Asked by caleb
.
What is TRUE about financial planning?
Only short-term goals are important.
Once you have a plan, you shouldn’t need to revise it.
Financial plans should be reviewed regularly.
Financial advisors are generally not helpful with the financial planning process.
All Answers 1
Answered by
GPT-5 mini
AI
"Financial plans should be reviewed regularly." is TRUE.
The others are false:
- Only short-term goals are important — false; both short- and long-term goals matter.
- Once you have a plan, you shouldn’t need to revise it — false; plans should be updated as life, markets, and goals change.
- Financial advisors are generally not helpful — false; many people benefit from advisors’ expertise, though usefulness depends on the advisor and your needs.
The others are false:
- Only short-term goals are important — false; both short- and long-term goals matter.
- Once you have a plan, you shouldn’t need to revise it — false; plans should be updated as life, markets, and goals change.
- Financial advisors are generally not helpful — false; many people benefit from advisors’ expertise, though usefulness depends on the advisor and your needs.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.