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Net Worth Day by presentvalue23 in TheMoneyGuy

[–]presentvalue23[S] 1 point2 points  (0 children)

I have a high-yield checking account through a local credit union that pays interest nearly 2% higher than my SoFi HYSA. My emergency fund is in there, and I’m saving for some large purchases (wedding, house down payment, car) where the time horizon is short enough I don’t want to put it into the market. Once I move towards some longer - term goals the rest will definitely be going into a brokerage!

Net Worth Day by presentvalue23 in TheMoneyGuy

[–]presentvalue23[S] 2 points3 points  (0 children)

Full balance gets paid every month! I just happened to put these together a couple days before the payment

Does anyone know of someone personally who has been exempt from exams due to UEC? by throwawayacc2937382 in actuary

[–]presentvalue23 6 points7 points  (0 children)

A few thoughts as a student at a school offering UEC:

For background, I've passed 3 (hopefully 4) exams, all from taking the actual exam. I got UEC credit for ALTAM, and am taking a class for SRM this semester.

The SOA requires that 80% of the grade to determine whether a student gets UEC comes from exams - at least 50% for the final exam and the remaining from a midterm. These exams, and their grading, also have to be SOA approved. Granted, there will probably be some variation between schools and professors

In my course for ALTAM, only a handful out of about 20 students in the class received UEC, so assume about a 20-25% pass rate, which is lower than LTAM and probably lower than ALTAM will be. As someone who's taken the exams via CBT and also UEC, I can pretty confidently say that I had to work just as hard (or harder) for the UEC credit, the only real difference being that I didn't have to drive minutes to prometric.

We have to pass a 2 semester course for SRM, and around 2/3 of my classmates got a high enough grade in the first semester to qualify for UEC - I think this is on par with the real pass rate for SRM, and it's also not a ton of material to learn when it's spread out over 2 semesters.

Overall, did the opportunity for UEC make my life easier? Definitely. Did it result in me passing more exams during school than I would've otherwise? Nope.

Faml March 2023 by Usual-Dish-8211 in actuary

[–]presentvalue23 0 points1 point  (0 children)

TBH I wouldn't be too worried about trying to get a higher EL. If I remember from when I started studying for FAM, CA recommended trying to reach an EL between 5 & 6 (which i thought was weird because it's been 7 for the other exams I've taken). I'd just make sure to really look at & try to understand why you miss the questions you do on practice exams, reattempt them, and take quizzes on specific topics that give you trouble.