College Education and Funding - CFP®
CFP® Certification CE
4 credit hours
If purchased today, this course must be completed by:
December 31, 2022 (135 Days)
Insurance Continuing Education
Professional Continuing Education
This course was designed, constructed and written to provide you with continuing education for Financial Professionals in the area of individual planning and saving for education with special attention to Qualified Tuition Plans…529 Plans and Coverdell Education Expense Accounts
It acknowledges and includes some examination of the Roth and traditional IRAs, Student Aid, UGMAs and UTMAS, as well, due to the competing needs of retirement and education. It also highlights withdrawal opportunities and tax consequences for education expenses that are a common component of government sponsored accumulation programs.
Besides the goal of acquiring additional credits toward your continuing education requirement, it is our hope that you will acquire a new level of competency and insight into this highly critical area of people’s financial future…saving and accumulating dollars for use in the future for education.
Education and Retirement are the two most critical needs that people plan and save for. Yet, both of these objectives and needs compete for a limited amount of money available in most situations. As time goes by, individuals’ situations change with respect to their available discretionary income, tax brackets, and family situations. In addition, tax law changes, program availability, and feature modifications are constantly being reviewed, updated, and changed. Some save separately specifically for retirement and education. Some save for the future (retirement), and take care of education as best they can when it occurs prior to their retirement…or some combination of both!
Yet some things are fundamental and seldom, if ever, change. Accumulating funds for the future depends on money, time, a vehicle, and consistency. With so many plans and places to save or invest in, the real key is to start putting aside funds so that an educational nest egg is available down the road. The more one puts away today, the more it grows. The higher yield or growth each dollar earns makes it compound faster and greater. The less the taxes we pay when we put it away, as it grows, and when we take it out allows for each dollar to work harder, grow larger, and provide for more of its intended usage. And, to the extent we have planned ahead for certain amounts to be available at specific times in the future, the more motivated we are to put aside on a regular basis an amount that will grow to what is needed in the future (consistency).
Your study text is comprised of 9 chapters with pages of charts, graphs, and other visual tools for enhancing the value of the information for you as well as to enhance your recall beyond the course.
Whether you are a newer agent or a veteran, we’re confident that you will gain new insight into this critical area for Americans as well as brush up on current info and regulations pertinent to this area of your expertise.
Among others, the main course objectives include the following:
- Inform students about practical and useful realities in the educational financial environment, government involvement and the various economies that relate to providing for future education needs.
- Increase student’s overall competency in Education saving issues.
- Increase student’s specific knowledge about Qualified Tuition Plans with special emphasis on 529 Plans, Coverdell Education Expense Accounts, UGMAs, and UTMAs, Roth IRAs, traditional IRAs, Student Financial Aid, and ‘Pay as They Go’ as they relate to education fund development and expense pay outs.
- Clarify the differences between education savings alternatives
- Provide a basis for analysis for education expense needs.
- Examine approaches for determining a plan for saving to meet educational accumulation goals.
Rules for CFP® Certification CE
- Course material may be downloaded. Most online materials will have a PDF version available on your dashboard to download.
- Exam is open book. You will not be able to access the online materials at the same time as the exam, but you may use your notes and the PDF download of the material, if that is available for your particular course.