A crisp Friday morning finds you at the Miramichi City Market, surrounded by bustling vendors and the

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Question:

A crisp Friday morning finds you at the Miramichi City Market, surrounded by bustling vendors and the comforting aroma of fresh seafood. Emma, the ever-enthusiastic client relationship manager, is meeting with one of Financial Architects Inc.'s long-standing clients, Jean-Paul. A retired teacher and an avid fly fisherman, Jean-Paul has entrusted his retirement funds with the firm for over 15 years. Recently, Jean-Paul's portfolio experienced a significant 20% downturn due to unexpected market fluctuations. His yearly dividend income, which was projected at $30,000, is now expected to fall to $21,000. To add to the complexity, Jean-Paul's investment portfolio is 70% concentrated in equities, which have been particularly affected by the market downturn. With Jean-Paul's retirement lifestyle potentially at stake, Brian and Mark are called to re-evaluate his investment strategy. They aim to balance Jean-Paul's need for income and his risk tolerance, considering his age and the current economic climate. Mark's strategic mindset and Brian's financial planning genius will need to collaborate and devise a plan to mitigate the effects of the market downturn on Jean-Paul's investment portfolio. WIL PROJECT This is where your expertise comes into play.

As the consultants, you need to analyze Jean-Paul's situation, taking into account his financial