Master The Annuities Topic For SIE/Series 7/Series 65/Series 66 Exams: Review Of 10 ?s

[@trebor6v418]

Thank you again Suzy! Your explanations help with understanding AND remembering the subject matter. Great content.

[@PassMasters]

Thanks for watching! So glad I could be of help!

[@jlopez5281]

Your videos are great and not boring. Your voice makes it so pleasant to understand. Thank you! Is it possible to pass the SIE with just watching all your videos?

[@PassMasters]

So glad you like them. I have helped lots of students pass their SIE exam, I can't say though how many exclusively used the YT content, I just don't have any way to know. Thank you for watching. 😀

[@jlopez5281]

Makes sense, thanks so much! You’re wonderful

[@odessamom6318]

Hi Suzy, another great video. I noticed "non-qualified" annuity was used throughout this video. Are there qualified annuities as well? I'm still learning all of these products. I can't find that specifically mentioned in the book I have from another source. I wish I found you first! Thank you for making these helpful videos!

[@PassMasters]

So happy to help! Yes, annuities are either funded with after-tax dollars or pre-tax dollars. Non-qualified annuities are funded with after tax dollars and ANYONE can fund one. A qualified annuity is only available as a TSA, tax-sheltered annuity, Internal Revenue Code 403b. TSA are only available to public school employees and employees of non-profits. TSA are funded with pre-tax dollars, similar to a 401k plan. It is true that the employer may choose to offer Roth TSA and Roth 401(k)s, which would be funded with AFTER tax dollars....but in GENERAL, qualified plans are funded in pre-tax dollars 😀

[@odessamom6318]

@@PassMasters thank you! that's a huge help!!

[@pauldkatsion]

When reading through multiple choice questions, the ones that are obviously wrong get an enthusiastic “no!”. I just realized where it came from (intended as a complement).😂

[@PassMasters]

I love it! Thanks so much for watching and for sharing. I will be in your head on test day too (in a good way!) Keep up the good work. 😄

[@TheDude_Abides_]

These are helpful! Thanks for posting. How similar is the format of your questions/answers to those on the real exam?

[@PassMasters]

Thanks for watching. The content is what is covered on the test, although you can expect some of the exam questions to be wordier :)

[@arshae21]

In question 2 why is C incorrect?

[@PassMasters]

So the question is what licenses are required to sell variable products. C says life insurance and series 7. The right answer is life insurance, SIE, and series 6. It is just a better answer. You could sell variable products with life insurance, SIE and the series 7 top-off exam, but you NEED series 7 to buy and sell securities that trade in the secondary market. Sure it also allows you to do everything the SIE and 6 allows for, but you MUST have at minimum life insurance, SIE, and the series 6 top-off to sell variable products. Great questions. Thanks for watching 😀

[@arshae21]

@@PassMasters thank you for the explanation

[@1bree4real83]

Thanks again!

[@PassMasters]

You are welcome! We are so glad you found it helpful!

[@samaskari9584]

Thank you

[@PassMasters]

Welcome!