From“ Better Together,” pg. 22

1. The maximum allowable charitable deduction is __ of adjusted gross income. A. 10 % C. 30 % B. 20 % D. 50 %

2. Why are donor-advised funds and foundations good when used in tandem? A. A two-pronged approach means some giving will be simpler. B. The approach allows givers to choose how anonymous they’ d like to be. C. It allows younger generations to decide how involved they want to be in giving. D. All of the above.

From“ Cashing In On The Gold Rush,” pg. 41

3. Gold prices are influenced by what? A. Inflation B. U. S. dollar fluctuations C. Geopolitical turmoil D. All of the above

4. Gold spot prices zoomed roughly ____ from early October 2023 through early May 2025. A. 10 % B. 25 % C. 55 % D. 85 %

From“ RMD Strategies For A Down Market,” pg. 44

5. ____ let clients fulfill RMD obligations by transferring investments directly from retirement accounts to taxable brokerage accounts. A. Transfers-in-kind

C. CDs

B. Roth IRAs

D. None of the above

6. Why is it bad to take required minimum distributions in a bear market? A. You might have to sell positions and lock in losses. B. You will likely be cash strapped. C. You have to take from all your tax-advantaged accounts at once. D. None of the above

From“ Understanding Long-Term-Care Risks,” pg. 47

7. ____ tend to overestimate their risks of needing long-term care. A. Lower-income individuals B. Higher-income individuals C. Younger people D. Unmarried women

8. Which of the following was the only group that overestimated their probability of being in a nursing home? A. Unmarried men

C. Unmarried women

B. Married men

D. Married women

From“ Alzheimer’ s: The Nightmare Advisors Can’ t Avoid,” pg. 49

9. You can deduct medical expenses exceeding ____ of your AGI. A. 4.5 % C. 7.5 % B. 5.5 % D. 8.5 %

10. ____ of Alzheimer’ s patient caregivers are women, according to the Alzheimer’ s Association. A. 10 % C. 60 % B. 25 % D. 80 %

From“ Better Together,” pg. 22

1. Once the initial contribution is made, the assets in a( n) ___ belong to the sponsoring organization. A. Donor-advised fund

C. IRA

B. Foundation

D. None of the above

2. Many ___ have policies that limit the number of successor generations. A. Donor-advised fund sponsors B. Private foundations C. Endowments D. None of the above

From“ Cashing In On The Gold Rush,” pg. 41

3. Gold’ s price had risen by ___ to over ___ an ounce by mid-May 2025. A. 20 %, $ 2,300 B. 30 %, $ 3,300 C. 10 %, $ 3,000 D. 40 %, $ 6,000

4. The Allspring Precious Metals Fund contains ___ holdings. A. 12 B. 32 C. 43 D. 56

From“ RMD Strategies For A Down Market,” pg. 44

5. What can help you avoid taking losses in a retirement account? A. A liquidity sleeve B. High-yield savings accounts C. Certificates of deposit D. All of the above

6. The start age for taking the first required minimum distribution increases to ___ in 2033. A. 71.5 years

C. 75 years

B. 73 years

D. None of the above From“ Understanding Long-Term-Care Risks,” pg. 47 7. According to a Center for Retirement Research study, what if you overestimate your risks of needing long-term care? A. You may limit your quality of life by saving excessively. B. You’ ll need to deplete assets to qualify for Medicaid. C. You can’ t overestimate your risk. D. None of the above

8. How do good investment plans fall through? A. A family breadwinner could die. B. There isn’ t enough life insurance for family. C. An accident could happen and there’ s not enough liability insurance. D. All of the above

From“ Alzheimer’ s: The Nightmare Advisors Can’ t Avoid,” pg. 49

9. The Alzheimer’ s Association says that by 2060, ____ will be living with Alzheimer’ s. A. 6.07 million

C. 10.5 million

B. 8.18 million

D. 13.85 million

10. Why should portfolio management change for those with Alzheimer’ s diagnoses? A. Their tax deductions will change over the long term. B. They will need to be more aggressively invested in stocks. C. They’ ll need to keep more in retirement plans. D. None of the above

56 | FINANCIAL ADVISOR MAGAZINE | JUNE 2025 WWW. FA-MAG. COM