Korea Associate Financial Planner study plan

Map the Investment Planning domain into its sub-areas (asset classes, portfolio theory basics, risk-return measures, product structures, and suitability rules) and rate each sub-area by confidence on a 1-5 scale.

Define and compute expected return, variance, covariance, standard deviation, Sharpe-style risk-adjusted return, and correlation from small datasets, working each calculation by hand once.

Explain the risk-return and liquidity characteristics of deposits, bonds, domestic and foreign equities, funds, ETFs, and insurance-linked savings products in writing, without notes.

Draft a one-page decision checklist for matching a client risk profile to an asset allocation, including capacity versus attitude for risk.

Solve at least 40 mixed Investment Planning practice items under a 90-second-per-item timer and log every miss by cause (concept gap, calculation slip, misread).

Build a 10-row table comparing fund fee structures, ETF versus active fund mechanics, and tax treatment of domestic versus foreign investment gains.

Re-derive portfolio return and risk for a two-asset and a three-asset mix, then state how adding a low-correlation asset changes the result.

Write a 15-line client-facing explanation of why diversification does not eliminate all risk, using plain language.

Outline the Insurance Planning domain by product line (life, health, annuity, disability/income protection, indemnity) and identify the core contract terms and exclusions tested for each.

Compute net and gross need for life insurance using both the needs (capital retention) and human life value approaches, and explain when each is more defensible.

Compare term, whole life, and variable/universal structures on premium pattern, cash value, surrender behavior, and policyholder risk.

Explain the roles of the policyholder, insured, and beneficiary, and describe what happens to proceeds when each designation is ambiguous.

Compute required retirement capital using a replacement-ratio approach, then test sensitivity to inflation, pre- and post-retirement return, and retirement horizon.

Compare accumulation vehicles (public pension, retirement pension/IRP, personal pension, housing pension) on contribution limits, tax treatment, payout rules, and portability.

Solve 20 mixed retirement and insurance items and re-tag misses into the week-2 error taxonomy.

Explain annuity payout options (life-only, joint, period-certain, refund) and match each to a stated client concern.

Classify income by source (earned, business, rental, pension, financial, capital gains) and state the tax base and rate structure applied to each.

Compute taxable income and tax liability through the deduction and credit sequence, distinguishing deductions from credits and identifying which phase each item belongs to.

Explain timing rules for year-end settlement, interim prepayment, and filing deadlines, plus the penalties attached to late filing or underpayment.

Work through the tax treatment of financial products (interest, dividends, fund and equity gains, insurance payouts) and flag where deferral or exemption applies.

Compute the statutory forced share (legal reserve) for a given family structure and identify which heirs and which asset types are counted.

Compare intestate succession outcomes with a written will for two family scenarios, and list the formal requirements for a valid will and for later amendment or revocation.

Explain lifetime gift versus inheritance transfer, including the deduction and credit sequence and the reporting obligation that follows each.

Describe at least four tools for estate liquidity and succession (life insurance, trust, business succession, advance directives) and state one limitation of each.

Re-solve 15 mixed tax and estate items and update the error log.

Write the six-step financial planning process from memory and attach a concrete artifact to each step (data gathering form, risk profile, plan document, monitoring schedule).

State the core ethical duties (client interest first, suitability, disclosure of conflicts, confidentiality, competence) and resolve three short conflict-of-interest vignettes against them.

Build a personal cash flow statement and debt schedule for a hypothetical client, then compute emergency fund target, savings rate, and debt-to-income ratio.

Draft a debt reduction recommendation that prioritizes high-cost revolving debt versus low-cost secured debt, with the trade-off stated explicitly.

Practice a 10-minute client conversation roleplay covering data gathering, expectation setting, and explaining a fee.

Take two full-length timed mock exams and record per-domain accuracy against the 18/15/12 percent weightings to confirm effort is matched to scoring weight.

Re-work every item missed in weeks 2 through 7 and confirm at least 80 percent are now solved correctly on a second attempt without notes.

Recite from memory the ten formulas and rules most often missed, and write each one with a one-line usage condition.

Rehearse the exam-day sequence: section timing budget, skip-and-return rule, and calculation double-check habit.