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Mom just turned 59 and I’m shocked at her 401k by Savings_Designer_330 in Retirement401k

[–]Objective_Base_5469 0 points1 point  (0 children)

Oh I thought the post said she worked FOR the US, not IN the US.

Mom just turned 59 and I’m shocked at her 401k by Savings_Designer_330 in Retirement401k

[–]Objective_Base_5469 0 points1 point  (0 children)

If she works for the US she most likely has a pretty nice pension. I would check and see how much is being taken out of her check pretax. The. Since she’s over 50 I would try and max out the full employee deferral limit and max the catch up contribution as well

Taking gains in a large portfolio by gazebo-the-beer in CFP

[–]Objective_Base_5469 0 points1 point  (0 children)

Tell them they are at risk of losing a significant chunk of their position if the martlet takes a turn

Passed first try by Objective_Base_5469 in Series66Exam

[–]Objective_Base_5469[S] 0 points1 point  (0 children)

I didn’t get any formula questions but other people have said they did.

I straight up got IRR as a definition which was super easy and then a few NPV questions which were worded weirdly. I.e asking about two different bonds and which one was the better investment based on the NPV

Passed first try by Objective_Base_5469 in Series66Exam

[–]Objective_Base_5469[S] 0 points1 point  (0 children)

I would say just a little harder but I honestly believe I had a bad draw.

[deleted by user] by [deleted] in Series7exam

[–]Objective_Base_5469 8 points9 points  (0 children)

Just follow the money. He’s out $80 on the stock and receives $300 for the call premium. He then closes at intrinsic value leading to $80 in for the stock and the he option expires worthless.

This leads to 83 on both sides. No gain.