unit 19 Flashcards
1
Q
Family Balance sheet
A
assets and liabilities= NW
shows what is available for lump sum investment
2
Q
Income statement
A
determines cash flow
income and expenses
3
Q
investment constraints
A
time horizon need for liquidity tax bracket personal values health changes
4
Q
Wanting to avoid a certain type of asset is generally considered to be
A
relating to attitude aka nonfinancial
5
Q
For which of the following business entities would suitability be based on the objectives of all the owners on a collective basis?
A
general partnership
6
Q
are you entitled to SS benefits if you are married for 10 years, get divorsed and then get remarried
A
no, not if you get remarried.
7
Q
It is generally accepted that agents and IARs will give greater consideration to which of the following when making recommendations to their senior clients?
A
life stage and retirement savings
