RILAs
This segment will turn negative market years into positive gains within certain parameters
What are dual directional segments?
High earners often use this two-step strategy to fund Roth IRAs despite income limits
What is a Backdoor Roth IRA?
The IRS rule prohibiting claiming a loss when repurchasing substantially identical securities within 30 days.
What is the wash sale rule?
The penalty for missing an RMD was reduced from 50% to this percentage
What is 25%?
When entering allocations, the total between all investment options must equal this percentage or the allocation will fail.
What is 100%?
This California court process can take 9–18 months (or longer) and often costs 4–7% of the estate value.
Question: What is probate?
This Segment will turn any positive gain into a pre-determined positive gain
What is a trigger or step up segment?
Converting pre-tax retirement assets during temporarily low income years is known as this strategy.
What is a Roth conversion?
If losses exceed gains, up to this amount may offset ordinary income annually.
What is $3,000 per year?
SIMPLE and SEP IRAs can now allow this type of contribution under SECURE 2.0.
What are Roth contributions?
This will appear while entering data if an error or warning related to the recently input data needs to be addressed
What is a pop up message?
Simply creating a trust is not enough — assets must be transferred into the trust through this process.
What is funding the trust?
This company currently has the best upside on international index options in an average bull market.
Q: Who is Prudential?
This rule requires aggregation of all IRA balances when calculating taxable portions of Roth conversions.
What is the pro-rata rule?
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DOUBLE JEOPARDY!
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Answer: Losses beyond annual limits are not lost but carried forward under the capital loss carryforward rule for this many years
Question: What is an unlimited number of years?
One penalty-free withdrawal per year up to this amount is allowed for emergency expenses.
What is $1,000?
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What is a yellow indicator(warning sign etc)?
This document works alongside a living trust to transfer any forgotten assets into the trust at death.
What is a pour-over will?
Registered Index-Linked Annuities (RILAs) and Long-Term Equity Anticipation Securities (LEAPS) all use these as the underlying investment mechanism
What are derivatives? (Will accept options)
This lesser-known rule allows stock received from employer plans to be taxed partly at capital gains rates.
What is Net Unrealized Appreciation (NUA)?
TLH improves portfolio efficiency when evaluated on this basis rather than pre-tax returns
What is after-tax performance?
The lifetime rollover limit from a 529 to a Roth IRA is this amount.
What is $35,000?
You have a saved file from a previous IRA application. The client now wants to open a Roth IRA with the same personal information. This import option should be used for quick completion. (describe application type and specifically what data to load)
What is New Application to load only the client info into a fresh application?
While revocable living trusts avoid probate, they generally do NOT eliminate this type of tax by themselves.
What is estate tax or income tax?
This adjustment effects the interim values shown on most RILAs and FIAs
What is Market Value Adjustment?
This tax applies to high earners on investment income above certain thresholds.
What is Net Investment Income Tax (NIIT)?
Sophisticated advisors evaluate TLH benefits using this measurement rather than headline returns.
What is after-tax alpha?
The income threshold triggering Roth-only catch-up contributions is this annual wage level starting 2025.
Question: What is $150,000 (indexed)?
Resume loads everything; Import gives you options (Resume Work or New Application) Describes the difference between these 2 steps.
What is the difference between Step 1 and Step 3?
This type of trust provision allows funds to be used only for HEMS Standard which stands for these needs.
What is for health, education, maintenance, and support?