TOPIC 73: INCAPACITY PLANNING......Page 339
TOPIC 74: ESTATE TAX CALCULATION AND COMPLIANCE......Page 342
TOPIC 76: POWERS OF APPOINTMENT......Page 346
TOPIC 77: TYPES, FEATURES, AND TAXATION OF TRUSTS......Page 349
TOPIC 78: QUALIFIED INTEREST TRUSTS......Page 352
TOPIC 79: CHARITABLE TRANSFERS......Page 353
TOPIC 80: USE OF LIFE INSURANCE IN ESTATE PLANNING......Page 357
TOPIC 81: VALUATION ISSUES......Page 360
TOPIC 82: MARITAL DEDUCTION......Page 364
TOPIC 83: DEFERRAL AND MINIMIZATION OF ESTATE TAXES......Page 367
TOPIC 84: INTRAFAMILY AND OTHER BUSINESS TRANSFER TECHNIQUES......Page 368
TOPIC 85: GENERATION-SKIPPING TRANSFER TAX (GSTT)......Page 372
TOPIC 86: FIDUCIARIES......Page 374
TOPIC 87: INCOME IN RESPECT OF A DECEDENT (IRD)......Page 375
TOPIC 88: POSTMORTEM ESTATE PLANNING TECHNIQUES......Page 376
MULTIPLE CHOICE QUESTIONS......Page 379
INDEX......Page 410
