Title: Identify financial needs throughout the life cycle.
Course: Life Planning (19257-36) > Section: Developing a Plan for Financial Sustainability

Identification should include an assessment of how age, health, employment, and family obligations affect financial needs at different stages of the life cycle.

Process/Skill Questions:

Thinking

- What types of life transitions are going to affect your financial plans?
- What are some advantages and disadvantages of life transitions that impact a financial plan?
- Why does a young family need an estate plan?

Communication

- Why is it important to create a power of attorney?
- What are the advantages of communicating your financial goals to other family members?

Leadership

- How can you help family members make sound financial plans?
- How could you empower all members of the family to be involved in financial planning?

Management

- How can you use problem solving to address financial changes throughout the life cycle?
- What are the benefits of anticipating life changes when formulating a financial plan?