Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN: 9780357033609
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 4FPE
Summary Introduction
To discuss: Life cycle of financial plans and their role.
Life cycle of financial plans places all client’s financial activity into different stages. Retirement acts as a final phase in the financial life cycle.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Identify some investment objectives. Discuss the role that investing plays or could play in a financial plan.
Define the financial planning process.
List the elements of a good financial plan.
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 date
Chapter 1 Solutions
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Knowledge Booster
Similar questions
- What are the essential components of financial plan.arrow_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_forwardPersonal financial management topics.( Investment)arrow_forward
- 1. What is a financial plan? A. A document containing a person's current money situation and long-term monetary goals. B. A plan that reflects the individual's personal and family situations, risk tolerance, and future expectations. C. The plan starts with a calculation of the person's current net worth and cash flow and ends with a strategy. D. All of the abovearrow_forwardDefine financial advisor.arrow_forwardWhat is the relationship between strategic planning and financial planning? How do you do strategic planning and financial planning for your own personal finances?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Pfin (with Mindtap, 1 Term Printed Access Card) (...FinanceISBN:9780357033609Author:Randall Billingsley, Lawrence J. Gitman, Michael D. JoehnkPublisher:Cengage LearningAuditing: A Risk Based-Approach to Conducting a Q...AccountingISBN:9781305080577Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:South-Western College Pub
Pfin (with Mindtap, 1 Term Printed Access Card) (...
Finance
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub