Open Exam Prep

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The function of a variable annuity death benefit and how it protects beneficiaries. - How surrender charges are structured and create illiquidity for the contract owner. - The purpose of Mortality & Expense (M&E) risk charges and other administrative fees. - How tax-deferred growth allows investments to compound without...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - Why variable annuities are considered hybrid products, regulated as both insurance and securities. - The role of the separate account and its subaccounts in providing investment exposure and variable returns. - How accumulation units function during the pay-in phase and why their number changes. - The process of annuitization...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The difference between a closed-end fund's IPO and its secondary market trading. - Why closed-end funds can trade at a premium or discount to their Net Asset Value (NAV). - How to calculate the price an investor pays for a closed-end fund on an exchange. - The defining features...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - How ETFs are structured and trade intraday on exchanges like individual stocks. - The unique creation and redemption process involving Authorized Participants (APs). - The concept of "in-kind" transfers and why they are crucial to ETF operations. - The primary reason ETFs are generally more tax-efficient than mutual...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The primary investment objectives of the four main mutual fund types: equity, bond, balanced, and money market funds. - How to differentiate between various sub-types, such as growth stock funds and income bond funds. - The core difference between active management and the passive management approach of index funds. ...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The key differences between Class A, B, and C mutual fund shares and their associated sales charges. - How 12b-1 fees are used for marketing and distribution and vary across different share classes. - The specific components of a mutual fund's expense ratio and the critical fees that are...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- The primary fee structures of Class A, Class B, and Class C mutual fund shares.

- How investors can use breakpoints to receive reduced front-end sales charges.

- The difference between a Letter of Intent (LOI) and Rights of Accumulation...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- The definition of an open-end investment company and how it differs from other securities.

- How to calculate a mutual fund's Net Asset Value (NAV).

- The concept of forward pricing and its application to all mutual fund transactions.

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The core characteristics of money market instruments: short-maturity, high-quality, and high-liquidity. - Why corporations issue commercial paper with maturities of 270 days or less. - How banker's acceptances are used to facilitate international trade and import/export financing. - The mechanics of a repurchase agreement (repo) and who is considered...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The relationship between falling interest rates and an issuer's decision to call a bond. - How callable bonds create reinvestment risk for investors. - The definition of purchasing power risk and its impact on fixed-income investments. - How liquidity risk varies significantly between different types of bonds, such as...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - How interest rate changes inversely affect existing bond prices. - Using duration to measure a bond's price sensitivity to interest rate risk. - The two key factors that increase a bond's duration and price volatility. - The function of credit rating agencies in assessing an issuer's default risk. ...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The federal tax-exempt status of municipal bond interest. - How state and local taxes apply to in-state versus out-of-state bonds. - How to calculate the tax-equivalent yield to compare muni and corporate bonds. - The role of the Alternative Minimum Tax (AMT) for private activity bonds. - The important...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - The difference between revenue bonds and general obligation (GO) bonds. - The role and importance of a feasibility study in assessing project viability. - What a rate covenant is and how it protects bondholders. - The detailed priority of payments in a net revenue pledge's flow of funds. ...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The fundamental difference between General Obligation (GO) bonds and revenue bonds. - Why GO bonds are uniquely backed by the full faith, credit, and taxing power of the issuer. - The critical role of voter approval before a municipality can issue new GO bond debt. - The key factors...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The key differences between GNMA, FNMA, and FHLMC. - Why GNMA securities are considered free from credit risk. - How mortgage-backed securities pass payments from homeowners to investors. - What prepayment risk is and why it occurs when interest rates fall. - How to identify common traps and question...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - Differentiating T-bills, T-notes, and T-bonds by maturity and interest payment structure. - How to interpret and calculate the price of T-notes and T-bonds quoted in 32nds. - The unique tax treatment of U.S. Treasury securities: federally taxable but exempt from state and local taxes. - Understanding how Treasury...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - The difference between secured bonds backed by assets and unsecured bonds (debentures) backed by credit. - How the risk and yield relationship applies to different types of corporate bonds. - The unique features of convertible bonds and their relationship to the underlying common stock. - The concept of "...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The inverse relationship between bond prices and interest rates, often compared to a seesaw. - How to calculate a bond's Current Yield and why it differs from the fixed coupon rate. - The key differences between Current Yield (CY), Yield to Maturity (YTM), and Yield to Call (YTC). ...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The definitions of par value, coupon rate, and maturity date for corporate bonds. - The fundamental inverse relationship between market interest rates and existing bond prices. - Why a bond's price decreases to trade at a discount when interest rates rise. - Why a bond's price increases to trade...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The primary purpose of preemptive rights in protecting existing shareholders from dilution. - How the exercise price for rights is set below the current market price to create immediate value. - The role of warrants as long-term sweeteners, often attached to bonds or preferred stock. - Why warrants are...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The key features of cumulative preferred stock and how dividend arrears are handled. - The characteristics of callable preferred stock and why it benefits the issuer. - How convertible preferred stock allows investors to switch to common stock and its impact on yield. - The unique advantage of participating...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- The dual nature of preferred stock as a hybrid security, blending features of both stocks and bonds.

- How preferred stock provides a fixed dividend payment, calculated as a percentage of its par value.

- The concept of liquidation preference...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The four key dates associated with cash dividend payments. - How to determine who is entitled to receive a dividend based on the trade date. - The impact of a stock dividend on an investor's number of shares and share price. - The difference between a forward stock split...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The difference between statutory and cumulative voting rights. - Why common stockholders are not guaranteed dividends. - The key rights associated with stock ownership. - How to distinguish between meaningless par value and important market value. - The core factors that influence a stock's market price. For more resources...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - The distinct roles of broker-dealers, investment advisers, and market makers. - The definition of an agency transaction, where a firm acts as a broker. - The definition of a principal transaction, where a firm acts as a dealer. - How to identify the compensation for each role: commissions...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The key differences between firm commitment and best efforts underwriting and who bears the financial risk in each. - How an underwriting syndicate is formed to share risk among multiple investment banks. - The specific role of a selling group and why its members have no financial liability for...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The difference between a primary offering (IPO) and a secondary offering based on who receives the proceeds. - How follow-on offerings differ from secondary offerings, a common point of confusion. - What defines a private placement under Regulation D and who is eligible to participate. - The definition of...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The definition of fiscal policy as the government's tool for managing the economy through taxation and spending. - The fundamental difference between fiscal policy (controlled by Congress and the President) and monetary policy (controlled by the Federal Reserve). - How expansionary fiscal policy, using tax cuts and increased government...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - How the Federal Reserve uses open market operations by buying or selling securities to manage the money supply. - The distinction between the discount rate, set by the Fed, and the market-driven federal funds rate. - Why changing the reserve requirement is the Fed's most powerful, but least used...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The decentralized structure of the Federal Reserve System, including the Board of Governors and 12 regional banks. - The Fed's dual mandate of achieving maximum employment and maintaining stable prices. - The composition and primary role of the Federal Open Market Committee (FOMC) in setting monetary policy. - How the...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The four phases of the business cycle: expansion, peak, contraction, and trough. - How rising and falling GDP and inflation characterize each economic phase. - Which stock sectors, like cyclical and defensive, perform best in different cycles. - The inverse relationship between interest rates and bond prices during contractions. ...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The difference between leading, lagging, and coincident economic indicators. - Why the S&P 500 and building permits are considered leading indicators. - How Gross Domestic Product (GDP) provides a real-time snapshot of the economy. - The critical distinction between initial unemployment claims (leading) and the unemployment rate (lagging). ...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - The core function of the primary market as the source of new capital for issuers. - How an Initial Public Offering (IPO) serves as a classic example of a primary market transaction. - The defining characteristic of the secondary market: trades between investors with no proceeds going to...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The fundamental role of capital markets in connecting investors with businesses. - The clear distinction between the Primary Market, where new securities are issued, and the Secondary Market, where they are traded. - How an Initial Public Offering (IPO) serves as a classic example of a Primary Market transaction. ...

Guides investment decisions by outlining client objectives, risk tolerance, and constraints. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Dow Jones is price-weighted, while S&P 500 is value-weighted, reflecting different market aspects. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Bonds convertible into predetermined shares, offering potential for equity upside. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Uses net operating income and capitalization rate to determine property value. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Governed by acts like the Securities Act of 1933 and 1934, regulating primary and secondary markets. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Strategy that matches bond durations to investment time horizons to reduce interest rate risk. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Include CDs, Treasury Bills, and commercial paper, each providing short-term liquidity with low risk. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Combines equity and debt features, providing fixed dividends without maturity dates. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Ex-dividend date determines eligibility for dividends; stocks must be purchased before this date to qualify. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Increase shares and reduce stock price, affecting the number of shares and price per share post-split. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Explain yield curve shapes based on liquidity preference, market segmentation, and interest rate expectations. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Bonds issued below par must accrete the discount annually for tax purposes. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Include Sharpe, Treynor, and Jensen's Alpha, evaluating risk-adjusted returns. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Relates risk and return using beta, helping in asset pricing and portfolio management. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Include coupon rate, current yield, and yield to maturity, each providing different insights into bond returns. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Buyers of bonds pay sellers for interest accrued since the last coupon payment. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Indicates a bond's sensitivity to interest rate changes, with higher duration implying greater volatility. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Assumes markets efficiently reflect all available information, making consistent outperformance challenging. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Indicates how two assets move relative to each other, aiding diversification strategies. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Measures systematic risk, or sensitivity to market movements, relative to the market. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Focuses on maximizing returns for a given risk level, using concepts like the efficient frontier. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Systematic risk is market-wide and undiversifiable; unsystematic risk is firm-specific and diversifiable. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Derivative securities providing the right to buy (call) or sell (put) an asset at a specified price. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Measures total risk of a portfolio, indicating volatility and risk level. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Assesses risk per unit of return, useful for comparing investments with different returns. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Include open-end, closed-end, and unit investment trusts, each with unique characteristics. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Initial margin is the equity needed to start a trade; maintenance margin is the minimum equity to avoid a margin call. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Value Line ranks stocks, while Morningstar ranks mutual funds and stocks, aiding investment decisions. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Includes stocks, bonds, derivatives, and pooled investments, each offering different risk and return profiles. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Involves selling borrowed stocks hoping to buy them back at a lower price, requiring a margin account. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Includes retirement, disability, and survivor benefits, with eligibility based on work credits. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Covers various care types, with tax-deductible premiums and benefits for qualified policies. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

--

More Exam Prep Content Visit: https://open-exam-prep.com/

Provides income replacement, with definitions like "own occupation" affecting coverage and premiums. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Allows continuation of group health coverage after employment changes, with specific eligibility criteria. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Requires high deductible health plan, with tax-free distributions for qualified medical expenses. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Mandates essential benefits, prohibits lifetime limits, and offers plan categories like Bronze and Silver. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Major medical covers hospitalization and physician fees, with deductibles and coinsurance affecting costs. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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More Exam Prep Content Visit: https://open-exam-prep.com/

Offers flexible premiums and death benefits, with cash value used to cover costs. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Provide periodic payments, with types including immediate, deferred, fixed, and variable, each with unique features. --

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Term life offers temporary coverage; whole life provides lifetime protection with cash value. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Insurance is regulated at the state level, with NAIC providing model legislation but no direct authority. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Evaluate insurer financial strength, with A.M. Best and Moody's providing ratings from high to low. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Requires insured to cover a percentage of property value, affecting payout if underinsured. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Replacement cost, actual cash value, and agreed value determine compensation for insured losses. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Exclusions specify non-covered events; riders modify coverage, affecting premiums and benefits. --

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High frequency/severity risks require avoidance or insurance; low severity risks may be retained or reduced. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Essential for predicting losses and setting premiums, reducing uncertainty for insurers. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Protects against pure risks by identifying and transferring risk in areas like home, auto, and health. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Must exist at policy inception for life insurance and at both inception and loss for property/liability insurance. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Agents represent insurers, while brokers represent policyholders, impacting policy negotiations. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Strategy to maximize deductions by alternating between itemized and standard deductions annually. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Includes gifts, inheritances, life insurance proceeds, and certain employee benefits. --

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Deduction limits based on AGI and type of property donated; carryover allowed for excess contributions. --

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Includes compensation, business income, interest, dividends, and certain fringe benefits. --

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Imputed interest rules apply; exceptions for loans under $10,000 or with low net investment income. --

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Unearned income over $2,600 taxed at parent's rate; applies to dependents under 19 or full-time students under 24. --

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20% deduction on qualified business income; subject to income thresholds and limitations. --

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Immediate expensing of up to $1,220,000 of business property; reduced by property exceeding $3,050,000. --

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Income must be reported; expenses not deductible if activity lacks profit motive. --

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Ensures minimum tax payment; adjustments and preferences increase taxable income. --

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$2,000 per qualifying child under 17; partially refundable; phase-out starts at $400,000 MFJ. --

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Varies by filing status; additional amounts for age 65+ or blind. --

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Single, MFJ, MFS, HOH, and Qualifying Widower; determined on last day of tax year. --

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Allows tax-free exchanges of life policies and annuities, except annuity for life policy. --

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Income minus exclusions, deductions for AGI, and standard/itemized deductions to determine taxable income. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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Defers gain if proceeds are reinvested in similar property within specified time. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

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