Identify the primary reason for the broker’s reassessment of Young’s circumstances. Justify your response.

Young decides to accept the retirement offer. Having very low liquidity needs, she wants to save part of the retirement payout for unforeseen costs that might occur more than a decade in the future. The broker’s view on long-term stock market prospects is positive and recommends additional equity investment.

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Identify the primary reason for the broker's reassessment of Young's circumstances. (Circle one.) Change in goals Change in constraints Justify your response. Change in beliefs