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Noreen Ali is a 36-year-old single mother to a five-year-old girl, Eve. Noreen is currently renting a condominium in British Columbia and would like to
Noreen Ali is a 36-year-old single mother to a five-year-old girl, Eve. Noreen is currently renting a condominium in British Columbia and would like to buy a house worth $400,000 in five years using an $80,000 down payment.She already has saved $35000. She would also like to accumulate sufcient funds to pay for four years of secondary education for Eve, at an expected cost of $15,000 (in today's dollars) at the start of each year over four years starting in 12 years. Finally, she plans to retire at age 65 at which time she plans to begin collecting her government and employment pensions which she thinks, will meet her annual gross income retirement needs . Please answer each question separately in 2-3 sentences. Questions: What financial life stage is Noreen in? From the information above, what are her goals?( 3marks) Name the products/ solutions that come to your mind when you read her profile? ( 3marks) What referral opportunities you see for your branch partners ( who would you refer her to?) ( 3marks) What is the one stage of life she might not seem to be paying enough attention to? ( 3marks)
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