Question

Choose all that apply. Select all the parts in a financial plan. net worth statement savings account financial goals savings and investing plan insurance plan checkbook register budget

Answer 1

There are eight components for financial planning and these are the following:

- Cash flow management

- Investment management

- Tax planning

- Tax – deferred investment environments

- Insurance assessment

- Estate planning

- Business succession planning

- Revisiting your written financial plan regularly

So from the choices, we can say that these are the following answers”:

- Net worth statement
- financial goals
- budget
- savings and investing plan
- insurance plan