01 - Understanding the Financial Planning Process Problems: Chapter 01 - Underst

Question

01 - Understanding the Financial Planning Process Problems: Chapter 01 - Understanding the Financial Planning Process (Practice) eBook er l Planning Exercise 3 Financial Goals Recommend three financial goals and related activities for someone in each of the following circumstances A 30-year-old computer programmer who plans to earn an MBA degree. A couple in their 30s with two children, ages 3 and 6. t. A divorced 52-year-old man with a 16-year-old child and a 78-year-old father who is ill. A-Too get a job and start saving money.

Explanation / Answer

A. Planning for next years college fee, Planning for Higher education fee and To get a job and saving money

B. Planning on Getting sufficient funds to complete MBA, Getting a good job and saving of money ;and planning to start a small business.

C. Saving of sufficient funds for the purpose of education fee of children; Planning about financial security after retirement and planning of having a own house

D. Saving of Money for the purpose of children education; savings of money to meet fathers' medical expenses; and Planning about financial security after retirement

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