Question

Which of the following information or assumption is not necessary when you work for a client's...

Which of the following information or assumption is not necessary when you work for a client's retirement?

A. Retirement age

B. Inflation and interest rate(s)

C. Current retirement asset

D. Living will

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Answer #1

As a financial advisor i am concerned with my client's :

  • retirement age : at what age , my client considering taking up retirement is crucial to determining his or her retirement  goals.
  • the inflation rate is important to understand what are the needs for retirement today , and how much will this amount to , factoring the inflation into the future. After applying inflation, we get a real picture of the dollar amounts available in the future and will this amount be enough to cover the retirement needs.
  • current retirement assets : how much assets does my client have to achieve his retirement objectives and will he be able to live through his retirement years, with this asset base.

The correct option is option D. The living will is not necessary to consider when working for retirement goals of my client.

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