Financial Planning & Risks

Which is NOT a type of Financial Planning?

• Retirement Planning
• Education Planning
• Estate Planning
• Meal Planning

What type of Financial Planning is creating a detailed plan for managing income and expenses?

• Budgeting
• Investing
• Insurance Planning
• Tax Planning

What type of Financial Planning is planning for short-term and long-term goals of keeping a portion of income as well as stock trading strategies?

• Saving and Investment Planning

• Retirement Planning
• Insurance Planning
• Tax Planning

What type of Financial Planning is setting aside funds and making investments to secure a comfortable future, when one is not part of the work-force anymore?

• Retirement Planning
• Education Planning
• Estate Planning
• Tax Planning

What type of Financial Planning is arranging for the transfer of assets and wealth to heirs or beneficiaries after death?

• Retirement Planning
• Tax Planning
• Estate Planning
• Investment Planning

What type of Financial Planning is evaluating and obtaining various types of coverage to manage risks?

• Investment Planning
• Tax Planning
• Retirement Planning
• Insurance Planning

What financial risk is a sudden unemployment or a reduction in income can disrupt financial stability?

• Credit Risk

• Market Risk

• Operational Risk

• Income Risk

What financial risk are medical emergencies, surgeries, or long-term health issues can lead to high healthcare costs?

• Medical and Health Risk

• Investment Risk

• Market Risk

• Operational Risk

What financial risk is limitation for an individual's ability to earn income?

• Market Risk

• Credit Risk

• Operational Risk

• Disability Risk

What financial risk is the loss of a primary breadwinner that can lead to financial difficulties for the surviving family members?

• Market Risk
• Credit Risk
• Premature Death Risk

• Operational Risk