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Options
- A
Determination of risk profile
-
Estimating the amount required for a major life event
Correct answer
- C
Determining asset allocation
- D
All of the above
Why this is the answer
The first step in financial goal setting involves identifying and estimating the amount of money required for major life events, such as retirement, education, or buying a home. This allows individuals to plan how to allocate their resources effectively to meet these goals. Determining risk profile and asset allocation are subsequent steps in the planning process.
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