Practice Quiz

Financial Planner

Category - Retirement Savings and Income Planning

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Martha and Matt are retiring in 30 years and they want to make sure they have enough funds to maintain their lifestyle until they pass away. As a financial planner you know a comprehensive income-need analysis must be calculated. What calculation type would you not take into consideration for the analysis?
  1. Present Value
  2. Interest Rate
  3. Paid Bills
  4. Number of periods
Explanation
Answer: C - When calculating a comprehensive income-need analysis a financial planner would not take into consideration paid bills. For a retirement income-need analysis calculation present value, interest rate, number of periods, future value, and payment must be calculated if the analysis is to be comprehensive.
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