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From“ Tax-Loss Harvesting: What Advisors Miss,” page 14
1. What’ s wrong with the idea of a tax-loss harvesting“ button”? A. It might miss wash-sale rules. B. It might not understand a household’ s whole equity exposure. C. It might not understand reinvestment timelines. D. All of the above
2. When seeking replacement securities after harvesting losses, what should you keep in mind? A. Replacement securities must maintain the intent of the original strategy. B. The whole portfolio must be visible. C. It might be a basket of securities. D. All of the above
From“ The Mental Blocks To Giving,” page 21
3. What if clients are worried about getting too many charity requests? A. Have them draft mission statements so nonprofits know their boundaries. B. Suggest they give anonymously. C. Have them start small with giving. D. All of the above
4. How do you allay clients’ fears that their giving will attract negative attention? A. Suggest that they give anonymously. B. Have them share the success stories of their giving. C. Use their giving to further educational opportunities. D. All of the above
From“ A Healthy Slice Of Income,” page 42 5. The JPMorgan Income ETF’ s recent 30-day SEC yield was about ____.
A. 4.48 % B. 5.40 % C. 5.8 % D. 6 %
6. The JPMorgan Income ETF’ s managers stress that the fund’ s primary goal is ____. A. Producing risk-adjusted income B. Capital appreciation C. Hewing close to the Bloomberg U. S. Aggregate Index D. None of the above
From“ RILAs Continue Their Wild Ride,” page 47
7. Registered index-linked annuities saw first half 2025 sales surge __ year-over-year to ___. A. 5 %, $ 10 billion
B. 10 %, $ 15 billion
C. 15 %, $ 20 billion
D. 20 %, $ 37 billion 8. What could cause registered index-linked annuities sales to slump?
A. A bear market
B. A rise in interest rates C. Market oversaturation D. All of the above
From“ Lessons From Icons Of Estate Planning,” page 54
9. GRAT assets must outperform the ___ rate for excess appreciation to pass tax-free to heirs. A. IRS Section 7520 B. IRS Section 1031 C. IRS Section 1043
D. None of the above 10. What was Jacqueline Kennedy Onassis’ s estate planning innovation? A. Establishing irrevocable trusts to remove assets from an estate B. Transferring business ownership interests and taking advantage of valuation discounts C. Gifting assets before exclusions decrease D. Using a zeroed-out testamentary CLAT that blends tax efficiency with philanthropic intent
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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 2025 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. September 2025 Financial Advisor( Volume 26, Number 7)
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