Financial Planner

Category - Retirement Savings and Income Planning

Which of the following can be excluded from the evaluation of countable assets?
  1. A vacation home
  2. Life insurance with a value of $2,000
  3. A burial plot
  4. Burial funds of $3,000
Explanation
Answer: C - Some types of assets can be excluded from the evaluation of countable assets. These can include a personal residence, certain types of personal property and household furnishings, a vehicle, life insurance with the face value of less than $1,500, burial funds up to $1,500, a burial plot for certain individuals, and assets held in certain types of trusts.
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