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IFSE Institute CIFC Exam - Topic 5 Question 22 Discussion

Terri, 30 years old, is the marketing manager at Provincial Winery with an average annual income of $60,000. Her spouse Yvette, 28 years old, is a project manager with a telecommunications firm earning$70,000 per year. You are helping them to organize their investments and are trying to assess their financial resources.Which of the following is the best question to ask?
B) Do you have pension plans at work?
A) Do you have any children?
C) When do you need the money?
D) What is your investment experience?

IFSE Institute CIFC Exam - Topic 5 Question 22 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 22
Topic #: 5
[All CIFC Questions]

Terri, 30 years old, is the marketing manager at Provincial Winery with an average annual income of $60,000. Her spouse Yvette, 28 years old, is a project manager with a telecommunications firm earning

$70,000 per year. You are helping them to organize their investments and are trying to assess their financial resources.

Which of the following is the best question to ask?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Gayla at Jul 02, 2026, 03:24 PM

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Harrison
2 days ago
Agreed! Knowing when they need the money helps plan better.
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Brandee
8 days ago
I think option C is key. Timing matters!
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Georgeanna
13 days ago
I’m surprised no one mentioned their debts. That’s important too!
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Melodie
18 days ago
Wait, how do we know their investment experience? That’s key!
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Lonny
23 days ago
A seems irrelevant. Kids don’t affect investment decisions directly.
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Berry
28 days ago
I think B is crucial too. Pension plans can impact their future.
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Ronna
1 month ago
C is definitely the most important question! Timing matters.
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Jina
1 month ago
I’ve seen similar questions before, and I think understanding their pension plans could help gauge their overall financial picture, but I’m torn between that and their investment timeline.
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Tyra
1 month ago
I feel like knowing if they have children could impact their financial goals, but I’m not confident it’s the best starting point here.
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Pearly
2 months ago
I remember a practice question where timing was key, so "When do you need the money?" seems like a strong option to me.
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Colette
2 months ago
I think asking about their investment experience could be crucial, but I'm not entirely sure if it's the most important question right now.
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