CFP® exam practice questions on Achieve are designed in such a way that it resembles the CERTIFIED FINANCIAL PLANNER™ exam pattern. The CFP® exam pattern comprises 170 questions to be solved in two sessions. Familiarization with the CFP® exam questions is a must before you enter the hall so that you can plan better for the test. CFP® Exam Prep by Achieve offers you free ten CERTIFIED FINANCIAL PLANNER™ exam practice questions to help you understand what kind of MCQs can be asked from the subject – Retirement Savings and Income Planning.
Q1. Employees with less than how many years of service may be denied access to an employee stock purchase plan (ESPP)?
Q7. Answer the following question using the CFP Board tax tables for 2021. Wade and Lucy are a married couple who have filed a combined tax return. They made $245,000 last year. Which of the following statements is correct?
A. can put the first portion of their earnings into a Roth IRA and the rest into a traditional IRA.
B. They can contribute to a Roth IRA for one more year
C. They are ineligible to contribute to a Roth IRA
D. They can continue to contribute to a Roth IRA until their income hits $250,000
Q8. All employees are covered by a defined benefit plan provided by the company. The plan does, however, deliver 70% of the employer’s benefits to key employees, making it a top-heavy plan. What is the employer’s minimal contribution on behalf of non-key employees?
Now, as you have solved the CFP® exam practice questions, it can help you gain clarity on the pattern. When you do an in-depth analysis of the questions you solve, you will be able to judge which concepts you are getting wrong. By practicing more such questions at CFP® Exam Prep by Achieve, you can review your prep level for all the topics of the CFP® exam syllabus. Knowing your areas of strengths and weaknesses can help you rethink the preparation strategy and study accordingly.