Are you smarter than a fifth grader?
Fort Lauderdale Securities attorney David Weintraub has been out and about, testing and entertaining financial planners and trust officers bankers and estate attorneys with his Jeopardy-style game of financial questions. This week, he did his game-show special for the Financial Planning Association in Broward.
And the category is: Lawyers in Love (with themselves) for $200
The answer: Plead no contest in 1973 to failing to pay $29,500 of federal income tax.
The question: Who was Vice President Spiro T. Agnew?
You get it.
Now let's see if you're smarter (financially) than a fifth-grader. Weintraub says his most recent audience did very well.
The category: Equities for $400
The answer: A complex investment that pays
investors part of the capital
appreciation in a stock index
and guarantees a minimum
return if held to maturity
The question: You guess.
The category: Elder Investors for $200
The answer: Reporting elder abuse to the state's central abuse hotline.
The question:
The category: Equities for $800
The answer: The tax advantage of purchasing a variable annuity inside an Individual Retirement Account or other qualified retirement account.
The questions are below:
Equities for $400: What is an equity indexed annuity?
Elder investor for $200: What is a bank's obligation when it has reasonable cause to suspect exploitation of an elderly person?
Equities for $800: What is none?
Weintraub, whose web site is www.stockbroker litigation.com, has actually made this stuff fun.
Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.
Comments
my own responses
*the worst type of investment--annuity
*what to do about all of those free dinner seminars...lol
*there is none unless your the advisor
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