Created from Youtube video: https://www.youtube.com/watch?v=yQa_VLX3I3UvideoConcepts covered:financial planning, retirement goals, college funding, investment management, Edelman Financial Engines
In the first appointment, the financial advisor discusses with Sam his goals of early retirement, funding his children's college education, and managing a kitchen remodel. The advisor explains the services offered by Edelman Financial Engines, including financial planning and investment management, and outlines the steps to create a personalized financial plan for Sam and his family.
chapter
1
1st appt
Concepts covered:financial planning, retirement goals, college funding, investment management, Edelman Financial Engines
In the first appointment, the financial advisor discusses with Sam his goals of early retirement, funding his children's college education, and managing a kitchen remodel. The advisor explains the services offered by Edelman Financial Engines, including financial planning and investment management, and outlines the steps to create a personalized financial plan for Sam and his family.
Question 1
Is financial planning essential for retirement goals?
Question 2
How does a durable power of attorney help?
Question 3
CASE STUDY: Sam and Tina are planning for their children's college education.
What should they consider for college savings?
Question 4
Is an emergency fund important for financial security?
Question 5
What is the role of an estate plan?
Question 6
CASE STUDY: Sam is considering a kitchen remodel and a new car purchase.
What should Sam prioritize financially?
Question 7
Are estate plans only for wealthy individuals?
Question 8
Why is diversification important in investing?
Question 9
What is the purpose of asset allocation?
Question 10
Is a 529 plan tax-deductible in all states?
Question 11
CASE STUDY: Sam is evaluating his retirement plan with a financial advisor.
What is crucial for Sam's retirement planning?
Question 12
Sam and Tina want to pay for their children's _____.
Question 13
CASE STUDY: Sam is discussing life insurance needs with his advisor.
What should Sam ensure about his life insurance?
Question 14
Does a 401k loan affect retirement savings?
Question 15
Why is it important to review benefits annually?
Question 16
Sam's children are Abby and _____.
Question 17
Does inflation impact retirement savings needs?
Question 18
What is a fiduciary's primary responsibility?
Question 19
Sam enjoys outdoor activities like hiking, running, and _____.
Question 20
Is it advisable to have all investments in one stock?
Question 21
What is the benefit of a financial plan?
Question 22
Sam wants to retire as soon as _____.
Question 23
Can a financial advisor help with investment diversification?
Question 24
How can a 529 plan benefit education savings?
Question 25
Sam's primary concern is whether his savings are in the right _____.
Question 26
Should life insurance cover income replacement for dependents?
Question 27
What is a key advantage of using a CPA?
Question 28
Edelman Financial Engines focuses on financial planning and _____.
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