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From “ The Shifting Giving Landscape ,” page 32
1 . What is not affecting the charitable giving landscape ? A . The after-effects of Covid-19 B . The great wealth transfer C . Tax law changes D . All these things are affecting the landscape .
2 . ___ can be eliminated when clients contribute long-term appreciated assets directly to charity . A . Income taxes B . Property taxes C . Capital gains taxes D . None of the above
From “ A Fund For Uncertain Times ,” page 43
3 . What is not one of the Permanent Portfolio ’ s six broad investment categories ? A . U . S . dollar assets
C . Crypto
B . Swiss francs
D . Aggressive growth equities
4 . Michael Cuggino says the Permanent Portfolio ’ s correlation to bonds is roughly _____. A . 25 % B . 50 % C . 75 % D . 100 %
From “ When Should Empty Nesters Downsize ?,” page 50
5 . What is a down side of selling your house for a smaller one in retirement ? A . Capital gains taxes on the old place B . Property taxes on the new place C . Unforeseen utility costs D . All of the above
6 . When will a move to a smaller house make sense in retirement ? A . When you have calculated the true cost of the new home B . When you move closer to children C . When you can take out a new loan D . None of the above
From “ Roth Conversion Mistakes ? Who Knew ?,” page 51
7 . When is the deadline for a 2024 Roth conversion ? A . As soon as possible C . April 15 , 2025 B . December 31 , 2024 D . January 30 , 2025
8 . Why might you roll a traditional IRA to your employer plan ? A . If you have not accounted for all your IRAs in a Roth conversion calculation B . If the employer plan meets your investment objectives C . If the fees are reasonable D . All of the above
From “ What ’ s A Deferred Sale Trust ?” page 53 9 . What is a primary benefit of using a deferred sale trust in estate planning ? A . It offers the immediate avoidance of estate taxes . B . It offers the deferral of capital gains taxes on the sale of appreciated assets . C . It offers a guaranteed exemption from IRS scrutiny . D . It offers complete liquidity for sellers .
10 . How does a charitable lead trust typically benefit the donor ’ s estate ? A . It eliminates the need for a trustee . B . It provides a charitable deduction that reduces the taxable estate . C . It offers full control over the assets even after the donor ’ s death . D . It ensures tax-free distributions to heirs .
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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 2024 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 2024 Financial Advisor ( Volume 25 , Number 10 )
DECEMBER 2024 | FINANCIAL ADVISOR MAGAZINE | 57