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Lucinda Is Contemplating a Long-Range Planning Strategy That Will Allow

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Lucinda is contemplating a long-range planning strategy that will allow her to defer sizable portions of her income for 10 years. What type of planning strategy is she contemplating? What are some potential risks associated with this type of strategy?


Definitions:

Self-Esteem

A person's personal assessment of their own significance or importance.

Outcomes

The results or effects of an action, situation, or event, often used to evaluate the effectiveness or impact of an intervention.

William James

An American philosopher and psychologist, often referred to as the "Father of American psychology," known for his contributions to pragmatism and functionalism.

The "Me"

The part of an individual's self-concept that is based on self-reflection and how others perceive them.

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