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In a discussion with her financial advisor, Lisa states one of her financial goals is to save for her 2 year old childs university education

In a discussion with her financial advisor, Lisa states one of her financial goals is to save for her 2 year old childs university education over the next 16 years. To do so, she will cut back on entertainment expenses and invest the extra cash in bonds. Why is this goal not SMART?

It has no time frame

It has no action plan

It is not specific

It is not realistic

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