Advanced Personal Financial Planning Quiz | Engage

Advanced Personal Financial Planning Quiz

Read each multiple-choice question and select the best answer.

Question 1

What issue does not always need to be considered when performing cash flow for a client?

Legacy assets (what gets left behind)

Asset allocation

Potential long-term care events

Question 2

What is a not a crucial consideration during retirement planning?

Who a client plans to name as their executor.

What is a client’s purpose in retirement?

How a client defines success in retirement.

Question 3

What step should be taken with elder care/end of life planning?

The emotional side is not our problem.  Leave that to psychologists.

Don’t involve other advisors in decisions, it just complicates decisions. 

Help families put in place a password keeper so they will have access to all accounts and subscriptions.