What elements are found in an effective financial plan?
A)Flexibility to allow for changes in your situation
B)Sufficient liquidity to meet unexpected needs
C)Insurance protection from catastrophic events
D)Helps you legally reduce the amount of taxes you owe
E)All of the above

Question

Quizplus · Accepted Answer

An effective financial plan should include flexibility to allow for changes in your situation, sufficient liquidity to meet unexpected needs, insurance protection from catastrophic events, and help you legally reduce the amount of taxes you owe. All of these elements work together to ensure that your financial plan is comprehensive and able to adapt to changes in your life.

What Elements Are Found in an Effective Financial Plan