CE QUIZ

JAN­UARY 2018

Financial Planning - - CE QUIZ -

VISIT FPCEQUIZ.COM TO TAKE FI­NAN­CIAL PLAN­NING’S CE QUIZ.

FROM: GO­ING THROUGH THE ROOF

1. What is the ap­prox­i­mate na­tional an­nual me­dian cost for homemaker ser­vices (cook­ing, clean­ing, run­ning er­rands, etc.) ac­cord­ing to a 2017 Gen­worth sur­vey?

1. $25,000

2. $48,000

3. $35,000

4. $55,000

2. What is the an­nual gift tax ex­clu­sion for 2018? 1. $14,000

2. $15,000

3. $14,500

4. $16,000

FROM: WHY NO PARTY FOR THE ROTH?

3. At the end of 2016, in­vest­ments held in Roth IRAS to­taled ap­prox­i­mately this per­cent­age of the $7.9 tril­lion held in IRAS over­all?

1. 10%

2. 15%

3. 8%

4. 25%

4. Dur­ing the nine years from 2007 through 2015, what per­cent­age of Roth in­vestors made rollovers into their Roths?

1. 8.5%

2. 7.7%

3. 10.2%

4. 6.9%

FROM: NEW LOOK FOR A CLAS­SIC PORT­FO­LIO 5. Of U.S. bonds, U.S. TIPS, non-u.s. bonds and com­modi­ties, which has the low­est cor­re­la­tion to large-cap U.S. stocks from 2002 to 2016?

1. U.S. TIPS

2. Com­modi­ties

3. NON-U.S. bonds

4. U.S. bonds

6. Dur­ing the same pe­riod, which of these as­set classes had the high­est cor­re­la­tion to large-cap U.S. stocks?

1. Global real es­tate

2. Small-cap U.S. stocks

3. Mid-cap U.S. stocks

4. De­vel­oped non-u.s. stocks

FROM: AN­NU­ITY FIRMS SHIFT THEIR PITCH

7. What was the dif­fer­ence in to­tal an­nu­ity sales from the first half of 2016 to the first half of 2017?

1. Sales de­creased by $5.2 bil­lion

2. Sales de­creased by $10.2 bil­lion

3. Sales de­creased by $11.5 bil­lion

4. Sales de­creased by $9.2 bil­lion

FROM: FU­TURE FOR HSAS IS ‘VERY BRIGHT’ 8. Af­ter age 55, how much ex­tra, an­nu­ally, can a client con­trib­ute to an HSA?

1. $500

2. $1,000

3. $1,500

4. $800

FROM: WITH LTC HY­BRID SALES HUMMING, WHY THERE’S STILL ROOM TO GROW (On­line only)

9. How many se­niors aged 65 and over will need long-term care ser­vices, ac­cord­ing to the Depart­ment of Health and Hu­man Ser­vices?

1. 45%

2. 60%

3. 52%

4. 25%

FROM: WHAT’S THE OP­TI­MAL RE­TIRE­MENT STRAT­EGY? (On­line only)

10. If a safe port­fo­lio ap­proach in­cludes a life­time im­me­di­ate an­nu­ity cov­er­ing all es­sen­tial ex­penses of re­tire­ment, which re­tire­ment plan­ning shape would this fall un­der?

1. Curve

2. Rec­tan­gle

3. Tri­an­gle

4. Cir­cle

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