Discuss the pros and cons of tax-loss harvesting and tax-efficient investing.

Avoid subjecting a client to violations of the wash-sale rule for various types of investments.

Compute the tax consequences associated with investing in various types of bonds, including a tax-equivalent yield.

Describe the tax issues associated with investing in investment companies, options, annuities, LPs and MLPs, as well as futures contracts.

Demonstrate the tax advantages of net unrealized appreciation on stock distributions from a pension plan, tax-harvesting losses in an IRA account, and the tax implications of converting assets from a traditional IRA to a Roth IRA.

Explain the various characteristics of mutual funds, including their sales fees, benefits, and disadvantages.

Describe how closed-end funds work.

Decide whether an ETF or an index fund is more appropriate for a client.

Describe the differences between REITs, RELPs, and REMICs.

Decide whether an ETF or an index fund is more appropriate for a client.