Suppose You Have Just Retired,have Accumulated Many Luxury Goods Over

question 26

Multiple Choice

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

• A)Develop your financial health.
• B)Define your financial goals.
• C)Develop a plan of action.
• D)Implement your plan.
• E)Review your progress,reevaluate,and revise your plan.