Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
4 Cards in this Set
- Front
- Back
- 3rd side (hint)
|
Client goals
|
Time horizon, liquidity needs, income vs growth , goal achievement, cra implications , primary and secondary objectives. 6
|
6
|
|
|
Reasons a client needs liquidity
|
Financial emergency, fulfill a goal within 2 years, pay known expenses, take advantage of in expected investment opportunities.
|
|
|
|
Factors in long term goal related to retirement
|
Years to retirement, income required at retirement, amount of savings in place, amount of money client can save each year, inflation, expected return on savings.
|
|
|
|
Goal : short term related to generating income
|
Current living expenses, portion of this expenses met through pension etc, number of years it must last, existing capital available to fund, inflation rate, expected return on investmenst
|
|
