Answer the following questions using complete sentences. Upload a file or type directly into the text box below.

1. List and define the eight approaches to financial planning analysis and recommendations.
2. List the three phases of the life cycle approach.
3. What are some of the questions that an income statement pie chart will answer?
4. What are some of the questions that a balance sheet pie chart will answer?
5. What is an advantage to using the pie chart approach with clients?
6. What are the liquidity ratios used in the financial statement and ratio analysis approach?
7. Discuss the difference between discretionary and non-discretionary cash flows.
8. List the four debt ratios used in the financial statement and ratio analysis approach.
9. Discuss the average savings rate for retirement funding and the average retirement withdrawal rate.
10. List the common performance ratios used in the financial statement and ratio analysis approach.
11. Why is the present value approach easy to understand at the completion of the analysis?
12. Discuss the usefulness of the metrics approach.
13. What is the usefulness of the cash flow approach to financial planning?
14. Define the strategic approach to financial planning.
15. Discuss whether capital gains, dividends, interest, and other portfolio income should be part of the savings ratio.