CE Quiz

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Financial Planning - - CONTENTS -

From: 5 IRA Plan­ning Strate­gies

1. 2017 Roth con­ver­sions can be un­done up un­til this date, per the IRS. 1. April 15, 2019 2. Oct. 15, 2018 3. Dec. 15, 2018 4. Sept. 15, 2018 2. What age must a client be in or­der to make a char­i­ta­ble gift via QCD? 1. At least 59½ 2. At least 50 3. At least 45 4. At least 70½

From: End­ing Bad Trust Ad­vice

3. What is the pass-through busi­ness de­duc­tion un­der new Tax Code Sec­tion 199A? 1. 15% 2. 25% 3. 20% 4. 30%

From: 3 Strate­gies for Man­ag­ing Big Cap­i­tal Gains (on­line only)

4. What is the high­est AGI a client cou­ple, fil­ing jointly, can have and still owe 0% in long-term cap­i­tal gains? 1. $38,600 2. $65,300 3. $77,200 4. $80,300 5. What is the high­est AGI a sin­gle client can have be­fore hit­ting the 20% long-term cap­i­tal gains bracket? 1. $250,400 2. $479,000 3. $380,100 4. $425,800

From: What Clients Should Know When Claim­ing So­cial Se­cu­rity Spousal Ben­e­fits (on­line only)

6. In or­der to file for a re­stricted ap­pli­ca­tion for So­cial Se­cu­rity spousal ben­e­fits, a client must have been born on or be­fore this date? 1. Jan. 1, 1954 2. Jan. 1, 1960 3. Jan. 1, 1950 4. Jan. 1, 1945

From: Claim­ing Early So­cial Se­cu­rity May Not Be the Best Strat­egy for High Earn­ers (on­line only)

7. What is the So­cial Se­cu­rity earn­ings test limit for 2018? 1. $15,720 2. $16,920 3. $17,040 4. $18,060

From: A Sec­tor to Watch

8. Over the pe­riod of 1970 to 2017, what has the av­er­age an­nual real re­turn of com­modi­ties been dur­ing the 24 years with above me­dian in­fla­tion? 1. -1.97% 2. -4.03% 3. 21.98% 4. 15.13% 9. Over the same pe­riod, which of these as­set classes had the high­est real av­er­age re­turn dur­ing the 24 years with below me­dian in­fla­tion? 1. Real es­tate 2. Small-cap U.S. stocks 3. Large-cap U.S. stocks 4. NON-U.S. stocks

From: Are You Over­es­ti­mat­ing Clients’ Health Care Costs? (on­line only)

10. What was the me­dian life­time health care cost from age 70 to death (95 or later, af­ter Medi­care pre­mi­ums) re­ported in a study by the Em­ployee Ben­e­fit Re­search In­sti­tute? 1. Just above $200,000 2. Just above $80,000 3. Just above $100,000 4. Just above $27,000

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