IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 10 Topic 2 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 10 Topic 2 Discussion

LLQP Exam Topic 2 Question 10 Discussion:
Question #: 10
Topic #: 2

(Suzie began her career with a large law firm five years ago. She earns an excellent income and saves $5,000 annually through a financial advisor. Her advisor placed her in a conservative fund within a TFSA. Suzie wanted to save for retirement and maximize tax deductions.

Based on this information, what conclusion can be drawn about Suzie’s savings program?)


A.

It is adequate.


B.

It is not adequate: an RRSP would have been better than a TFSA.


C.

It is not adequate: it should at least be better diversified.


D.

It is not adequate: it should be better protected from potential creditors.


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