Investments
What time of day does the stock market open and close?
9:30 AM
4:00PM
What is Bobby's dogs name?
Charlie
How much is the annual IRA Maintenance Fee?
$35
Which type of IRA gives you a current year tax deduction? Roth or Traditional
Traditional IRA
Name three financial planning softwares that we utilize at Omnica
1. Money Guide Pro
2. Right Capital
3. eMoney
4. Riskalyze/Nitrogen
5. Hollistiplan
Name three of the five largest companies included in the S&P500
1. Microsoft (MSFT)
2. Nvidia (NVDA)
3. Apple (AAPL)
4. Amazon (AMZN)
5. Meta/Facebook (META)
Where did Jack go to College?
Colby Sawyer - NH
What does PPS stand for?
Preferred Portfolio Services
October 15th
What is the earliest and latest age that you can claim social security benefits?
62 & 70
What type of bond pays tax free interest?
Municipal Bond
What year was Omnica/CIG originally founded?
1999
What are the AUM ranges for A, B, and C clients?
A: $2,000,000 Plus
B: $1,000,000 - $2,000,000
C: $500,000 - $1,000,000
What is the name of the process of selling an investment at a loss and buying a comparable investment for tax benefit?
Tax Loss Harvesting
If a client is 57 years old today, at what age would they be required to start taking RMD's?
75
How many companies make up the Dow Jones Index?
30
Where did Jeff work before Omnica?
Allmerica
At what balance amount is a Solo 401(k) required to file a Form 5500?
$250,000
How many federal income tax brackets exist today?
7
What is IRMAA?
Income-Related Monthly Adjustment Amount
What is the Year to Date Performance of the S&P 500? (Within 1%)
6.57%
What road was our original Glastonbury, CT office on?
New London Turnpike
What does LPL stand for?
Linsco Private Ledger
The higest income tax rate in the United States was in 1944. What was the rate? (Within 3%)
94%
What is the maximum amount that a solo business owner can contribute to their Solo 401(k) in 2025? Including employer and employee contributions and assuming they are under age 50. (Within $2,000)
$70,000