Category: Financial Careers

Do financial advisors have to be licensed?

June 30, 2024 No Comments

A: Financial advisors must possess various securities licenses in order to sell investment products. The specific products an advisor sells, as well as the method by which he receives compensation, determine which licenses he is required to obtain. Common licenses held by financial advisors include

More »

Do real estate agents need a degree?

June 30, 2024 No Comments

A: Required education or training for real estate agents career Most often, an academic degree is not required to become a real estate agent but completing college does help potential career seekers in the field stay competitive and relevant. Instead of a degree, a license

More »

Are Cafeteria plans subject to FICA, ERISA or FUTA?

June 30, 2024 No Comments

A: Cafeteria plans are employer-sponsored benefit plans that provide both taxable and nontaxable, or qualified, benefit options for employees. Cafeteria plan benefits, therefore, may be subject to Federal Insurance Contributions Act (FICA) and Federal Unemployment Tax Act (FUTA) taxes. If a plan participant chooses the

More »