FINP
WHAT ARE ALL THE DIFFERENT CORE FINANCIAL PLANNING CLASSES (TAMU)?
FINANCIAL PLANNING FOR PROFESSIONALS, TECHNOLOGY, investment planning, retirement planning, risk management and insurance, tax planning, estate planning, AND CAPSTONE
WHAT IS TAMU MASCOT'S NAME?
MISS REV, REVEILLE
TYPICALLY, HOW MUCH CAN YOU PUT INTO AN IRA BEFORE THE AGE OF 50?
$7,000 A YEAR
HOW MANY LETTERS ARE IN THE ALPHABET?
26 LETTERS
What does tvm stand for?
Time value of money
NAME 6 PROFESSORS/FACULTY IN THE FINP DEPARTMENT.
DR. HARNESS, JEANIE, PROF. KILMER, PROF. ROACH, PROF. FIELD, PROF. WHIDDON, PROF. LEPPER, PROF. JOHNSON, PROF. WEBB, PROF. HALLIWELL, A. GENE NELSON
WHAT IS THE FOOTBALL TEAM RECORD & WHO IS TAMU PLAYING NEXT?
10-0 , SAMFORD
WHAT ARE 3 FREE PLATFORMS YOU CAN USE FOR INVESTMENTS?
SCHWAB, FIDELITY, VANGUARD, WEBULL, ROBINHOOD
WHICH DIRECTION DOES THE SUN RISE AND SET?
RISES IN THE EAST, SETS IN THE WEST
A savings account earns 10 percent per year. If you deposit $200, about how much interest do you earn in one year?
What is $20?
This term describes spreading your money across different investments to reduce risk.
What is diversification?
NAME 3 TAMU TRADITIONS
WHAT ARE THE 2 TYPES OF IRAs, EXPLAIN EACH?
ROTH IRA: After-tax contributions, tax-free growth and withdrawals, no RMDs.
TRADITIONAL IRA: Tax-deferred contributions, taxable withdrawals, RMDs required.
WHAT US CURRENCY JUST RECENTLY STOPPED GETTING MINTED IN THE PAST WEEK?
THE PENNY
In TVM calculations, this variable is used to represent the total number of periods, like months or years, over which money is compounded or discounted.
N
How many hours of CFP experience do you need to earn your CFP, and what is one way to earn hours as an undergrad?
4,000 hours: Direct financial planning work.
6,000 hours: Broader apprenticeship under a CFP.
Undergrad way: Financial planning internship.
WHAT ARE THE TAMU CORE VALUES?
This term describes the rise and fall of investment value over time.
What is volatility?
WHAT % OF AMERICANS ARE MILLIONAIRES?
A: 4% , B: 18%, C:8%, D:12%
B: 18%
You put $50 into an account that earns 4 percent per year. Does your money grow faster with simple or compound interest?
What is compound interest?
What do RIA, CFP, and SIE stand for?
RIA: Registered Investment Advisor
CFP: Certified Financial Planner
SIE: Securities Industry Essentials exam
WHAT GENDER BABY ARE THE ROACH's HAVING??
GIRL!!!
This type of bond is backed by the U.S. government and is considered very safe.
What is a Treasury bond?
WHAT IS ONE OF THE FEW FOODS THAT NEVER SPOILS?
HONEY / PURE SALT
You deposit $800 in an account earning 5 percent annual interest, compounded annually.
How much total interest will you earn after 3 years?
Future Value:
800(1.05)^3=926.10
Total Interest:
926.10−800=126.10
Answer: You will earn about $126 in interest.