
What Does It Mean to Have a Comprehensive Financial Plan?
A comprehensive financial plan is specific to you. It includes factors like:
- Individual and family goals (saving for a house or a child’s college education, retiring early, starting a business, and so on)
- Household income and benefits
- Your cash flow
- Your tax situation
- Target retirement date for you and your spouse
- Future earnings and income
- Risk tolerance
- Your time horizon