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From “ Are Extended RMDs A Gold Mine Or Tax Trap ?,” page 26
1 . If a surviving spouse withdraws $ 89,450 in required minimum distributions a year after becoming widowed , instead of taking it in RMD when both spouses were alive , their federal income tax liability rises to _____, or almost ___ higher . A . $ 10,122 , 60 % C . $ 15,833 , 70 % B . $ 12,222 , 65 % D . $ 18,192 , 77 %
2 . “ Provisional income ” is equal to a couple ’ s outside income ( including the IRA receipts ) plus ____ of their income from Social Security . A . 50 % B . 30 % C . 25 % D . 0 %
From “ Too Much Of A Good Thing ,” page 30 3 . A charitable remainder unitrust does which of the following ?
A . The trust makes an initial payment to the creator and holds the remainder to grow and be given to charity when the creator dies . B . The trust pays the beneficiary a yearly amount and gives the rest to charity when the creator dies . C . The trust pays the surviving spouse a monthly benefit . D . The trust splits the remainder of the fund between the beneficiary and a charity when the creator dies .
4 . A unitrust can also be paired with what other type of financial vehicle ? A . An annuity that pays monthly premiums B . A will that leaves all of the money to charity C . An exchange-traded fund that concentrates the assets in one fund D . A donor-advised fund , which receives the remainder of the trust when the creator dies
From “ Benchmarking With Apples And Oranges ,” page 41
5 . Six well-known indexes were used to build the portfolio models in Craig Israelsen ’ s story . Those indexes included all but the following : A . The S & P 500 B . The Bloomberg U . S . Aggregate Bond Index C . 90-day Treasury Bills D . The FTSE Nareit All Equity REIT Index
6 . In the author ’ s model portfolio of 80 % equities and 20 % fixed income , the 50-year average annualized return was ____. A . 9.83 % B . 10.83 % C . 12 % D . None of the above
From “ Three Reasons Munis Are Right , Right Now ,” page 44
7 . The S & P Municipal Bond Index showed a ____ return for January 2023 , the highest monthly return since ____. A . 2.2 %, 2009 B . 3.21 %, 2009 C . 3.68 %, 2010 D . 4.1 %, 2018
8 . Muni yields started 2022 at around ____ . A . 0.5 % B . 1 % C . 2 % D . 2.5 %
From “ A RILA-Roth Combo Can Solve Longevity Risk ,” page 54
9 . Allianz Life ’ s Schyler Adams took a hypothetical 58-year-old couple . They face total expenses of __ when they ’ re between ages 65 and 94 : A . $ 4.5 million B . $ 5.5 million C . $ 7.5 million D . $ 8.5 million
10 . From the time they are age 58 to 62 , a client converts ____ a year to the Roth inside the annuity to even out the tax bill and avoid the two-year Medicare look-back period . A . $ 60,000 B . $ 300,000 C . $ 600,000 D . $ 1.2 million
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Financial Advisor ( ISSN 1545-0163 , USPS 021-488 ) is published monthly by Charter Financial Publishing Network Inc ., 499 Broad Street , Shrewsbury , NJ 07702 . Tel : 732-450-8866 . 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 2023 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 . March 2023 Financial Advisor ( Volume 24 , Number 2 )
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