Retirement
IRA stands for
What is Individual Retirement Account?
3 types of non retirement accounts
what is corporate, individual, joint/joint tenants, trust, 529/Coverdell, UTMA/UGMA, HSA
A cheaper way to go without a will
What is a TOD
Total income from any source before taxes
What is gross income
1999
What is the year Trilogy was founded
An account that provides tax free income for retirement
What is a Roth IRA
Adding a beneficiary to an individual account
What is a TOD
A person who receives an inheritance from an estate
Who is a beneficiary
1099
What is the most requested document during tax time
Name the 3 planning principles that Trilogy is founded on
What is financial planning, estate planning, and tax planning
73
What is the 2024 RMD age
One who administers and manages a Trust
Who is the Trustee
The person who who creates a Trust
What is Grantor, Settlor, Trustor or Trustmaker?
April 15th (or closest business day)
What is the tax filing deadline
2021
What is the year the MACK Service Team was established
What is an annuity
S Corp, C Corp, LLC
What are 3 types of corporations
This is the name of the document that give you the authority to act on behalf of the principal?
What are Powers of Attorney?
The period of time in which you must hold an investment for your gains or losses to be considered long term
What is at least one year
*Recorded - JM
What is Jeff's daily mantra
SIMPLE IRA stands for
Saving Incentive Match Plan for Employees
**DOUBLE JEOPARDY**
Recorded - EP
What is cost basis
One of the most important steps after creating your Trust, making it the owner of your assets.
What is funding your trust
Off setting capital gains with capital losses
What is tax loss harvesting
Core, Select, Foundation, Continuity
What are the 4 TC portfolio sleeves