Based on the Life Cycle of Financial Planning, When Would

question 24

Multiple Choice

Based on the Life Cycle of Financial Planning, when would be a good time to review and possibly adjust an effective financial plan?

• A) a really effective financial plan doesn't need to be adjusted.
• B) when you get married
• C) when you have children
• D) when the stock market goes up
• E) both B and C are correct answers

---

Definitions:

Recall

The act of retrieving information or memory from the past, which can vary in effort depending on how the information was encoded and stored.

Decay

The process of gradual deterioration or the breakdown of organic matter resulting from natural physical or chemical processes.

Memories Traces

Theoretical constructs representing the physical and psychological evidence of memories stored in the brain.

Forgetting Theories

Various explanations and models proposed to understand the process and reasons behind the loss of information from memory over time.