A financial plan should be
A)prepared when you graduate from college and carefully followed thereafter without changes.
B)prepared when you graduate from college and carefully followed until you retire when you will no longer need one.
C)prepared when you graduate from college and reviewed/adjusted as events such as marriage,job changes,birth of children,and retirement necessitates.
D)done only in a rough outline as it will change too often to make anything more detailed feasible.

Question

Quizplus · Accepted Answer

A financial plan should not be a one-time activity but a lifelong process. Life events such as marriage, job changes, birth of children, and retirement will necessitate a review and adjustment in the financial plan. It is crucial to reassess and make changes to the plan as needed to ensure it aligns with one's financial goals and aspirations.

A Financial Plan Should Be