Long-term financial plan

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Long-term financial plan

Financial plan covering two or more years of future operations.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
And only 56% of those in the region said they fully understood the implications of recent and ongoing pension reforms and 40% said they do not currently have a long term financial plan.
Finance official Paul Davis said: "The payments are included in the council's long term financial plan. There are some big risks because the numbers in a PS2.7 billion contract are large.
Savings should ideally form part of a long term financial plan aimed to sustain a level of lifestyle, or satisfy a lifetime goal.
The Fed though will not put the future of the club in jeopardy unless they have a long term financial plan in place.
"We'll make savings from moving to one site but these will take time, we have a long term financial plan which always included this period of transition.

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