Exam 6: Synthesis of Financial Planning - Integrating the Components of a Financial Plan

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Retirement and estate planning do not need to be addressed until you are closer to retirement age.

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You must have assets to be able to access financing for large purchases.

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Which of the following statements regarding insurance is correct?

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If Jack has a $3000 credit card balance he is paying off,it would be financially advisable to pay it off before starting to save $300 per month in his emergency fund.

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Key documents for managing investments include

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

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Monitoring liquidity includes tracking your

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In deciding how much to contribute to your retirement savings,which of the following should you ignore?

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Which of the following is true regarding RRSP withdrawals?

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List three types of financing you have studied and an important consideration about each one of them

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Budgeting allows you to forecast how much money you will have at the end of each month so you can determine how much you will be able to invest in assets.

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Which of the following will decrease your net worth?

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

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Key documents for managing personal financing include

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An important Chapter of financial planning is making trade-offs between various important decisions.

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Revising a financial plan

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

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

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An important consideration regarding applying for a loan is that

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Which of the following is true?

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