Situations in our lives change all the time and our financial plan must adapt with us: requirements for items like insurance, retirement funds, credit management, taxes, and saving/investing; therefore, our financial plan needs to adjust through these changes. Assume you are ten years away from retirement. What would your financial plan look like? What adjustments do you need to consider between now and full retirement age? Once you are retired and living on a fixed income, what adjustments will you have to make at that time? From where you are at this point in your life, how long can your funds last? Explain
Following the 5-step critical thinking problem solving process, determine what you would do in the situation outlined above