The Financial Planning Challenge is an annual competition for undergraduates enrolled in financial planning degree programs registered with the CFP Board. Organized by the Financial Planning Association, the challenge engages students in preparing and presenting a complete financial plan as well as demonstrating expertise by answering questions about retirement planning, taxes, insurance, estate planning and CFP policies.
This quiz is based on actual questions from the part of the competition known as “How Do You Know?” in which student teams compete in a game-show-style format at the FPA’s annual conference. Test your skills against those of the student teams who, with the clock running, generally nailed the answers to these 15 questions from the past two Financial Planning Challenges. The questions are presented in increasing order of difficulty.