1. Write an engagement letter to conduct comprehensive personal financial planning for the 2. Identify their life cycle position and related risks most likely to affect the achievement of Nelsons. the Nelsons' goals. NELSON FAMILY CASE SCENARIO The Nelsons recently visited you, their financial planner. After initial discussions and completion of a client data questionnaire similar to the one presented in Appendix 3-A, you have gathered the following information. (The Nelson family will be used throughout the text for various examples and explanations.) DANA AND DAVID NELSON As of 1/1/2019 PERSONAL BACKGROUND AND INFORMATION David Nelson (age 37) is a bank vice president. He has been employed by the bank for 12 years and has an annual salary of $70,000. Dana Nelson (age 37) is a full-time homemaker. David and Dana have been married for eight years. They have two children, John (age 6) and Gabrielle (age 3), and are expecting their third child in two weeks. They have always lived in this community and expect to remain in their current residence indefinitely. GOALS (not prioritized) Save for college education Reduce debt Save for retirement Estate planning Invest wisely