A thirty-year old newly minted MBA, Tawnya has accepted a position with a mid-sized company which she plans to stay with for roughly two years before transitioning to do her own business. She is unmarried and has no children. She has no risky hobbies. Her parents are recently retired and doing well on their own and she has no siblings. Tawnya has $40,000 in student loan debt and that is her only debt. She has $18,000 in an old IRA from her pre-grad school days, and will start at $150,000 base salary with expected bonuses of $15,000 and 5% increases in salary and bonus for each year she stays with the company.

The Certified Financial Planner (CFP) certification exam tests your ability to apply financial planning skills and techniques to real-life situations. Topics on the CFP test include: financial planning process and principles, tax planning, income and retirement planning, estate planning, risk management and insurance, investment planning, tax planning, retirement savings and income planning, estate planning and psychology of financial planning. The exam is 170 questions (multiple choice, short scenario and case study) and is three hours long.