Business, 23.04.2021 15:50 ghari112345

A new customer, age 45, has been terminated from his assembly-line job of the past 20 years at an automotive parts supplier. During that time period, he has accumulated $124,000 in the company's 401(k) plan. He wishes to rollover the funds to an IRA account with your brokerage firm. This customer, who is an unsophisticated investor, has the entire 401(k) invested in a growth mutual fund and has no other investments. As the representative for this customer, your IMMEDIATE concern should be: A. communicating effectively with an unsophisticated customer in an understandable manner to assess financial goals and risk tolerance
B. setting the investment allocation strategy that should be employed in order to provide sufficient retirement income for this individual
C. creating a financial plan that emphasizes asset preservation and that is likely to provide a prolonged income stream for a prolonged period of retirement
D. minimizing the tax consequences of any recommended transactions to increase the long-term growth potential of investments made

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A new customer, age 45, has been terminated from his assembly-line job of the past 20 years at an au...

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