Question 1
As time passes, your financial position and goals are likely to change so you will need to revise your financial plan.
◦ true
◦ false
Question 2
A financial plan should be
◦ prepared when you graduate from college and carefully followed thereafter without changes.
◦ prepared when you graduate from college and carefully followed until you retire when you will no longer need one.
◦ prepared when you graduate from college and reviewed/adjusted as events such as marriage, job changes, birth of children, and retirement necessitate.
◦ prepared only in a rough outline as it will change too often to make anything more detailed feasible.