Read the situation described below and answer the questions that follow.
Jeremiah, an accountant, and Bethany just returned from their honeymoon in the Bahamas. They celebrated their marriage and the completion of Bethanyâs Masters of Business Administration (M.B.A.) program. They have been encouraged by their parents to establish some personal and financial goals for their future. However, they do not know how to set or achieve these goals. They know that they would like to own their own home and have children, but those are the only goals they have considered. Jeremiah knows of a financial advisor who might be able to help with their predicament, but they donât think they can afford professional help.
You make the call. If you were serving as the coupleâs financial advisor, how would you explain the five steps in the financial planning process and their importance to future financial success? What financial goals (short term, intermediate term, and long term) would you determine to be the most important, or least important, to Jeremiah and Bethany, considering their current life cycle stage? Support your answer. (This paragraph must be at least 5-7 sentences.)
Read the situation described below and answer the questions that follow.
Jeremiah, an accountant, and Bethany just returned from their honeymoon in the Bahamas. They celebrated their marriage and the completion of Bethanyâs Masters of Business Administration (M.B.A.) program. They have been encouraged by their parents to establish some personal and financial goals for their future. However, they do not know how to set or achieve these goals. They know that they would like to own their own home and have children, but those are the only goals they have considered. Jeremiah knows of a financial advisor who might be able to help with their predicament, but they donât think they can afford professional help.
You make the call. If you were serving as the coupleâs financial advisor, how would you explain the five steps in the financial planning process and their importance to future financial success? What financial goals (short term, intermediate term, and long term) would you determine to be the most important, or least important, to Jeremiah and Bethany, considering their current life cycle stage? Support your answer. (This paragraph must be at least 5-7 sentences.)
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