HS 326 Practice Questions - HS 326 Planning for Retirement Needs (ChFC) Exam - HS 326 Practice Questions - HS 326 Planning for Retirement Needs (ChFC) Exam

Question 1

In a retirement income needs analysis, a planner reduces the client's pre-retirement gross income to estimate retirement spending. What is the primary rationale for using a wage replacement ratio below 100%?

Inflation is expected to be zero during retirement Certain expenses such as payroll taxes, retirement-plan savings, and work-related costs typically cease or decline in retirement Social Security replaces 100% of pre-retirement income for most workers Required minimum distributions automatically cover all retirement spending

Correct Answer:

Certain expenses such as payroll taxes, retirement-plan savings, and work-related costs typically cease or decline in retirement

Question 2

A defined benefit plan promises a fixed monthly benefit at retirement. Which party bears the primary investment risk in a traditional defined benefit pension plan?

The plan participant The plan participant's beneficiary The IRS The employer (plan sponsor)

Correct Answer:

The employer (plan sponsor)

Question 3

For 2026, what is the elective deferral limit under IRC Section 402(g) for employee salary deferrals into a 401(k) plan (excluding catch-up contributions)?

$$23,000 $$23,500 $$72,000 $$24,500

Correct Answer:

$$24,500

Question 4

A 55-year-old participant wants to maximize 2026 elective deferrals to her employer's 401(k) plan. Including the standard age-50 catch-up, what is her maximum elective deferral for 2026?

$$24,500 $$32,500 $$30,000 $$35,750

Correct Answer:

$$32,500

Question 5

Under SECURE 2.0, beginning in 2026, which participants must make their age-50 catch-up contributions on a Roth (after-tax) basis?

Participants whose prior-year FICA wages from that employer exceeded $145,000 (indexed; $150,000 for 2025 wages) All participants regardless of income Only participants under age 60 Only participants in governmental 457(b) plans

Correct Answer:

Participants whose prior-year FICA wages from that employer exceeded $145,000 (indexed; $150,000 for 2025 wages)

Question 1

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About this Exam

Prepare with the HS 326 Practice Questions - HS 326 Planning for Retirement Needs (ChFC) Exam practice quiz. This question bank includes 100 questions covering plan, employer, retirement, employee, and benefit. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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HS 326 Practice Questions - HS 326 Planning for Retirement Needs (ChFC) Exam

This practice set contains 100 questions from the matching question bank and focuses on plan, employer, retirement, employee, and benefit. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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HS 326 Practice Questions - HS 326 Planning for Retirement Needs (ChFC) Exam

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