CE Quiz

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Financial Planning - - CE QUIZ -

From: Avoid­ing a Medi­care Hit

1. What is the cur­rent ba­sic pre­mium for Medi­care Part B?

1. $150 per month

2. $75 per month

3. $200 per month

4. $134 per month

2. What is the max­i­mum mod­i­fied ad­justed gross in­come a mar­ried cou­ple fil­ing jointly can have be­fore they will be sub­ject to a Medi­care sur­charge for an in­come re­lated monthly ad­just­ment?

1. $85,000

2. $200,000

3. $170,000

4. $100,000

From: Ease Clients’ Con­cerns

3. What was the av­er­age 60% eq­uity/40% bond port­fo­lio bal­ance, at age 95, for 33 dif­fer­ent clients (in time pe­ri­ods rang­ing from 1926 to 2017) who be­gan in­vest­ing at age 35, sav­ing 8% an­nu­ally of a salary start­ing at $50,000 and in­creas­ing 1.5% each year un­til age 70?

1. $5.89 mil­lion

2. $3.7 mil­lion

3. $2.53 mil­lion

4. $800,000

From: How to Help With HSAS

4. To qual­ify as a high-de­ductible plan that can be used with an HSA, the plan must of­fer a min­i­mum de­ductible of how much for in­di­vid­u­als?

1. $2,700

2. $1,350

3. $2,000

4. $1,500

5. What is the max­i­mum an­nual de­ductible for a fam­ily in or­der for a plan to qual­ify as one that can be used with an HSA?

1. $10,200

2. $15,100

3. $13,300

4. $9,700

From: Warn­ing: Be Care­ful When Clients Hire Fam­ily Care­givers (online only)

6. How much, on av­er­age, do fam­ily care­givers help­ing a rel­a­tive with de­men­tia spend on an­nual out-of-pocket ex­penses?

1. $10,697

2. $8,765

3. $11,289

4. $7,522

From: Rates Are Ris­ing. Are Un­con­strained Bond Funds Still Worth the Risk? (online only)

7. As of the end of sec­ond quar­ter 2018, what was the five-year an­nu­al­ized re­turn of PIMCO’S Un­con­strained In­sti­tu­tional Class Bond Fund?

1. 5.21%

2. 2.57%

3. 1.18%

4. 3.31%

From: How Send­ing Out Pro­mo­tional Ma­te­ri­als Can Af­fect Suitabil­ity (online only)

8. Which FINRA no­tice ad­dresses ex­am­ples of elec­tronic com­mu­ni­ca­tions con­sid­ered to be ei­ther within, or out­side, the def­i­ni­tion of “rec­om­men­da­tion” for ad­vi­sors?

1. No­tice to Mem­bers 01-45

2. No­tice to Mem­bers 01-23

3. No­tice to Mem­bers 01-55

4. No­tice to Mem­bers 01-75

From: Help Clients Boost Sav­ings

9. At what in­come level is a cou­ple fil­ing jointly dis­qual­i­fied from con­tribut­ing di­rectly to a Roth IRA?

1. $150,000

2. $225,000

3. $199,000

4. $300,000

10. What is the cur­rent an­nual max­i­mum al­lowed for all em­ployee con­tri­bu­tions, em­ployer con­tri­bu­tions and non-roth after-tax con­tri­bu­tions?

1. $25,000

2. $75,000

3. $35,000

4. $55,000

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