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From “ Donor-Advised Funds And Tax-Wise Charitable Giving ,” pg . 24
1 . The federal standard deduction for those over 70 , married but filing jointly , is over _____ ( including the additional amount for seniors ). A . $ 20,000 C . $ 29,000 B . $ 27,000 D . $ 30,000
2 . How can child beneficiaries deal with the taxes on their IRA proceeds ? A . Establish their own donor-advised fund for the proceeds . B . Stretch out IRA proceeds over 20 years , which is still legal . C . Use the $ 30,000 standard deduction . D . None of the above From “ Ten Traits Common To Successful Future RIAs ,” pg . 38 3 . RIA pricing metrics , formerly 8 to 12 times cash flow , have recently been as much as ____ times . A . 5 to 6 C . 10 to 20 B . 10 to 15 D . 20 to 30
4 . Mark Hurley estimates that adding a 45-year-old client with $ 2 million in assets , saving $ 100,000 per year , will cost only ___ to acquire . A . $ 10,000 C . $ 30,000 B . $ 20,000 D . $ 100,000 From “ Is It Time For Dividend Stocks ?,” pg . 43 5 . After a “ challenging ” 2023 for dividend stocks , 2024 looks to be ____. A . Just as bad
C . A significant opportunity
B . Much worse D . Anyone ’ s guess
6 . International markets offer all of the following except which ? A . Higher dividends
C . Possible double taxation
B . Currency fluctuation risk D . More stability From “ The Changing Face Of ETFs ,” pg . 46 7 . How much had net inflows to ETFs fallen in the first three quarters of 2023 from last year ’ s period ? A . 11 % C . 17 % B . 13 % D . 19 %
8 . What ETF asset class attracted 40 % of inflows this year ? A . Stocks
C . Alternatives
B . Fixed income
D . All-in-one funds From “ Using Guardrails For The 4 % Rule ,” pg . 54 9 . Why does Michael Kitces say 4 % is the safe withdrawal rate for retirees ? A . It was tested against the worst 30-year markets in history . B . It uses forward projections as its data . C . It doesn ’ t require a portfolio to grow at all through retirement . D . It ’ s the highest tested percentage that will provide a legacy .
10 . What benefit do guardrails provide for retirees disciplined to use them properly ? A . They allow a higher starting safe withdrawal rate . B . They result in higher lifetime withdrawal rates . C . They leave assets at the end for bequests . D . All of the above
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Financial Advisor ( ISSN 1545-0163 , USPS 021-488 ) is published monthly by Charter Financial Publishing Network Inc ., 149 Avenue at the Common , Shrewsbury , NJ 07702 . Periodicals postage paid at Red Bank , NJ and additional mailing offices . Subscription Rates : $ 79 per year . Postmaster : Send all address changes to Charter Financial Publishing Network Inc ., P . O . Box 7550 , Shrewsbury , NJ 07702 . Copyright 2023 by Charter Financial Publishing Network Inc . Reproduction , photocopying or incorporation into any information-retrieval system for external or internal use is prohibited unless permission is obtained beforehand from the publisher in each case for a specific article . The subscription fee entitles the subscriber to one original copy only . Unauthorized copying is considered theft . December 2023 Financial Advisor ( Volume 24 , Number 10 )
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