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John Mussman
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Decks in this class (80)
Financial Fundamentals - Ch 1
7 stages of financial planning,
Cfp board s code of ethics and st...,
Financial plan
53
cards
Financial Fundamentals - Ch 2
Identify the three general school...,
What is the the developmental sch...,
What is the humanistic school of ...
80
cards
Financial Fundamentals - Ch 3
Define the 7 steps to the financi...,
What is the life cycle approach,
What is the pie chart approach
46
cards
Financial Fundamentals - Ch 4
Name the 2 principal financial st...,
Define a balance sheet,
Define cash and cash equivalents
61
cards
FInancial Fundamentals - Ch 7
What is the time value of money,
What is the present vlaue,
What is the future value
27
cards
Financial Fundamentals CH 7 TVM
What are the 2 key values in the ...,
What is the time value of money tvm,
What are the 4 steps for the appr...
26
cards
Financial Fundamentals - Ch 8
Tuition and fees make up what of ...,
What is fafsa,
What is the efc
118
cards
Financial Fundamentals - Ch 15
What is microeconomics,
What is,
What is gnp
130
cards
Financial Fundamentals - Ch 16
The standards of professional con...,
The code and standards includesth...,
What are the 2 areas of the stand...
58
cards
Financial Fundamentals - Ch 17
Name several special financial pl...,
What are some of the concerns wit...,
What advice and strategies to fam...
38
cards
Insurance - Ch 1
Some risks are unavoidable and so...,
What was the first nation to adop...,
When was the first life insurance...
7
cards
Insurance - ch 2
Risk can be divided into 4 catego...,
1 insurance is a transfer of_____...,
The most important types of risk ...
113
cards
Insurance - ch 3
Embedded deductible example the j...,
79
cards
Insurance - ch 4
Adverse selection risk the risk t...,
3 parties to a contract,
T is also possible for the owner ...
94
cards
Insurance - Ch 5
Premium payments on life insuranc...,
A final exception to the rule tha...,
Dividends are treated as a ______...
82
cards
Insurance Ch - 6
If a person is covered by a priva...,
Disabled insureds generally conti...,
56
cards
Insurance Ch - 7
Long term care services long term...,
Traditional medical care,
Adl s vs ia
82
cards
Insurance Ch - 8
The two features of an equity ind...,
Annuities one of the common goals...,
Retirement issues retirement life...
80
cards
Insurance Ch - 9
Introduction to property and liab...,
Covered perils 1 of 2 coverage to...,
Covered perils 2 of 2
119
cards
Insurance Ch - 10
Consumer lending and consumerspen...,
Secured vs unsecured loans secure...,
Credit report info collected the ...
57
cards
Insurance Ch 11
Ss hurdle amounts,
Social security taxes and contrib...,
38 medicare tax applies to the le...
81
cards
Investments Ch 1
8
cards
Investments Ch 2
Definitionsmarket structureasset ...,
68
cards
Investments Ch 3
Risk and return,
Methods of measuring returns,
Expected and required rate of return
98
cards
Investments Ch 4
Portfolio management,
Portfolio considerations,
Risk tolerance
81
cards
Investments Ch 5
Benchmark portfolio exampleconsid...
51
cards
Investments Ch 6
History of financial decision making,
Modern portfolio theorymodern por...,
55
cards
Investments Ch 9
79
cards
Investments Ch 10
Equity securities analysistwo app...,
61
cards
Investments Ch 11
51
cards
Invesments Ch 12
Types of investment companiesther...,
Investment companies provide inve...,
Investment company tax treatment
36
cards
Investments Ch 13
Asset allocation using mutual funds,
Steps in investment process,
Asset allocation examplerory and ...
44
cards
Investments Ch 7
Introduction,
Variety of issuersvariety of bond...,
Key features of bondsterm maturity
73
cards
Investments Ch 8
Valuation of fixed income securities,
Resent value exampleassume a thre...,
Valuation of fixed income securit...
80
cards
Investments Ch 14
Derivatives introduction,
The futures market,
Forward vs futures contract
46
cards
Investments Ch 15
Options,
Options uses,
Option terminology buyer holder s...
76
cards
Investments Ch 16
Introduction,
Benefits returns diversification ...,
Risk poor liquidity high research...
47
cards
Tax Ch 1
18
cards
Tax Ch 2
62
cards
Tax Ch 3
Basic tax formula taxable income ...,
Partial list of exclusions
85
cards
Tax Ch 4
82
cards
Tax Ch 5
69
cards
Tax Ch 6
50
cards
Tax. Ch 7
82
cards
Tax Ch 8
68
cards
Tax Ch 9
Miranda is a single mom with 2 ch...,
Owen who is single contributed 6 ...,
Jackson s second wife avery died ...
28
cards
Tax Ch 10 Basic Rules, Depreciation
Basic Rules, Depreciation
32
cards
Tax Ch 11 Taxation of Capital Assets
Asset categorizationall assets ar...,
When a taxpayer sells an asset in...,
The amount realized on a sale inc...
42
cards
Tax Ch 12 Business Assets
Depreciation recapture carries ov...,
Sales of tangible personalty but ...,
Depreciation recapture is extingu...
30
cards
Tax Ch. 13 Non-taxable Exchanges
Assets held for personal use qual...,
Irc section 1031 requires that ex...,
If the only asset a taxpayer rece...
38
cards
CH 14 Passive Activity Rules
The passive activity loss rules d...,
A taxpayer who dedicates 400 hour...,
If grouped passive activity limit...
35
cards
Ch 15 Alternative Min Tax
The amt was designed to curb abus...,
The amt is most likely to affect ...,
The foreign tax credit increases ...
40
cards
CH 16 Business Entity Selection and Taxation
Not all entities are separate leg...,
Piercing the veil may occur if bu...,
Sole proprietorships are never re...
47
cards
Retire Ch -1 Intro
What is the basis of the 25 times...,
Each of the following describe a ...,
4
cards
Retire CH2 Retirement Planning
Approximately 80 of men work past...,
The rle is the time period beginn...,
As the rle increases because of e...
41
cards
Retire Ch 3 Qualified Plan Overview
Pension plans are more common tha...,
All pension plans are defined ben...,
Contributions to qualified retire...
66
cards
Retire Ch 4 Qualifed Pension Plans
A pension plan that is unable to ...,
Pension plans do not permit in se...,
Pension plans may only invest up ...
56
cards
Retire Ch 5 Profit Sharing Plans
A profit sharing plan is a plan e...,
A pension plan can be funded usin...,
Profit sharing plans must be esta...
55
cards
Retire Ch 6 Stock Bonus & ESOP
A stock bonus plan is a particula...,
A valuation of an employer s secu...,
A stock bonus plan may require an...
45
cards
Retire Ch 7 Distributions from Qual. Plans
Loans from qualified plans can ne...,
Loans from qualified plans must a...,
The law requires loans from quali...
57
cards
Retire Ch 8 Installtion/ Admin/ Term. of Qualified Plans
Plan selection should only focus ...,
While an employee census is gener...,
An employer with fluctuating cash...
43
cards
Retire Ch 9 - IRA's and SEP's
Ira contributions that exceed the...,
Individuals who are active partic...,
Lump sum ira distributions may be...
56
cards
Retire Ch 10 - Simple, 403b, 457
Simple plans may operate on a cal...,
Simple ira plans are permitted fo...,
Simple plans can only be establis...
61
cards
Retire Ch 11 Social Sec, Medicare, Medicaid
Fully insured means that a worker...,
Social security benefits can be p...,
Medicare part a generally pays fo...
55
cards
Retire Ch 12 Deferred Comp, NQSO, ISO
A stock option agreement must be ...,
The exercise of an iso triggers w...,
At the exercise date of an nqso t...
32
cards
Retire Ch 13 Employee Benefits Fringe Benefits
An employee fringe benefit is not...,
Employee fringe benefits are taxa...,
If an employee fringe benefit is ...
47
cards
Retire Ch 14 Employee Benefits: Group Benefits
Ppos typically have a wider netwo...,
The emergence of managed care pla...,
The value of health benefitsprovi...
31
cards
Estates Ch 1 Intro.
Which of the following is include...,
Which of the following individual...,
Who on the estate planning team u...
24
cards
Estates Ch 2 Basic Estate Planning
Duane drafted his own will utiliz...,
When additional property is acqui...,
Which of the following documents ...
35
cards
Estates Ch 3 Types of Property
Tenancy in common is only availab...,
A tenancy in common can be severe...,
Property acquired by gift by inhe...
40
cards
Estates Ch 4 Probate Process
The probate process protects the ...,
The probate process often require...,
If a partner of a nontraditional ...
34
cards
Estates Ch 5 Gift Taxe
If kyle pays krystal s car note a...,
The lender of a 150 000 no intere...,
Generally gift tax is calculated ...
49
cards
Estates Ch 6 Estate Tax
A court award for wrongful death ...,
Proceeds of a life insurance poli...,
Assets disposed of between the da...
40
cards
Estates Ch 7 Transfers during Life & at Death
The scin level premium is like a ...,
At the date a grat is funded the ...,
The value of a grit is calculated...
34
cards
Estates Ch 8 Trust
The grantor is the individual who...,
Property in a revocable living tr...,
The uniform statutory rule agains...
63
cards
Estates Ch 9 Charitable Giving
Gifts of services are fully deduc...,
If an individual sells property t...,
The donor of unencumbered propert...
45
cards
CH 10 Unlimited Marital Deduction
Unless the inherited property has...,
Use of the marital deduction will...,
A terminable interest is any inte...
48
cards
Estates Ch 11 Life Insurance in Estate Planning
Life insurance is often used in e...,
Generally as an individual gets o...,
A term life insurance policy is m...
64
cards
Estates Ch 12 Special elections / Postmortem PLanning
Funerals are expensive and can be...,
Administrative expenses of an est...,
Any passive loss carryforwards ar...
35
cards
Ch 13 Estates Generation-Skipping Transfers
Qualified transfers are not subje...,
The inclusion ratio is determined...,
The inclusion ratio is determined...
42
cards
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CFP NOV 2024 Prep
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