What are common factors found in an effective financial plan?
A) Effective financial plans should be flexible to allow for changes in your situation
B) Effective financial plans should provide sufficient liquidity to meet unexpected needs
C) Effective financial plans should provide insurance protection from catastrophic events
D) Effective financial plans should help you minimize paying taxes
E) All of the above are necessary in an effective financial plan
Correct Answer:
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Q1: Which one of the following is not
Q4: Which of the following steps are considered
Q8: Suppose that you just completed your first
Q9: In order for your financial plan to
Q10: Step 3 of the personal financial planning
Q11: The amount of current income that you
Q13: Today,most Americans over the age of 65
Q14: Personal financial planning can help you to
A)deal
Q15: When comparing two different investment opportunities the
Q16: A financial plan is only concerned with
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