Use this quick start guide to collect all the information about ABA IRA Services Professional (CISP) Certification exam. This study guide provides a list of objectives and resources that will help you prepare for items on the CISP ABA IRA Services Professional exam. The Sample Questions will help you identify the type and difficulty level of the questions and the Practice Exams will make you familiar with the format and environment of an exam. You should refer this guide carefully before attempting your actual ABA IRA Services Professional certification exam.
The ABA IRA Services Professional certification is mainly targeted to those candidates who want to build their career in Professional Level domain. The ABA Certified IRA Services Professional (CISP) exam verifies that the candidate possesses the fundamental knowledge and proven skills in the area of ABA IRA Services Professional.
ABA IRA Services Professional Exam Summary:
| Exam Name | ABA Certified IRA Services Professional (CISP) |
| Exam Code | CISP |
| Exam Price | $575 (USD) |
| Duration | 180 mins |
| Number of Questions | 150 |
| Passing Score | Pass/Fail |
| Schedule Exam | EXAM APPLICATION |
| Sample Questions | ABA IRA Services Professional Sample Questions |
| Practice Exam | ABA CISP Certification Practice Exam |
ABA CISP Exam Syllabus Topics:
| Topic | Details | Weights |
|---|---|---|
| IRA Documentation and Maintenance Requirements |
- Plan establishment and maintenance - IRA disclosure statements, notices, and delivery methods - Beneficiary designation - Reporting and associated penalties |
13% |
| IRA Contributions |
- Contribution eligibility, limits, and deadlines - Deductibility and other tax issues - Excess contributions rules and penalties |
16% |
| Retirement Plan Portability |
- Transfers - Rollovers - Conversions - Recharacterizations - Other transactions (e.g., repayments, recontributions) |
20% |
| IRA Distributions |
- Taxation and withholding rules - Required Minimum Distributions (RMD) - Beneficiary distribution rules - Penalties and penalty exceptions |
20% |
| Retirement Planning Considerations |
- Beneficiary selection - Trusts as beneficiaries - Estate and income taxation |
11% |
| IRA Fees and Investments |
- Prohibited transactions, prohibited investments, and prohibited transaction exemptions - Fees and disclosure rules - Nontraditional investment issues - Account valuation requirements |
10% |
| Employer Plans - SEP and SIMPLE |
- Eligibility - Employer tax benefits - Plan establishment and maintenance - Contributions - Portability - Distributions |
10% |
To ensure success in ABA IRA Services Professional certification exam, we recommend authorized training course, practice test and hands-on experience to prepare for ABA IRA Services Professional (CISP) exam.