Sophia Martin wants to travel around the world. Sophia has three options she can pursue: she could continue to work full time to earn the money she needs for her trip, she could work part time so that she can still earn some money but have the time necessary to complete her trip, or she could take full retirement so that she has all the time necessary to complete her trip. Which step in the financial planning process does this scenario demonstrate?

Multiple Choice

• Determining her current financial situation

• Developing her financial goals

• Identifying alternative courses of action

• Evaluating her alternatives

• Implementing her financial plan