Retirement Accounts & Asset Protection
Brian Petersen November 1, 2020
This is the last quiz of the primary training modules! You made it.
We’re asking a few simple questions to make sure that you understand some primary points that we feel are especially important from these lessions.
Feel free to take this quiz as many times as you’d like in order to get the score that is acceptable to you.
Enjoy!
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- Question 1 of 12
1. Question
It is never possible to control how funds are invested in retirement accounts.
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2. Question
Retirement accounts that allow individuals to control how money is invested are called:
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3. Question
Some SDIRA accounts will even give the individual “checkbook control” in order to act swiftly on behalf of the retirement account.
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4. Question
Traditional IRA account contributions are made with pre-tax dollars.
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5. Question
Roth IRA account contributions are made with after-tax dollars.
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6. Question
When self directing retirement account funds, it’s crucial to be diligent when managing the flow of money. It’s possible that the individual could be penalized and/or taxed if retirement account money flows through or stays in the individual’s personal bank accounts or personal possession.
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7. Question
Real estate investors are NEVER targets for lawsuits.
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8. Question
Savvy real estate investors use a technique to separate themselves from liabilities called:
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9. Question
I should seek to separate myself from liabilities, and also separate assets from each other, by consulting with an attorney about my individual case.
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10. Question
It’s legal for me to gain advantage in an auction setting by manipulating the competition through bid rigging.
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11. Question
The Sherman Antitrust Act is a landmark federal statute in the history of United States antitrust law (or “competition law”) passed by Congress in…
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12. Question
Which of the following are considered the primary categories of bid rigging as covered under the Sherman Antitrust Act (select all that apply)?
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