8. A young, single client approaches you with $6,000 stating that he would like to develop a financial plan and invest in the market. This is his first experience investing and he would like help choosing an appropriate account. What action would you suggest?

a. Open a brokerage account with Margin b. Open and fund a Roth IRA for current year c. Determine whether the client has any consumer debt d. Determine whether the client has adequate life insurance