During an annual review with Anna and Lawrence Harvey, a CFP® professional discusses their retirement objectives. Because of weak market performance over the past few years, it appears that they are no longer on track for retirement. How should the CFP® professional best direct discussion of this situation?
- Tell the Harveys that they must increase their monthly savings
- Recommend no changes since the market is likely to recover in the long term
- Discuss alternatives currently available to increase their likelihood of success
- Suggest that they postpone their retirement date until the economy recovers