Certified Financial Planner (CFP) Exam 2026 – 400 Free Practice Questions to Pass the Exam

The most effective way for a CFP® professional to assist Tom in establishing a Roth IRA for his daughter is by facilitating a joint meeting between Tom and Susie. This collaborative approach allows for a comprehensive discussion about the benefits of a Roth IRA, investment options, and the importance of financial literacy from a young age. Engaging both Tom and Susie ensures that she understands the purpose of the account, the importance of saving for the future, and the specifics of how a Roth IRA operates, including contributions, tax benefits, and withdrawal rules.

This method also encourages family involvement in financial planning, fostering a sense of responsibility and ownership regarding investments. It can be particularly beneficial as it allows Susie to ask questions and express any preferences or concerns she may have about her future savings. Overall, involving Susie directly in the planning process enriches her understanding and appreciation of personal finance.