Self-study exam based on a thorough understanding of articles that include the topics of: Economic concepts; Time value of money concepts and calculations; Principles of counseling; and General principles of effective communication.

 After reading and understanding the two articles required for this exam, the planner will:

• Understand how anchoring an initial retirement savings amount can affect outcomes
• Understand how to assist clients in saving for their retirement goals and encourage escalating savings rates.
• Understand some specific rules of 529 plans and some education-related credits.

Competency Level: Foundational

FPA Competency: Critical Thinking

CFP Board Topic: General Financial Planning, Psychology of Financial Planning

CFP Board CE Credit Hours: 1