From“ The Tax Advantages Of Hiring A Spouse,” page 7

1. Having a spouse on payroll can also double your ____. A. 401( k) contributions B. Taxes C. Insurance premiums D. None of the above

2. If you hire a spouse for tax benefits, make sure the spouse is _____. A. A co-owner of the business B. Doing actual work C. Not getting insurance benefits D. None of the above

From“ In Uncertain Markets, Focus On Client Values,” page 21

3. Millennials who engage in charitable activities started at an average age of __. A. 14 C. 18 B. 16 D. 20

4. Giving USA found in 2024 that individual giving is down, but foundation giving is up to __ of overall giving. A. 19 % C. 25 % B. 24 % D. 44 %

From“ Avoiding Missteps In Wealth Transfers,” page 23

5. Edward Jones says baby boomers plan to pass on some ___ of their assets while they’ re alive. A. 25 % B. 35 % C. 40 % D. 80 %

6. Edward Jones found ___ of Americans won’ t discuss wealth transfer plans with their families. A. 25 % B. 35 % C. 41 % D. 80 %

From“ 60 / 40 Portfolio True Believers,” page 51

7. The George Putnam Balanced Fund lost nearly ____ in 2022. A. 5 % B. 8 % C. 10 % D. 16 %

8. Why were 60 / 40 portfolios crushed in 2022? A. There was a mix of high inflation and rising interest rates B. Unemployment went up C. GDP decreased D. Inflation fell

From“ The Slow March Of Annuities Into 401( k) s,” page 56

9. Last year, barely ___ of employer retirement plans decided to add in-plan annuities to their 401( k) s? A. 20 % B. 30 % C. 40 % D. 50 %

10. ___ made it easier for employers to offer annuities in retirement plans. A. The SECURE Act B. ERISA C. The Pension Protection Act D. The Inflation Reduction Act

From“ The Tax Advantages Of Hiring A Spouse,” page 7

1. Hiring a spouse can allow you to _____ depending on the business structure. A. Deduct capital gains taxes B. Avoid labor laws C. Deduct medical insurance premiums D. None of the above

2. You can avoid ____ by employing your spouse if you’ re a sole proprietor. A. Federal unemployment tax B. Labor laws C. Benefits D. All of the above

From“ In Uncertain Markets, Focus On Client Values,” page 21

3. ____ of private foundations noted some AI use in their operations, said one association. A. 24 % C. 55 % B. 32 % D. 81 %

4. Why would you use more than one charitable vehicle? A. You can increase tax benefits. B. You can diversify within strategies. C. You have more autonomy and personalization. D. All of the above

From“ Avoiding Missteps In Wealth Transfers,” page 23

5. Unchecked spending and a lack of financial stewardship wasted the wealth of the ____. A. Vanderbilt family B. Rockefeller family C. Ingalls family D. None of the above

6. How can an advisor bridge generation gaps with wealth transfer? A. By facilitating regular family meetings B. By creating clear governance structures C. By explaining gift and trust structures D. All of the above

From“ 60 / 40 Portfolio True Believers,” page 51

7. _____ has boosted the George Putnam Balanced Fund’ s performance recently. A. A slight underweight to the Mag 7 B. A slight underweight to equities C. A slight overweight to equities D. A slight overweight to bonds

8. The George Putnam Balanced Fund has a max ____ weighting in non-U. S. stocks. A. 5 % C. 15 % B. 10 % D. 20 %

From“ The Slow March Of Annuities Into 401( k) s,” page 56

9. ___ created tax credits and other incentives for small employers to start offering 401( k) plans. A. The SECURE 2.0 Act B. ERISA C. The Inflation Reduction Act D. The Tax Cuts and Jobs Act of 2017

10. What has stalled the introduction of annuities into retirement plans? A. Covid-19

C. Recordkeeper hesitation

B. Technological hiccups

D. All of the above

60 | FINANCIAL ADVISOR MAGAZINE | APRIL 2025 WWW. FA-MAG. COM