Questions:
How can I use a realized investment loss to my advantage? Can I claim investment losses in retirement accounts? How much can I deduct in a year? What is the rule of 72? Do you feel this rule is reliable?
Question 1: How do REITs compare to mutual funds?
Question 2: List 3 advantages and disadvantages of owning rental property.
Question 3: Define ROI.
Question 4: What is the maximum IRA contribution for someone over age the age of 50 and under the age of 50.
Question 5: Can you invest in a retirement plan through your employer and still invest in an IRA (Yes or No)?
Question 6: Explain the tax implications of drawing your money out of a Traditional IRA before the age of 59.5 (assuming this is not a distribution that is considered an early withdrawal exception)?
Question 7: What is a Required Minimum Distribution (RMD)? How is this RMD calculated?
Question 8: Explain the tax inefficiency of borrowing funds from your 401(k)?
Question 9: What is a power of attorney?
Question 10: What are some of the benefits of establishing a trust?
Questions 11: How does the probate process work? Are there costs involved?
Question 12: What is a conservatorship of a minor?
Refer to Assigned Cases
Question 13: Do you feel as though your person(s) should increase their retirement plan contributions? Are they recieving their full employer match?
Question 14: Do you feel assigned person(s) have the proper estate plans in place? Do you think the person(s) need a will and/or a Trust? Why or why not.
Question 15: What are some of the risks your person(s) are exposed to given their current estate planning goals?