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5 Cards in this Set
- Front
- Back
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Stages of the Personal Financial Planning Process
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Establish (100 Series) - & defining relationship
Gather (200 Series) - Process (300 Series) - & analyzing Recommend (400 Series) - Implement (500 Series) - Monitor (600 Series) - |
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Code of Ethics and Professional Responsibility
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Integrity (Principle 1)
Objectivity (Principle 2) Competence (Principle 3) Fairness (Principle 4) Confidentiality (Principle 5) Professionalism (Principle 6) Diligence (Principle 7) |
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Rules of Conduct
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Relationship
Information Property Obligations to Prospective Clients Obligations to Employers Obligations to CFP Board |
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Reverse Mortgage's
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1) Funds may be received in a lump-sum, ongoing payments or as a line of credit. Repayment occurs upon death, concl of term of yrs or by homeowner absence
2) If RM proceeds distributed as an annuity, such income may be considered inc as per Supplemental Security Income (SSI) & may cause loss of benefits. |
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EE Bond Phaseout & College Funding Grants (Incl American Opportunity Credit, Lifetime Learning Credit)
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EE Bond AGI Phaseout: $106 - $136.
AOC: $2.5K p.a. max (100% on first $2K and then 25% of next $2K), undergrad only, phase-out $160-$180. LLC: $2K max, Undergrad & grad - phaseout $100 - $120K MAGI Cannot claim Coverdell ESA on same expenses - Must be unique. |
