5. Evaluation of the financial plan on a regular basis to see if it effectively meets the individual's goals and objectives. 6. Field of personal finance that includes risks of liability, property, death, disability, health, and long-term care. 7. Analysis of cash flows to come up with investment plans that will meet the costs of retirement in the future is involved in this area of personal finance. 8. Area of personal finance that includes an understanding of personal resources by checking an individual's net worth and cash flow. 9. Planning for the disposition of one's assets after death.
5. Evaluation of the financial plan on a regular basis to see if it effectively meets the individual's goals and objectives. 6. Field of personal finance that includes risks of liability, property, death, disability, health, and long-term care. 7. Analysis of cash flows to come up with investment plans that will meet the costs of retirement in the future is involved in this area of personal finance. 8. Area of personal finance that includes an understanding of personal resources by checking an individual's net worth and cash flow. 9. Planning for the disposition of one's assets after death.
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:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter1: Understanding The Financial Planning Process
Section: Chapter Questions
Problem 3LO
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