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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.

jeopardy.JPG

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.

POSTED IN: Your Money (119)

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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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You've got the job of managing your money. No one in school taught you how.

But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money... < More >

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...< More >

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