Based on the Life Cycle of Financial Planning,when would be a good time to review and possibly adjust an effective financial plan?
A)A really effective financial plan doesn't need to be adjusted.
B)When you get married
C)When you have children
D)When the stock market goes up
E)Both B and C are correct answers.

Question

Quizplus · Accepted Answer

Getting married and having children are both major life events that can greatly impact your financial situation. Therefore, it is important to review and possibly adjust your financial plan to ensure that it aligns with your current goals and needs. A really effective financial plan can always be improved and adjusted over time to account for changing circumstances. The stock market going up may also prompt a review of your financial plan, but it should not be the only factor considered.

Based on the Life Cycle of Financial Planning,when Would Be