#1. What is the importance of defining goals for an individual’s financial plan.  What does it  mean that goals should be S.M.A.R.T?

Questions must be answered in 75 words #1. Chapter 1 – What is the importance of defining goals for an individual’s financial plan. What does it mean that goals should be S.M.A.R.T? #2. Chapter 7

Questions must be answered in 75 words

#1. What is the importance of defining goals for an individual’s financial plan.  What does it  mean that goals should be S.M.A.R.T?

#2. Describe the technique and advantages of a laddering strategy.

#3. What is the purpose and benefit of a homeowner’s umbrella policy?

#4. What is the importance of determining an investor’s  risk tolerance and what are the factors that will determine their tolerance for risk?

#5. What should the investor consider when investing in foreign securities?  What are the risks associated with foreign securities?