Back to School with the BIF Crew

Think through CFP^® exam questions alongside Jerry, Tiffany, and Kaylee as they unpack real-world scenarios across financial planning, insurance, investments, and taxation. In this episode, the team explains the reasoning behind each answer, highlights common mistakes, and shares practical strategies to help you approach challenging exam questions with confidence. From financial priorities and disability insurance to wash sale rules, portfolio risk, and gift tax basis, you'll gain a stronger understanding of key concepts that frequently appear on the CFP^® exam.

What do fireworks, backyard parties, and financial planning have in common? More than you might think. In this festive Fourth of July episode, Jerry Mee, CFP^®,, Tiffany Guy, CFP^®, and Kaylee Benting explore how different types of insurance, including homeowners, auto, umbrella, and pet insurance, can protect you when unexpected accidents happen. Along the way, they share memorable real-life stories, explain key CFP^® exam concepts, and discuss practical strategies for managing risk before disaster strikes. Whether you're studying for the CFP^® exam or simply want to better understand your coverage, this episode delivers timely insights with plenty of laughs.

The CFP^® Exam does test your knowledge of financial formulas and calculations, so you’ll need to know things like how to determine the internal rate of return (IRR), unequal periodic cash flows, and amortization schedules. But while you need to understand the formulas and how to calculate them, you can use a financial calculator to do the heavy lifting. CFP Board is tough, but they aren’t monsters.

In this episode of BIF Bites, The BIF Crew explores effective ways to memorize information for the CFP^® Exam. You'll get mnemonic devices, acronyms, and practical tips to help jar your memory.