What are the two default goals in the Basic Facts for all clients?

What are the two default goals in the Basic Facts for all clients?

• A. Retirement and Leave to Heirs
• B. Education and Travel
• C. Mortgage Payoff and Legacy
• D. Start a Business and Save for College

Answer: (A)

The main idea here is that every client’s Basic Facts starts with two universal goals that set the foundation for planning: retirement and leaving wealth to heirs. Retirement is included because most people need to plan how to replace earnings and fund a secure lifestyle once they’re no longer working, accounting for factors like longevity, inflation, and healthcare. Leaving wealth to heirs is included because most clients want a strategy for transferring assets to loved ones efficiently and tax-effectively after death, which drives decisions about saving, investing, and estate planning. Other options may reflect important personal priorities, but they aren’t treated as universal defaults for all clients. Education, travel, paying off a mortgage, starting a business, or saving for college are common goals, but they depend on individual circumstances and preferences, so they aren’t the baseline starting points in Basic Facts.

The main idea here is that every client’s Basic Facts starts with two universal goals that set the foundation for planning: retirement and leaving wealth to heirs. Retirement is included because most people need to plan how to replace earnings and fund a secure lifestyle once they’re no longer working, accounting for factors like longevity, inflation, and healthcare. Leaving wealth to heirs is included because most clients want a strategy for transferring assets to loved ones efficiently and tax-effectively after death, which drives decisions about saving, investing, and estate planning.

Other options may reflect important personal priorities, but they aren’t treated as universal defaults for all clients. Education, travel, paying off a mortgage, starting a business, or saving for college are common goals, but they depend on individual circumstances and preferences, so they aren’t the baseline starting points in Basic Facts.