Your client Wilma is wanting to discuss long-term care planning. She may want to transfer the risk of a long-term event to an insurance company. All of the following are triggers for a long-term care policy, EXCEPT ________

• A. Cooking
• B. Eating
• C. Transferring
• D. Bathing

Joseph is a client of yours. He is nearing retirement and is concerned about market volatility. You have a discussion with Joseph about investments during retirement and sequence of return risk. Which of the following is true about sequence of return risk?

• A. Only average returns matter.
• B. Poor returns in early years can have a significant effect on retirement outcomes.
• C. Bear Markets occur about once every 15 years.
• D. Due to volatility, retirees shouldnt invest in stocks during retirement.

Your client Beth wants to know more about Health Savings Accounts (HSA). Which of the following is true regarding Health Savings Accounts?

• A. Employees may choose how the funds in the HSA are invested
• B. Contributions are not included in an employees taxable income
• C. Qualified distributions for health care expenses are income-tax-free
• D. All of the above