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Long-Term Financial Plan |
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Long-term financial plan Financial plan covering two or more years of future operations. Long-Term Financial Plan An investment plan or strategy with a term of usually longer than one year. A long-term financial plan involves more uncertainty than anything short-term because, typically, market trends are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to enjoy financial security in retirement. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This way, the consequences of a 'bubble burst' will not greatly affect their long-term financial plan and financial security. There seemed to be little opportunity to create a long-term financial plan as the Delts focused their energy and financial resources on basic family necessities. Practical steps are presented on how to build a solid long-term financial plan that addresses every level of your finances from budgeting and insuring to investing and taxes. |
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