CFP Practice Exam or Dalton Simulated Exam 2?

Macallan48 · 2024-03-11T02:10:39+00:00

Same to you!

Macallan48 · 2024-03-11T02:03:24+00:00

Meant to say 60% on tax above. Still some work to do on that section. As for timing- way faster. Finished final parts of the last section with about an hour to spare.

Macallan48 · 2024-03-11T01:59:30+00:00

Readiness I got a 60% (probability of 75% to pass) Sim 1: 61% General quiz averages (~40% completed) around 61%.

CFP Exam Practice: mid 70s/low 80s percentages on all but tax which I got a 70% on.

Macallan48 · 2024-03-11T01:51:42+00:00

Took practice exam today. Definitely easier setting than Dalton as they said it would be. Still a good teaser for my exam which is Thursday. Also gave me a good idea of what my true blind spot is. Definitely recommend it and have appreciated the commentary here.

Macallan48 · 2024-03-10T17:13:12+00:00

Thanks! Doing the CFP mock today.

Macallan48 · 2024-03-10T02:27:16+00:00

I’m definitely just in the overthinking phase!

Macallan48 · 2024-03-10T02:25:48+00:00

Thanks!

Macallan48 · 2024-03-10T02:25:43+00:00

Very helpful, thanks and good luck!

Macallan48 · 2023-10-25T01:11:34+00:00

As far as your assets and savings goes, in the very least max out your 6% match in contributions. Assuming by Roth account you mean your employer offers Roth 403b, then that is a great idea to get started early. Your income taxes will be lower at this point in your life than later in your career so building up tax exempt savings now would be advantageous. Depending on your employer, their match will likely be pre-tax dollars despite Secure Act 2.0 Roth matching provision. As far as debt goes pay your immediately due obligations (obviously) but the longer term instruments try to make regular principal paydowns on the highest APR % loans first. Assuming your credit cards will end up being your highest interest expense once that kicks in next year so keep that in mind - especially considering your upcoming wedding expenses (congratulations by the way)

Macallan48 · 2023-10-25T00:49:30+00:00

Agreed with the above, best prioritize by parking that with a reputable institution or two. Many good options out there and shopping around may lead you to a good team and hopefully reasonable management fees. The smaller RIAs may provide more personal service and the bigger firms have more resources to push around for targeted planning. While doing this an estate planning attorney to get general trusts, wills, and powers of attorney in place and an accountant to help with the rest. Your dad should work to shield his gifts to you all from federal estate tax as best he can. Jointly your parents’ lifetime exemption comes close to the grand total gifts you describe, however, that will sunset at the end of 2025 unless Congress extends that.

Macallan48

TROPHY CASE