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CFP® Practice Question of the Week: Investments

A young, single client approaches a CFP® professional with $5,000 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 is the CFP® professional’s most appropriate course of action?

A) Open a brokerage account with margin

B) Open and fund a Roth IRA for the current year

C) Determine whether the client has any consumer debt

D) Determine whether the client has adequate life insurance