11.1.1 Planning through your life

Your financial needs and goals are not a fixed destination—they will change through your life. Yet they remain key to financial planning. When you know what goals you want to work toward, you can take the steps that will move you forward, and you’ll be in a stronger position to achieve the next goal you choose. And with a plan, you can reduce distractions and expensive wrong directions.

Consider the cases below:

New graduate

Approaching retirement

Planning for education

Getting into the music business