Understand the different types of trusts
The CFTA test covers colorful types of trusts,
Certified Trust and Financial Advisor similar as revocable trusts, irrevocable trusts, and special requirements trusts. It's pivotal to understand the different types of trusts and their benefits and downsides to give suitable advice to guests.
Be familiar with withdrawal planning
Retirement planning is a pivotal aspect of fiscal planning. The CFTA test covers colorful withdrawal planning ways, similar as Social Security benefits, IRAs, and 401( k)s. It's essential to be familiar with these ways to give proper withdrawal planning advice to guests.
Task 4 Consult and apply withdrawal strategies.
Knowledge of
• Types of IRA accounts
• good versusnon-qualified plans
• Social Security
• Medicare/ Medicaid
• Employee stock power plans( ESOPs)
• Net unrealized appreciation( NUA)
Task 5 Educate guests regarding the use of
Exam Labs Dumps insurance to alleviate threat.
Knowledge of
• Life insurance
• Health insurance
• Property and casualty insurance
• Homeowner’s insurance
• Disability insurance
• Long- term care insurance
• Marquee insurance
• Malpractice insurance
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