Which of the following foundational elements should be in place before a client funds a taxable investment strategy?

I. The client should have positive cash flow.

II$.$ The client should have a sufficient emergency fund.

III. The client should have paid off the mortgage on their primary home.

IV$.$ The client should have paid off all high$-$interest debt.

Question $4$ Answer

$1.$

I, II$,$ and IV

$2.$

III and IV

$3.$

I, III, and IV

$4.$

I, II$,$ III, and IV