Exam 16: Synthesis of Financial Planning - Integrating the Components of a Financial Plan

Which of the following assets will increase your liquidity?

There are only three ways to get funds from your RRSP without paying tax on 100 percent of the withdrawal: the HBP,LLP and RRIF.

Which of the following will increase your net worth over time?

The best schedule for the order of the components of your financial plan would be

The first component in creating a financial plan is

You will know your financial plan is working when

The purpose of financial planning is to help do all of the following except

What is the liquidity trade-off?

Compared to the stocks of larger firms,the stocks of smaller firms are

What is meant by the financing trade-off?

Discuss ten specific measures a risk taker versus risk averse investor may take to protect and maintain their wealth.

Once you have enough assets to last you three years of expenses,it is not advisable to pay for disability insurance.

Which of the following investments achieves the greatest diversification?

Which of the following should you do first?

Monitoring liquidity includes tracking your

To increase your net worth,you should

Investing in stocks of large,well-known firms typically offer lower return and risk than stocks of growth companies.

If you are looking for fast-growth stocks,you should look for stocks that do not pay dividends.

Maintaining all documents in a safe place and leaving instructions on their location is not necessary in the high-tech age.

As time passes,your financial position and goals are likely to change,so you will need to revise your financial plan.