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Personal financial planning must satisfy four broad categories of personal-finance decisions: consumption and savings, investments, financing, and risk management. Into which category does each of
Personal financial planning must satisfy four broad categories of personal-finance decisions: consumption and savings, investments, financing, and risk management. Into which category does each of the following five examples belong?
- Inability to save properly.
- Need to resolve a debt problem.
- Desire to improve investment returns.
- Desire to retire comfortably on time.
- Discomfort with present risk profile.
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