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The disposition effect is the tendency to sell winners too early and hold losers too long, seeking to avoid realizing losses. Anchoring (D) may contribute (anchored to purchase price), but the key is reluctance to realize losses. Herding (B) and mental accounting (C) are unrelated.

Survivor benefits can start as early as 60 (or 50 if disabled). Spousal retirement benefits begin at 62. FRA and 65 provide unreduced benefits depending on birth year.

Duty of Care requires competence and diligence. Giving advice outside expertise violates this. Loyalty (A) is prioritizing client interests. Confidentiality (C) is privacy. Fiduciary (D) is broader.

Joint tenancy with right of survivorship automatically passes to the surviving joint tenant, avoiding probate. Tenancy by the entirety (C) is similar but limited to spouses. Tenancy in common (A) does not include survivorship rights. Community property (D) is divided at death.

Tax-inefficient income (like high-yield taxable bond interest) is best sheltered in tax-deferred accounts such as traditional IRAs, deferring ordinary income taxation. Roths (B) also work but are often reserved for growth assets. Municipals (D) are tax-efficient in taxable accounts, but high-yield taxable bonds belong in IRAs.