Situation 2: While I knew it might happen someday, I didn't expect it right now. This was the reaction of Patrick when his company merged with another organization and moved its offices to another country, resulting in him losing his job. Patrick does have some flexibility in his shortterm finances since he has three months of living expenses in a savings account. However, "three months can go by very quickly," as Patrick noted.

a. Identify the main financial planning issues that need to be addressed.

(10 marks)

b. Suggest any TWO additional information either quantitative or qualitative you need before making recommendation.

(20 marks)

c. Recommend the most appropriate TWO actions based on the information provided and your assessment of the situation,

(20 marks)