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Which one of the following is not one of the five basic steps in personal financial planning?a. evaluate your financial healthb. develop a plan of actionc. define your financial goalsd. implement your plane. let an accountant review your plan

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Answer:

The correct answer is letter "E": let an accountant review your plan.

Explanation:

Personal financial planning is important in order to achieve individual economic goals within an established period of time. The five (5) steps that should be followed for that purpose are:

  • Define the financial objective
  • Collect individual financial information
  • Analyze the individual financial information
  • Develop a financial plan
  • Implement and review the financial plan

The review of the financial plan must be done individually.

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