Fun(d) Stuff
To IS or Not (to be)
I'm not a tax advisor but...
Where is the world is...
Everyone Loves Leftovers
100
A conglomerate of investments that are pooled together and funded by shareholders that trades in diversified holdings.
What is a mutual fund?
100
Client states: "I am looking to get into a more aggressive fund, what would you recommend?"
Transfer to IS.
100
IRS publication that discusses distributions from individual retirement arrangements (IRAs).
Publication 590-B. IRS website.
100
10 Largest Holdings of total net assets of a fund.
What is the Composition tab?
100
Provides verification of the authenticity of an individual's signature by a financial or banking institution. It offers assurance that the signature is genuine, the signer is the appropriate person to originate the instruction, and the signer has the legal capacity to sign. The guarantor could be held financially liable in the case of an inappropriate or fraudulent signature.
What is an MSG?
200
The date on which the price decreases by the amount of the dividend.
What is the Ex-Dividend date?
200
Client states: "I want to talk about my funds performance."
Do NOT Transfer to IS (yet) example.
200
Define the option: If the owner died before the year in which he or she reached age 70 1/2, distributions to the spouse do not need to begin until the year in which the owner would have reached age 70 1/2.
What is "Year of first required distribution" IRA beneficiary option? (Page 9 of Pub 590-B)
200
High level overview of differences between Retirement Date funds and Target Date funds.
What is the Target Date Funds tab (Mutual funds drop down)?
200
Provides assurance that the legal document is still current, it is a true and accurate copy of the original and that the information contained within is still in full force and effect (still valid).
What is certification?
300
A series of indexes that tracks performance and averages of different types of mutual funds.
What is Lipper?
300
A PSG client states: "I want to rollover my 401k from fidelity worth around $5,000."
Transfer to IS High Value.
300
There is a 6% tax penalty.
What is an excess contribution past contribution year?
300
Average Annual Total Returns Information.
What is the Snapshot tab?
300
A profit or loss realized from the sale of securities, property or other assets. If the asset sold was held more than one year. (1099-DIV form Box 2a. Taxed at a preferred rate: maximum rate of 15%)
What is a long-term capital gain.
400
The max market capitalization for this fund is $2 billion.
What is a small-cap fund?
400
My portfolio is very heavily invested in high risk funds, and I feel very uneasy with this election coming up. What should I do?
What is transfer to IS. **
400
How much should I withhold?
What is consult a competent tax advisor?
400
Easily printable information on a particular fund.
What is the Quarterly Fund Fact Sheet?
400
RMD/excess contribution purchase into taxable account with stop purchase added immediately.
What TRP Closed Fund Policy Exception? https://home2.troweprice.com/discovery/confluence/display/Compliance/Closed+Funds+Exceptions+Policy
500
A statistical measure of how volatile a fund's returns are compared to an index.
What is beta?
500
Client states: "I want to purchase into a cash position today, what fund should I go into?"
Do not transfer (yet)
500
Client Situation: Contributed to Roth IRA. Earn too much to contribute to a Roth IRA. Associate: Recharacterizes the excess contribution, then convert back into Roth IRA.
What is a backdoor Roth?
500
Morningstar access. (PSG client specifically)
What is go to My Accounts page (Welcome Back). Click on the hyperlink that says Personal Services, click Morningstar registration.
500
The price paid for an asset or investment, including (in the case of mutual funds) reinvested dividends and capital gains. Used to calculate capital gains or losses when shares are sold. Sum of: 1. Cost of your initial shares purchased PLUS + 2. Cost of any additional shares bought over time PLUS + 3. Cost of any reinvested dividends and/or capital gains MINUS - 4. any exchanged/redeemed/ or transferred shares.
What is Cost Basis?
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