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The four stages of a comprehensive financial plan are:

  1. Goal Setting: Clearly defining financial objectives, such as retirement, education, or major purchases.
  2. Data Gathering: Collecting relevant financial information, including income, expenses, assets, and liabilities.
  3. Plan Development: Creating a tailored strategy to achieve the established goals, incorporating investment, tax, and risk management strategies.
  4. Implementation and Monitoring: Putting the plan into action and regularly reviewing and adjusting it to ensure it remains aligned with changing circumstances and goals.
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1w ago

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