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

question 59

Essay

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?

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Definitions:

Lower-Level Needs

Fundamental physiological and safety needs in Maslow's hierarchy, such as food, water, and security, that must be satisfied before higher-level needs.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Health Promotion

The process of enabling people to increase control over and to improve their health, through lifestyle and environmental changes.

Wellness Education

Educational activities focused on promoting behaviors that contribute to a healthy lifestyle.