Becoming a Certified Retirement Financial Advisor

Darcy Bergen

Finance professional Darcy Bergen founded Arizona-based investment advisory firm Bergen Financial Group in 2003. A Certified Retirement Financial Advisor, Darcy Bergen has provided clients with tailor-made solutions to preserve their wealth throughout their lifetime.

Financial advisors who can demonstrate at least three years of experience in the field are eligible to apply for a professional designation as a Certified Retirement Financial Advisor (CRFA). This designation is accredited by the National Commission for Certifying Agencies (NCCA).

CRFAs are particularly knowledgeable about the financial and insurance products that clients rely on in retirement. Well-informed in different types of retirement plans and how to communicate effectively with seniors, CRFAs are also trained to address concerns often raised by retired clients, such as passing down wealth and minimizing capital gains taxes.

Financial advisors can obtain a CRFA credential after successful completion of a 24-credit course load and a final exam. CRFAs must enroll in 15 hours of ongoing education annually to keep the designation current.

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Requirements for Certified Retirement Financial Advisor Designation

Certified Retirement Financial Advisor pic
Certified Retirement Financial Advisor
Image: investopedia.com

With more than two decades of experience in financial services, Darcy Bergen works as the president of Bergen Financial Group in Peoria, Arizona. He founded the firm more than 10 years ago. Darcy Bergen is a Certified Retirement Financial Advisor (CRFA).

Issued by the Society of Certified Retirement Financial Advisors, the CRFA designation means that a financial professional has completed an education program dealing with financial issues related to retirement. CRFA applicants must learn about Social security, estate planning, tax issues for retirees, and general retirement principles.

To obtain the CRFA designation, applicants must adhere to these guidelines:

* Secure three years’ working experience in financial services or have specific job skills or classroom training in the financial industry.

* Obtain 24 credits specified in the CRFA candidate application.

* Complete the 100-question, four-hour final examination, which is closed book and proctored, and earn a score of at least 70 to pass.

To maintain certification, individuals must complete 15 continuing education credit hours every year.

Tips to Help Seniors Protect Their Finances

 

Darcy Bergen

Darcy Bergen is the founder and president of Bergen Financial Group in Peoria, Arizona. With Darcy Bergen at the helm, Bergen Financial Group puts clients first and assists them with financial planning for retirement.

The FDIC offers these tips to help seniors protect their finances:

* Develop a spending plan, including ways to limit expenses. Consider new ways to cut costs.

* Think about turning a hobby into a moneymaker. For example, those who craft could consider selling items at craft fairs.

* Organize and protect important documents. Papers such as Social Security records, insurance policies, and brokerage statements should be kept in a secure place at home. Papers that aren’t accessed often can be put into a safe deposit box.

* Consult a financial expert who can answer questions such as how much money is needed to live on and how much should be invested.

Positive Economic Trends as 2016 Draws to a Close

Darcy Bergen

A certified retirement financial advisor, Darcy Bergen provides clients with a host of tax management services designed to minimize liabilities and grow wealth. Maintaining a close watch on macro trends, Darcy Bergen offers regular market updates at www.bergenfinancialgroup.com.

A late November 2016 post focused on gains during an abbreviated Thanksgiving trading week when the Dow, S&P 500, and NASDAQ all achieved all-time highs. With this round of gains capping a year of sustained growth, cumulative gains reached 7 percent.

Another area of strength was the U.S. dollar, with positive news on the U.S. economic front bringing the currency ever closer to its European counterpart. If Deutsche Bank predictions hold, the dollar will reach parity with the Euro by mid 2017 and may even surpass the Euro’s value.

In the commodities sphere, oil continued to slide, with its price falling to $47.24, as uncertainty reigned on whether producing nations could coordinate efforts to curb production. That said, the price is substantially higher than the $30 per barrel 10-year low reached in early 2016. Some forecasters expect prices to stabilize as members of OPEC and other major oil exporters achieve harmony in policy going forward.