The Retirement Corporation of America

Frequently Asked Questions:

Q: What do the credentials "CFP" mean?

A: CFP stands for "Certified Financial Planner."

The CFP and Certified Financial Planner titles identify individuals who have met the education, examination, experience and ethics standards established by the Certified Financial Planner Board of Standards (CFP Board).

The CFP Board authorizes qualified individuals to use these titles; and only "Certified Financial Planners" are authorized to use these titles.

The certification marks also signal that a financial planner has voluntarily submitted to the regulatory authority of the CFP Board. The growing numbers of people seeking financial advice have a right to demand qualified professionals and a high standard of ethical conduct. Individuals certified by the CFP Board meet both criteria.

CFP practitioners have also taken the extra step to demonstrate their professionalism by voluntarily submitting to the rigorous CFP certification process. This includes passing a comprehensive exam that tests their personal financial planning knowledge and skills, continually update their abilities and abide by the CFP Board's Code of Ethics and Professional Responsibility (Code of Ethics) and Financial Planning Practice Standards (Practice Standards).

When you work with a CFP practitioner, you are the focus of the financial planning relationship and your needs drive the financial planner's recommendations.

How can I measure portfolio performance?

What is Comfort Stock?

What is Asset Allocation?

What is an "industry benchmark"?

What do the credentials "CFP" mean?

What is the difference between a value stock and a growth stock?

Can I protect a large concentrated position in one stock against severe drops in price?

How do I know if I have enough money to retire?

Whom can I talk to about my tax situation for the year that I retire?