Shuri is independently wealthy due to the patent portfolio she created combined with her inherited family wealth. She was a good saver during her working years and her 401(k) that she rolled over into an IRA has a balance of $2,000,000. Assuming Shuri is 74 years old, what are the tax implications for her retirement?

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.