Suppose you have just retired, have accumulated many luxury goods over the years, still owe a mortgage on your home, still ha

Question

3 years ago

10

Suppose you have just retired, have accumulated many luxury goods over the years, still owe a mortgage on your home, still ha

ve unpaid travel expenses on your credit cards, and have helped your adult children financially. Your spouse has recently passed away, and you miss his/her contribution to the household income. Which step in the personal financial planning process have you neglected?

Business

1 answer:

Pavlova-9 [17] · Answer 1 · 2022-07-06T12:54:24+03:00

Answer:

review your progress, reevaluate, and revise your plan

Explanation:

Based on the information provided within the question it can be said that in this scenario the step that you have completely neglected is to review your progress, reevaluate, and revise your plan. That is because in this scenario many events have occurred, and it seems that your financial plan after retirement has not been adjusted with each and every one of these life events. Therefore it is outdated and most likely not providing the benefits it once did.

Suppose you have just​ retired, have accumulated many luxury goods over the​ years, still owe a mortgage on your​ home, still ha

Suppose you have just retired, have accumulated many luxury goods over the years, still owe a mortgage on your home, still ha