retirement plan group 13 - a What do we know 1 2 3 4 5 Bob has a high primary salary which increased 4 to 15 over the last 12 years As a second

retirement plan group 13 - a What do we know 1 2 3 4 5...

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a. What do we know? 1 as a high primary salary, which increased 4% to 15% over the last 12 2 3 4 5 Both his mom and mother-in-law have a moderate net worth around b. What can we assume? c. What could the results look like? 1 He could either accomplish or fail at achieving his goals 2 3 He is putting too much into his savings, which is a good thing 4 5 d. What information can be brought to bear? 1 Bob would like to retire by the time he is 60 to 65 2 He wants to travel extensively with his wife after retirement 3 He wants his daughters tuition fully paid for 4 e. What can we ask the client? 1 What changes are you expecting to arise in the future? 2 3 What are your financial concerns? 4 How much are your mortgage payments? 5 What does a modest lifestyle look like to you in terms of income? 6 Are there any other goals you have not stated? 7 Are you expecting to get any sort of pension? f. Are there any similar situation or problems? 1 2 As a second source of income, Bob earns $10,000 to $20,000 per year from consulting, executive education, and other activities.

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