What does Danny's request for a savings plan for his daughter's education indicate?

Danny's request for a savings plan for his daughter's education indicates an explicit need. An explicit need is clearly and directly stated; it represents a specific and articulated requirement that someone has. In this case, Danny has directly expressed the desire to save for his daughter's education, making his need clear and specific. This direct expression allows financial professionals to understand and respond appropriately to his situation, demonstrating a need for a concrete action plan.

In contrast, an implicit need would suggest that the individual has a requirement that is not directly expressed, and a vague need would imply a lack of clarity about what is actually needed. An acute need often refers to a situation requiring immediate action or addressing urgent circumstances, which is not applicable here since Danny is requesting a savings plan for future education expenses rather than an immediate solution. Therefore, the accurate identification of his explicit need facilitates the development of a plan to help him achieve his goal for his daughter's educational future.