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Financial Planner

Category - General Principles of Financial Planning

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Which of the following is a volitional change that a client may want you to help manage?

Paying for a child’s education
Inheritance
Retirement
Disability

Explanation

Answer: A - Volitional changes are desired changes, such as paying for a child’s education. Environmental changes are imposed changes, such as disability or inheritance. Life Cycle changes are changes through the major life stages, such as children, pre-retirement, and post-retirement.

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