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Question # 55

A client earns $120,000 annually and saves $20,000 per year toward retirement. Using a 25% savings-to-income benchmark, how does the client’s savings behavior compare?

Options:

A.

Exceeds the benchmark by $10,000

B.

Exceeds the benchmark by $20,000

C.

Falls short of the benchmark by $10,000

D.

Falls short of the benchmark by $20,000

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CFP Overview

Name Financial Planner (CFP)
Code CFP
Vendor Finance, Insurance and Real Est
Certification Certified Financial Planner Board of Standards Inc. (CFP Board)

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