Gp

Question 1

Interest to be deductible in a home equity loan

Answer 1

Qualifying home equity debt cannot exceed the difference between the current FMV and the current indebtedness

Question 2

Calculator information: positive inputs

Answer 2

CD or bond interest received by client
Dividends received by client
Pension or IRA distributions received by client
Withdrawals from mutual funds received by client

Question 3

Calculator information: negative inputs

Answer 3

Investments into mutual funds, stocks bonds and IRAs
A repair made to investment property
Pension or 401k deposited made by clients employer

Question 4

Calculator information: begin mode

Answer 4

College tuition
Retirement benefits
Family needs

Question 5

Calculator info: end mode

Answer 5

Retirement plan contributions
Bond interest
Mortgage payments

Question 6

When does the duty to act as a fiduciary arise?

Answer 6

When the CFP professional provides financial advice to a client