Long-term financial plan

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Also found in: Acronyms.

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.
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It states: "In previous years we have reported that the council did not have medium or long-term financial plans in place.
Consistent commitment to long-term financial plans is a core aspect of financial discipline.
Hence, finance officers should design financial policies, the budget, and long-term financial plans that encourage decision makers to induct forecasts into their deliberations.
Mark Jones, LV= head of protection, says: "Many families are feeling financial strains, so parents should look beyond the short term and ensure they have suitable budgets and long-term financial plans in place."
"It is a fantastic opportunity for young people to develop their writing skills and at the same time encourages them to think about their long-term financial plans.
Investors without long-term financial plans continue to make five common costly errors, according to members of the Zero Alpha Group (www.zeroalphagroup.com), a nationwide network of independent, fee-only investment advisory firms.
The Financial Service Authority created the information pack - Piling On The Pounds - after research showed women were less likely than men to be paying into a pension or making long-term financial plans.
The Financial Service Authority created the information pack, Piling on the Pounds, after research showed women were less likely than men to be paying into a pension or making long-term financial plans.
You'll need to incorporate all these changes into your long-term financial plans.
At the same time, those who survive face a myriad of expenses that could significantly impact their long-term financial plans. The new Critical Illness Benefit is designed to help provide consumers in this situation with financial security and peace of mind so the primary focus can be on their recovery.
Then seeking out some advice could make a huge difference to your long-term financial plans.

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