Question

Janine, age 55, is planning to retire in 10 years. her cash flow and net worth are steadily increasing as her debt is decreasing. based on where she is in the financial life cycle, she is likely to have which of the following goals?

a) short-term goals, such as protection and maintenance of current lifestyle
b) long-term goals, such as estate planning and preservation of capital
c) long-term goals, such as investing for retirement
d) short-term goals, such as saving for a down payment on a home

Answer 1

Janine is likely to have long-term goals, such as investing for retirement.

Step-by-step explanation:

Based on where Janine is in the financial life cycle, she is likely to have long-term goals, such as investing for retirement. As she is planning to retire in 10 years, it suggests that she is in the later stage of her life cycle, where she would focus on building wealth and securing her financial future. Short-term goals, such as saving for a down payment on a home, are more typically associated with individuals in the earlier stages of their financial life cycle.