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Question
which of the following is not a step in developing a financial plan?
identify and evaluate alternative plans that could help you achieve your goals
establish your financial goals
put your plan away for six months to a year and then review it for accuracy
consider your current financial situation
Developing a financial plan typically involves steps like establishing goals, considering the current financial situation, and identifying/evaluating alternative plans. Putting the plan away for six months to a year without regular review (which is usually more frequent than waiting that long initially) is not a standard step.
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Put your plan away for six months to a year and then review it for accuracy.