Review a compact Financial Planning II (FP II) cheat sheet for retirement, tax, insurance, family law, small business, estate, savings, debt, and integrated planning before Finance Prep practice.
Use this FP II cheat sheet as an advanced-planning checklist before mixed practice. The exam usually rewards the answer that integrates the client facts across retirement, tax, insurance, business, family-law, estate, and implementation tradeoffs.
| Item | FP II cue |
|---|---|
| Provider | CSI |
| Exam | Financial Planning II (FP II) |
| Format | 60 multiple-choice questions in 3 hours |
| Main practice behavior | integrated recommendation judgment across advanced household, business-owner, legal, tax, retirement, and estate situations |
| Finance Prep status | live practice available |
| Area | Weight | What to know | Common trap |
|---|---|---|---|
| Financial Planning Practice | 10% | scope, process discipline, recommendation quality, implementation, monitoring | treating an incomplete fact pattern as ready for implementation |
| Savings Planning and Debt Management | 10% | liquidity, debt cost, cash-flow resilience, savings priority, household tradeoffs | reducing interest cost while weakening flexibility |
| Investment and Tax Planning | 10% | after-tax returns, account structure, tax timing, portfolio fit, investment constraints | choosing tax efficiency before checking suitability |
| Retirement Planning | 20% | income design, pensions, withdrawals, sequencing, inflation, survivor needs | solving the savings side while missing retirement-income risk |
| Insurance Planning | 10% | risk exposure, coverage design, ownership, beneficiary, funding, policy fit | recommending coverage before identifying the insurable need |
| Financial Planning for Small Business | 15% | owner-manager compensation, succession, shareholder issues, business cash flow | treating business assets as freely available personal assets |
| Family Law | 15% | separation, support, property division, dependency, planning documents | ignoring legal constraints because the question sounds financial |
| Estate Planning | 10% | transfer, control, liquidity, beneficiaries, executor issues, tax and family effects | minimizing tax while creating weak control or liquidity outcomes |
After each FP II set, classify misses by the planning domain and the tradeoff you missed. If your answer was technically true but too narrow, drill integrated mixed sets. If misses cluster around family law, business-owner planning, retirement income, or estate liquidity, use the focused topic pages before another timed diagnostic.