Planning for retirement can often feel like a daunting task, but having the right guidance can make all the difference. This is where a Chartered Retirement Planning Counselor (CRPC) comes into play. A CRPC is a financial professional who specializes in helping individuals prepare for retirement. They are equipped with the expertise to assist clients in developing a comprehensive retirement strategy that aligns with their financial goals and lifestyle aspirations. The CRPC designation is awarded by the College for Financial Planning, and it signifies that the holder has completed a rigorous educational program focused on retirement planning.
To find a financial advisor who serves your area, try using SmartAsset’s free advisor matching tool.
What Do Chartered Retirement Planning Counselors (CRPCs) Do?
Chartered retirement planning counselor (CRPC) is a professional financial certification that the College for Financial Planning (CFFP) offers. To qualify for the certification, financial professionals must fulfill a series of requirements and pass a qualification exam.
According to the CFFP website, “Individuals who hold the CRPC designation have completed a course of study encompassing pre-and post-retirement needs, asset management, estate planning and the entire retirement planning process using models and techniques from real client situations.”
An advisor with a CRPC certification essentially has a credible cosigner assuring you that they are an expert in all things retirement. A CRPC has a proven acumen in many areas within retirement planning, including navigating Social Security, investing for retirement, handling taxes, retirement accounts, estate planning and even the emotional aspects of transitioning to post-career life.
How To Earn the CRPC Designation

To earn the CRPC designation, you must complete the requisite course materials through the College for Financial Planning. Topics of the course include:
- Maximizing client experience during the retirement planning process
- Principles and strategies when investing for retirement
- Making the most of Social Security retirement benefits
- Bridging the income gap and identifying other sources of retirement income
- Navigating healthcare options during retirement
- Making the emotional and financial transition to retirement
- Designing optimal retirement income streams
- Achieving tax and estate planning objectives in retirement
- Fiduciary, ethical and regulatory issues for advisors
After candidates master the course materials, they must pass a proctored exam by answering at least 70% of the questions correctly. Following a passing grade, they can officially apply for authorization to use the designation. This involves committing to the Standards of Professional Conduct, adhering to the CFFP’s terms and conditions and disclosing any criminal, civil or other investigations into your professional conduct.
After you earn the right to use the CRPC designation, you must renew the certification once every two years. You can do this by logging 16 hours of continuing education and reaffirming your compliance through the actions above.
CRPC vs. Certified Financial Planner (CFP)
While CRPC and Certified Financial Planner™ (CFP®) are both professional certifications for financial professionals, they have their share of differences, as well. The most prominent among these is that they each convey expertise in distinct fields of financial planning. While financial planning encompasses retirement planning, it includes many topics that go beyond retirement.
Financial planning is much more wide-ranging and can include topics such as tax planning, analyzing cash flows, budgeting and more. Retirement planning, by contrast, is laser-focused on navigating the preparation for and transition into retirement.
Further, the two certifications come from separate institutions. The CFP® is managed and awarded by the Certified Financial Planner™ Board of Standards, while the College for Financial Planning controls the CRPC title. The two designations also have slightly different requirements. Both require applicants to pass an exam.
However, you must have a bachelor’s degree and some college-level study in financial planning to become a CFP®. CFPs® must also have 6,000 hours of experience working in the financial planning industry, or 4,000 hours through an apprenticeship program.
CRPC vs. Other Designations
There are other designations that might be helpful as well. Here is how the CRPC compares to other financial designations, helping you make informed decisions about your financial future.
CRPC vs. ChFC (Chartered Financial Consultant)
- The CRPC designation is specifically tailored to retirement planning, offering in-depth knowledge on retirement income, estate planning, and asset management.
- In contrast, the ChFC covers a broader range of financial planning topics, including insurance, tax strategies, and investment planning, making it suitable for those seeking comprehensive financial advice.
CRPC vs. CFA (Chartered Financial Analyst)
- A CRPC focuses on practical retirement strategies, helping clients navigate the complexities of retirement savings and income distribution.
- The CFA designation is more investment-centric, emphasizing portfolio management, financial analysis and investment strategies, which is ideal for those interested in investment banking or asset management.
CRPC vs. CPA (Certified Public Accountant)
- CRPC professionals are experts in retirement planning, guiding clients through retirement savings options and income strategies.
- CPAs specialize in accounting and tax preparation, providing expertise in financial reporting, auditing, and tax compliance, which is essential for businesses and individuals with complex tax needs.
While the CRPC designation is highly specialized in retirement planning, other financial designations offer broader or different areas of expertise. Understanding these distinctions can help you choose the right professional to meet your specific financial goals and needs.
Bottom Line

Understanding what a Chartered Retirement Planning Counselor (CRPC) is can significantly enhance your financial planning strategy, especially as you approach retirement. A CRPC is a professional designation awarded to financial advisors who have completed a specialized program focused on retirement planning. This credential signifies that the advisor has a deep understanding of retirement income sources, asset management, and estate planning, making them well-equipped to guide clients through the complexities of retirement preparation.
Tips for a Successful Retirement
- Planning for retirement is a complicated venture and a financial advisor can be a big help. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- If you have a 401(k), contribute as much as you can. At the very least you should max out any employer match. Here’s a guide to how much you should contribute to your 401(k). And you can use our retirement calculator to see whether you’re on pace for a secure retirement.
Next Steps
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