Question

Key components of financial planning include all of the following except:

A) Write out a detailed plan for accomplishing your goals

B) Replace money myths with money truths

C) Allow your financial planner to make all of your major money decisions

D) Regularly monitor and reassess your financial plan


C

D

A

B

Answer 1

C) Allow your financial planner to make all of your major money decisions.

Explanation: Financial planning should be collaborative — you set goals, create and document a plan, replace myths with facts, and regularly monitor/reassess. Letting the planner make all decisions removes your control and responsibility.