Question : What retirement plan rules do you need to know for the series 7 exam?
I have a STC book my company gave me and it has the 2004 numbers for all the retirement plans. I know there was a major change in late 2006, so should I know the old rules or the new ones?Also, I'm getting at least 90% on all practice exams and understand the options in the book very well. The only thing I have trouble with is remembering some details like all the exemptions for rule 2790. Is the exam that detailed?
- asked by Tommy
All Answers:
Answer #1
Statistically none. You can pass the test by juststudying muni bonds and options. But Ia m surethere may be a couple of questions on it.
- answered by The Shepherd
Answer #2
The exam is not that detailed regarding retirementplans and IRS rules and regs. In fact not much iscovered at all in this area.Basically the exam isan arcane test the focusses on rules regardingoptions, client communication and suitability. You'll find that you'll only need about 10% of itin your daily job if you will be working for amajor brokerage house.
- answered by Matthew K
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measure and fulfill your financial needs
