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From “ Flexible Gift Annuities For Baby Boomers ,” page 24
1 . The Society of Actuaries says a 65-year-old married couple today ____. A . Both have a 50 % chance of living to age 90 B . Enjoy a 25 % chance that one of them will live to age 90 C . Enjoy a 50 % chance that one of them will live to age 90 D . Will more than likely outlive their money
2 . A client using the flexible gift annuity receives an income tax deduction ___. A . At the time the annuity is established B . When they begin receiving income C . After 25 years D . After 30 years
From “ Muni Bonds Aren ’ t Just For Rich Folks ,” page 42 3 . Muni bonds fall into which two main categories ? A . Revenue bonds and general obligation bonds B . Fixed rate bonds and junk bonds C . Revenue bonds and zero coupon bonds D . None of the above
4 . General obligation bonds ____. A . Are secured by assets . B . Are paid for by toll roads . C . Typically offer higher coupons than revenue bonds . D . Are paid for with tax money .
From “ Why 2024 Tax Planning Is So Murky ,” page 45
5 . Children inheriting a Roth IRA can allow it to grow tax-free for ___, notes one advisor . A . Five years C . 20 years B . 10 years D . Their lifetimes
6 . What ’ s a way to take advantage of lower tax rates today ? A . Speeding up distributions from traditional retirement accounts B . Making quarterly tax payments C . Itemizing D . None of the above
From “ Rollovers And The Fiduciary Duty ,” page 50
7 . _____ is widely recognized as allowing advisors to receive payment otherwise disallowed for certain kinds of advice . A . Prohibited Transaction Exemption ( PTE ) 2020-02 B . ERISA C . Regulation Best Interest D . The Investment Advisers Act of 1940
8 . What is part of the five-part test under ERISA that somebody is acting as a fiduciary ? A . Their advice is given regularly , not as a onetime recommendation . B . They are recommending an asset rollover . C . They are charging a fee . D . None of the above .
From “ Helping Clients With ‘ The Great Wealth Transfer ,’” page 52
9 . What are some things advisors will have to ask baby boomers about leaving wealth ? A . Do they want to support their grandchildren ’ s education ? B . Do they want to support charitable organizations ? C . How will they both serve their aims after they ’ re gone but keep a lifestyle ? D . All of the above .
10 . How much in assets is supposedly going to be transferred by baby boomers to the next generation ? A . $ 90 million B . $ 100 million C . $ 1 trillion D . $ 90 trillion
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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 . November 2024 Financial Advisor ( Volume 25 , Number 9 )
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