IFIC Mutual Funds Licensing Practice Exam · Question
A financial advisor is discussing investment strategies with a 28-year-old client who has no dependents, a stable job, and plans to save for retirement, which is approximately 35-40 years away. This long-term retirement goal is a key factor when assessing the client's:
The 35-40 year period until retirement is a direct indication of the client's investment time horizon, which influences suitable asset allocation and risk level
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Question: A financial advisor is discussing investment strategies with a 28-year-old client who has no dependents, a stable job, and plans to save for retirement, which is approximately 35-40 years away. This long-term retirement goal is a key factor when assessing the client's:
Answer options:
- Investment Objectives
- Income Needs ✅ Time Horizon
- Life Stage
Correct answer: Time Horizon
Explanation: The 35-40 year period until retirement is a direct indication of the client's investment time horizon, which influences suitable asset allocation and risk level.
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