FA Magazine September 2024 | Page 58

CE EXAMS SEPTEMBER 2024

From “ Backdoor Twists And Mega Turns ,” page 24 1 . In 2024 , taxpayers may roll over up to ____ from overfunded 529 plan accounts into Roth IRAs . A . $ 10,000 C . $ 20,000 B . $ 15,000 D . $ 35,000
2 . Which law made Roth conversions accessible to all taxpayers , even the wealthy ? A . The Tax Increase Prevention and Reconciliation Act of 2005 B . The Tax Cuts and Jobs Act C . The SECURE Act D . The SECURE 2.0 Act
From “ Safeguarding Business Assets During Divorce ,” page 29
3 . How can a couple ’ s divorce disrupt a business they own ? A . If there are fights over the children B . If there is bad publicity C . If employees and customers get subpoenaed and deposed D . If lawyer ’ s fees eat into profit
4 . How did the divorcing couple in the story hurt their business ? A . They lost key employees . B . Their sales plunged . C . They lost out on a generous purchase of the business from outsiders . D . All of the above
From “ A Flexible Way To Reduce Equity Volatility ,” page 46 5 . The Calamos Growth and Income Fund investor share class has had a
___ beta to the S & P 500 since its inception in 1997 . A . 0.34 C . 0.78 B . 0.69
D . None of the above
6 . The Calamos Growth and Income Fund has sported a standard deviation of ____ versus ____ for the S & P 500 since inception . A . 17.82 , 23.46 B . 23.46 , 17.82 C . 17.82 , 20.83 D . 20.83 , 25.86
From “ Retirees Rally Around RILAs ,” page 49
7 . Last year , registered index-linked annuities saw sales of over ____ , an increase of ___ from the prior year . A . $ 23 million , 18 % B . $ 23 billion , 15 % C . $ 47 billion , 15 % D . $ 50 billion , 18 %
8 . While RILAs are registered securities products with fluctuating returns , fixed-index annuities are ____. A . Linked to bonds B . Fixed insurance products C . Linked to index performance D . None of the above
From “ Who ’ ll Manage Your Clients ’ Wealth When It Passes To Their Heirs ?,” page 54 9 . What is the most common concern named by the “ juggle generation ” ( those ages 45 to 54 )? A . Having enough money to retire comfortably B . Healthcare C . Ensuring children make good financial decisions D . None of the above
10 . What age group most wants to meet with their advisor five or more times a year ? A . Those under 35 C . Those 45 to 54 B . Those 35 to 44 D . Those 55 to 64
From “ Backdoor Twists And Mega Turns ,” page 24
1 . Which law said that an IRA converted into a Roth cannot be undone ? A . The Tax Cuts and Jobs Act of 2017 B . The SECURE Act C . SECURE 2.0 D . The Tax Increase Prevention and Reconciliation Act of 2005
2 . Which law now requires most non-spousal inherited IRAs to distribute the entire account within 10 years ? A . The Tax Cuts and Jobs Act of 2017 B . The SECURE Act C . SECURE 2.0 D . The Tax Increase Prevention and Reconciliation Act of 2005
From “ Safeguarding Business Assets During Divorce ,” page 29
3 . How can a couple ’ s divorce disrupt a business they own ? A . If there are fights over the children B . If there is bad publicity C . If employees and customers get subpoenaed and deposed D . If lawyer ’ s fees eat into profit
4 . How did the divorcing couple in the story hurt their business ? A . They lost key employees . B . Their sales plunged . C . They lost out on a generous purchase of the business from outsiders . D . All of the above
From “ A Flexible Way To Reduce Equity Volatility ,” page 46
5 . The Calamos Growth and Income Fund investor share class has had a ___ beta to the S & P 500 since its inception in 1997 . A . 0.34 C . 0.78 B . 0.69
D . None of the above
6 . The Calamos Growth and Income Fund has sported a standard deviation of ____ versus ____ for the S & P 500 since inception . A . 17.82 , 23.46 B . 23.46 , 17.82 C . 17.82 , 20.83 D . 20.83 , 25.86
From “ Retirees Rally Around RILAs ,” page 49
7 . Last year , registered index-linked annuities saw sales of over ____, an increase of ___ from the prior year . A . $ 23 million , 18 % C . $ 47 billion , 15 % B . $ 23 billion , 15 % D . $ 50 billion , 18 %
8 . While RILAs are registered securities products with fluctuating returns , fixed-index annuities are ____. A . Linked to bonds
C . Linked to index performance B . Fixed insurance products D . None of the above
From “ Who ’ ll Manage Your Clients ’ Wealth When It Passes To Their Heirs ?,” page 54 9 . What is the most common concern named by the “ juggle generation ” ( those ages 45 to 54 )? A . Having enough money to retire comfortably B . Healthcare C . Ensuring children make good financial decisions D . None of the above
10 . What age group most wants to meet with their advisor five or more times a year ? A . Those under 35 B . Those 35 to 44 C . Those 45 to 54 D . Those 55 to 64
56 | FINANCIAL ADVISOR MAGAZINE | SEPTEMBER 2024 WWW . FA-MAG . COM