[Answer] Jim contributes 15% of his earnings to a retirement fund and they have $5 000 in savings. There is a $500 000 life insurance policy on Jim and a $100 000 policy on Jackie.As their financial advisor what part of Jim and Jackie's financial plan would you encourage them to work on?a.They should work on their plan for managing income.b.They should work on their plan for managing their liquidity.c.They should work on their plan for protecting their assets.d.They should work on their plan for protecting their income.

Answer: A

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Jim contributes 15% of his earnings to a retirement fund and they have $5 000 in savings. There is a $500 000 life insurance policy on Jim and a $100 000 policy on Jackie.As their financial advisor what part of Jim and Jackie's financial plan would you encour...

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