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From “ Retirees ’ Healthcare Costs Increased 8 % In 2023 ,” pg . 11
1 . When is the $ 2,000 cap on prescription drugs going into effect ? A . Sometime in 2024 C . Sometime in 2026 B . Sometime in 2025
D . It ’ s already in effect
2 . How does the Employee Benefit Research Institute study in this story factor in long-term-care costs ? A . It takes the average state by state . B . It assumes national averages for one spouse in a married couple . C . It assumes national averages for both spouses in a married couple . D . It doesn ’ t .
From “ Unlocking A $ 30 Trillion Opportunity ,” pg . 21
3 . According to Fidelity Charitable , what percentage of women wish they were doing more to make a difference ? A . 63 % C . 86 % B . 91 % D . 79 %
4 . In the last five years , the number of women grantors has increased by how much ? A . 26 % B . 32 % C . 76 % D . 36 %
From “ Don ’ t Count On A Soft Landing For The Global Economy ,” pg . 43
5 . Why were World Economic Forum policymakers optimistic in January ? A . They liked the U . S . economy ’ s better-than-expected performance . B . They believe AI will catalyze markets . C . A mild slowdown would be a healthy correction to demand . D . All of the above
6 . The Chinese government said its economy grew by _____ in 2023 , but Kenneth Rogoff doubts this figure . A . 4.2 % B . 5.2 % C . 6.5 % D . 8 %
From “ Helping Clients Navigate Income Tax Bracket Changes ,” pg . 48 7 . The amount in money or assets the IRS lets you give away over your lifetime without having to pay the federal gift tax rises to ___ per individual in 2024 . A . $ 10.62 million
C . $ 13.61 million
B . $ 12.92 million
D . $ 15.63 million
8 . Without action by Congress , the estate tax exemption under the 2017 Tax Cuts and Jobs Act sunsets at the end of ____. A . 2025 B . 2026 C . 2028 D . 2030
From “ Why Annuity Sales Are Booming ,” pg . 51
9 . According to Limra , total U . S . annuity sales last year did what ? A . Declined by the greatest margin on record B . Broke the record for the second year running C . Broke the record for the third year running D . Stayed flat
10 . What was the SECURE Act ’ s potential effect on annuity sales ? A . It allowed administrators of 401 ( k ) plans to offer annuities as an option . B . It allowed fee-only advisors to offer zero-commission annuity contracts . C . It made it easier for commissioned agents to sell annuities . D . It helped popularize commissioned annuities over no-commission annuities .
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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 . March 2024 Financial Advisor ( Volume 25 , Number 2 )
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