Below is a summary of your notes from the meeting. Claire and David Johnston have been married for 9 years and have a 7-year-old daughter named Maegan. Claire and David are both aged 36. Claire is pregnant and the Johnston's are expecting their second child in 4 months. They currently rent a small two-bedroom apartment for $1,900 per month. David works as a manager for a robotics manufacturer and earns $110,000 gross annual income (\$82,350 after payroll deductions of CPP, El \& tax). Claire works as a writer/editor for a local newspaper and earns $35,000 gross annual income (\$29,500 after payroll deductions of CPP, EI &tax). Two months ago, Claire received a tax-free inheritance from her late father in the amount of $200,000. Claire and David used $40,000 of the inheritance to each contribute $20,000 to their own RRSPs. The Johnstons do not make regular contributions to their RRSP accounts. They make RRSP contributions only when they have extra money at the end of the year. The remaining balance of the inheritance, $160,000, was deposited by Claire into a joint savings account (joint with David) at the local bank because they were unsure how to invest their money. The interest rate on this account is 1% per year. David and Claire have disability insurance and health care insurance through their employers but neither has any life insurance. 1. Client's goals and objectives - Provide a summary of the client's short-term and long-term goals. 2. Financial Management - Review your client's current financial situation by preparing a current Cash Flow Statement and a current New Worth Statement for the clients. 3. Asset Management - Review the client's current investment situation and provide answers to the client's questions. 4. Risk Management - Review the client's current risk management/insurance situation and provide answers to the client's questions. 5. Tax Planning Strategies - Review the client's tax situation and provide answers to the dient's questions. 6. Retirement Planning Strategies - Review the client's current retirement plan and provide answers to the client's questions