Psychology — Certified Financial Planner Practice Questions

28 free Certified Financial Planner questions on Psychology: 8 easy, 12 medium, and 8 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn Psychology from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

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1. Which of the following is true regarding her 2026 catch-up contribution?
2. A client in the Okada household has $90,000 in a traditional… — What is the taxable amount of this conversion?
3. According to the Crummey Powers heuristic, what is the maximum withdrawal power that can be granted to avoid t
4. According to the KomFi Academy framework, how should the planner respond to this recency bias?
5. How many total life insurance policies are required to fully fund this specific arrangement?
6. According to the CFP Mindset hierarchy, what is the planner's most appropriate first step?
7. To avoid triggering a taxable lapse of a power of appointment, the trust document restricts Darby's annual wit
8. What is the correct standard deduction amount they should use?
9. According to the Mindset hierarchy, which rank primarily governs the planner's response?
10. When analyzing the Okada family's 'Risk Capacity,' which variable is the planner LEAST likely to consider?
11. When presenting the 'behavior gap' to the Okada family, the planner demonstrates that the 'investor return' wa
12. Which action should the planner take first?
13. What is the actual taxable portion of a $30,000 conversion?
14. What is the behavior gap and how should it be presented?
15. If the trust beneficiaries are granted the power to withdraw the greater of5,000 or 5% of the trust assets, wh
16. A business owner has 5 partners and wants to set up a cross-… — How many total policies are required for this
17. Following the 2026 Parameter Lock and the Mindset Hierarchy, what is the planner's first step?
18. The Kline Irrevocable Trust contains $200,000 in assets. To avoid a taxable lapse of a power of appointment fo
19. According to the Code and Standards, which duty is primarily violated?
20. What is the maximum total amount they can contribute across both children's accounts this year without using a
21. If the client converts $10,000 to a Roth IRA, what amount is taxable?
22. For the 2026 tax year, what is the maximum total elective deferral amount Mr. Takeda can contribute to the pla
23. The Nguyen family owns employer stock in a 401(k) plan and i… — Which statement regarding the tax consequences
24. Following Heuristic H3 (Exhaust the Free), which strategy is most efficient?
25. According to the Mindset hierarchy and Heuristic H6, what is the most appropriate recommendation?
26. How many total life insurance policies must be purchased to fully fund this agreement?
27. If the bond has 8 years to maturity, what is its Macaulay Duration?
28. What is the maximum percentage of her Social Security benefits that may be subject to federal income tax?