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At what point in the process of working with a financial planner do you establish the goals you are trying to meet?

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In the beginning

After a financial plan has been made

Toward the end

In the beginning. Setting your goals must be done at the beginning. Otherwise, your planner won't know what kind of plan to craft.

Financial planning exists to help us become rich.

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True

False

False. Not everyone wants to get rich. But everyone wants to achieve their life goals, which is what financial planning is for.

All financial planners offer the same types of services.

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True

False

False. The services a planner offers can vary greatly among planners.

Where can you find financial planners?

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In their own private practices

At financial services companies

At your bank or credit union

All of the above

All of the above. Financial planners can be found in any of these locations.

A commission is usually a fixed rate.

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True

False

False. A commission is an amount paid to an agent as compensation for executing a transaction. Commissions are usually a percentage of the amount you invest in a product.

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