Lynn Roy will retire in the next year and has $675,000 in savings and investments and owns her own home that is worth $250,000.Which step in the financial
Planning process does this situation demonstrate?
A)Determining her current financial situation
B)Developing her financial goals
C)Identifying alternative courses of action
D)Evaluating her alternatives
E)Implementing her financial plan

Question

Quizplus · Accepted Answer

This situation demonstrates the step of determining Lynn Roy's current financial situation, as it provides information about her savings and investments as well as the value of her home.

Lynn Roy Will Retire in the Next Year and Has