When helping a client identify goals, a financial planner should do which of the following: Select one: a. Help the client prioritize goals using a risk-management pyramid approach b. Discuss and apply reasonable assumptions and estimates to frame the goal. c. Revisit the client's fact finder to ensure enough information is present to continue moving through the scope of the planning engagement Which of the following is a quantitative goal? Select one: a. I want to feel financially secure in retirement. b. I want to retire early. c. I want to retire with $100,000 of annual income. According to this week's readings, approximately what percentage of college students have at least one credit card? Select one: a. 15% to 25% b. 56% to 68% c. 28% to 42% According to Bleemer et. al (2017) how have college students responded to higher tuition? Select one: a. Deferring college b. Incurring higher amounts of debt c. Forgoing college If a client wants to take a vacation to Portugal, which of the following might be a terminal goal? Select one: a. Spending $50/ month on items she will need for the trip b. Purchasing travel insurance c. Saving $100 a month for the trip Which best describes qualitative information that must be gathered to better understand a client? Select one: a. Government Benefits b. Dependents c. Family Circumstances Which best describes qualitative information that must be gathered to better understand a client? Select one: a. Government Benefits b. Dependents c. Family Circumstances Derek (25) wants to retire as soon as possible, and he is planning to save 40% of his salary to do so. He is single and has no debt. He would like to live quietly in a cabin near the mountains. He currently has no life insurance, major medical health insurance, and adequate renter's insurance. Which is an example of an explicit goal? Select one: a. Purchase health insurance with lower out-of-pocket costs. b. Acquire an adequate amount of life insurance c. Save 40% of his salary towards early retirement Which of the following is a qualitative goal? Select one: a. I want to live primarily off the land in retirement, needing about $40,000/year. b. I want to live simply in retirement. c. I want to save to afford a $150,000 cabin in the mountains in retirement