A deferred compensation plan whose contributions are tax-deductible, and contribution limits are the same as those for 401ks and 403bs. This can be beneficial to an employee who wants to save more than just maximum ($19,500 in 2020) in their 401(k)/403(b) or those whose contributions are limited because they earn too much, as they provide another avenue to save an additional dollars tax deferred.
CFP® certification is a voluntary certification granted in the United States by Certified Financial Planner Board of Standards, Inc. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Individuals who become certified are required to complete continuing education.