Question $2($Mandatory$)(1$ point$)$

Pam and Chris Williams were concerned about funding the post$-$secondary

education of their son, Peter, aged $6,$ and met with their personal financial planner,

Paul to develop a plan. Paul helped them to establish what they wanted to acheive

from the plan, collected information about their financial status, analyzed it and

selected a savings plan and funding strategies. After discussing the strategies with

the Williams, the strategies were implemented. But when Peter Williams turned $18$

and wanted to go to University, the Williams realized they only had enough funds for

about half the total cost. What error or omission, if any, did the Williams and Paul

make in their plan?

a$)$ They failed to develop a proper plan

b$)$ They did not make any errors or omissions

c$)$ They failed to monitor the funding level of the plan

d$)$ They failed to set a SMART goal