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What’s Required to Become a Certified Financial Planner?

A certified financial planner seems like something to assist wealthy people in keeping track of their significant incomes, extensive investments, and multiple bank accounts. That’s not the case, however. If you’ve got debt, if you’re saving for retirement or if you only have general questions on your finances, you would possibly consider a certified financial planner.

Your CFP­ will study your income, taxes, investments, debts, and every one the other elements of your financial picture. From there, you’ll find out the way to achieve your goals. Your CFP will be there every step of the way to assist you in identifying your goals, find and evaluate financial strategies, and come up with a plan. After you start, your certified financial planner will check in with you frequently to assist you to stay track.

All financial planners aren’t created equal, however. Anybody can say that he or she is a financial planner. But a licensed Financial Planner (CFP) is a formal recognition of experience within the areas of financial planning, taxes, insurance, estate planning, and retirement (such as 401ks). Owned and awarded by the Certified Financial Planner Board of Standards, Inc., the designation is awarded to individuals who complete the CFP Board’s initial exams, then continue ongoing annual education programs to sustain their skills and certification.

Earning the certified financial planner designation involves meeting requirements in four areas: formal education, performance on the CFP exam, relevant work experience, and demonstrated professional ethics.

The education requirements comprise two major components. The candidate must verify that he or she holds a bachelor’s or higher degree from an accredited university or college recognized by the U.S. Department of Education. Second, he or she must complete a list of specific courses in financial planning, as specified by the CFP Board. Much of this second requirement is usually waived if the candidate holds specific accepted commercial designations, like CFA, or CPA, or has a higher degree in business, like an MBA.

The CFP exam comprises 170 multiple-choice questions that encompass over 100 topics associated with financial planning. The scope includes professional conduct and regulations, financial planning principles, education planning, risk management, insurance, investments, tax planning, retirement planning, and estate planning. The varied topic areas are weighted, and therefore the most up-to-date weighting is accessible on the CFP Board website. Further questions test the candidate’s expertise in establishing client-planner relationships and gathering relevant information. Their ability to analyze, develop, communicate, implement, and monitor the recommendations they make to their clients.

As for the professional experience, candidates must prove they have a minimum of three years (or 6,000 hours) of full-time professional experience within the industry, or two years (4,000 hours) in an apprenticeship role, which is then subject to further individualized requirements.

Lastly, candidates and CFP holders must adhere to the CFP Board’s standards of professional conduct. They have to also regularly disclose information about their involvement during a variety of areas, like criminal activity, inquiries by government agencies, bankruptcies, customer complaints, or terminations by employers. The CFP Board also conducts an in-depth background check on all candidates before granting the certification.

Even successful completion of the above steps doesn’t guarantee receipt of the CFP designation. The CFP Board has final discretion on whether or not to award the designation to an individual.…

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How To Choose Your Ideal Office Chair

Choosing the right office chair might be more important than you think. The wrong office chair could cause lower back pain and even injury over time. The right office chair, however, can ensure that you stay comfortable and productive all day. Here are a few things to keep in mind when you head to your favorite Indianapolis office furniture store to find a new office chair.

Proper Lumbar Support Is Key

Poor lumbar support can put unnecessary stress on your spine. A good office chair should have enough lower back support to conform to the curve of your spine. This will encourage appropriate posture and keep your lower back from hurting after a long day at the office.

You Should Be Able To Easily Adjust the Height and Backrest

A suitable office chair will have levers that allow you to adjust the height of the chair and the angle of the backrest. Modify the height of the chair until you can sit close to your desk with your lower arms flat on the top of the desk. Also, your feet should be flat on the floor, and your knees should not be angled upward or downward.

The backrest needs to be adjustable as well so that you are not leaning too far forward or backward while you work.

Choose the Right Chair for Your Height

When you sit in your office chair, there should be a few inches between the chair and the back of your knees, and you need to be able to sit all the way back in the chair against the backrest.

You need an office chair that allows you to be comfortable all day. Keep your lower back pain-free by selecting a chair that you can adjust to fit you and only you. Your spine will thank you for it!…