For the each scenario below, identify:

a) Investment goal

b) Type of investment account recommended (i.e., RRSP, TFSA, RESP, non-registered, etc.)

c) Asset allocation of the portfolio and why this is appropriate

d) Other aspects you would need to consider that are not specifically noted

Scenario 3:

Dan and Anca are both 36 and married. They are both social workers working at a local non-profit that specializes in helping immigrants settle into life in Canada. They live in Thunder Bay and both earn $45,000 per year. They immigrated to Canada when they were 24 and recently became citizens. They enjoy the quiet nature around Thunder Bay and dont ever plan on leaving. They just finished paying off student loans so collectively have approximately $600 each month they can start saving towards retirement. They dont plan to have a pension so will need to rely on government programs and their own savings to fund their retirement. They are not particularly keen on risk because they came from a country with high inflation and economic uncertainty, but they know they need to invest their money if they ever hope to retire.