PFIN 7:STUDENT EDITION-TEXT
7th Edition
ISBN: 9780357033616
Author: Billingsley
Publisher: CENGAGE L
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Question
Chapter 1, Problem 3LO
Summary Introduction
To discuss: Life cycle of financial plans and their role in attaining financial goals.
Summary Introduction
To discuss: Ways to deal with special planning concerns and use of professional financial planners.
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Students have asked these similar questions
Define the financial planning process.
List the elements of a good financial plan.
Explain why financial planning is important and why regular review meetings with the financial planner are necessary.
What is the relationship between strategic planning and financial planning? How do you do strategic planning and financial planning for your own personal finances?
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Similar questions
- Which of the following statements constitutes a definition of a financial plan? Group of answer choices Results that an individual wants to attain 2. A roadmap for achieving financial goals 3. Redefining your financial goals 4. Setting a goal datearrow_forwardReview the material in Chapter 1 on Personal Financial Planning. Define the financial planning process List the elements of a good financial plan. Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.arrow_forwardIdentify some investment objectives. Discuss the role that investing plays or could play in a financial plan.arrow_forward
- For each of the following categories of information required for a comprehensive financial plan, describe in your own words the information that must be gathered: o Retirement Planning o Estate Planning o Risk Management o Employee Benefits o Family Planning o Educational Planningarrow_forwardChoose the correct option A major activity in the planning component of financial planning is: a. selecting insurance coverage b. evaluating investment alternatives.c. gaining occupational training and experience. d. allocating current resources for spending e. establishing line of creditarrow_forwardAssess your organization's financial strategy's goals for financial management and the involvement of various stakeholders.arrow_forward
- Discuss the concept of first principal designs in the development of financial servicesarrow_forwardProfessional financial planners should Multiple Choice A inform the client about the outcome of the plan. B assess their client's risk-and-return requirements on a one-time basis, explain the investment plan to the client, and inform the client about the outcome of the plan. C explain the investment plan to the client. D assess their client's risk-and-return requirements on a one-time basis. E explain the investment plan to the client and inform the client about the outcome of the plan.arrow_forwardWhat financial tools can help you make better financial decisions?arrow_forward
- Personal financial management topics.( Investment) Paragraph should include topic, why you feel this was helpful and how this information will help you in the futurearrow_forwardEvaluate a business risk using insurance as a risk management tool. Then, discuss the main components of an investment analysis report and how risk management fits into it.arrow_forwardState how financial statement can facilitate sound financial analyst. Provide a concrete example.arrow_forward
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