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Assignment For Personal Finance-client Scenario?

Question by tcz | Posted in Personal Finance

Client Scenario
Paul is a 45 year old single parent with a 5 year old son, Tom. He is a head chef in a CBD located restaurant. He loves his job as it pays reasonably well and gives him the opportunity to create his own dishes, which he really enjoys. For a number of years he has been collecting recipes and even had one of them published in the Australian Women’s Weekly Best Ever Recipes book.
Being the head chef already, Paul does not really have any prospects for further advancement within the current organisation. Paul has no immediate plans to change jobs and will be quite happy staying in the same role up until his planned retirement. Paul would like to retire in 15 years,

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