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A financial plan is a comprehensive evaluation of an individual's current and future financial state.
Certain individuals such as business owners, investors, and individuals with complex financial situations are required to file a financial plan.
To fill out a financial plan, one must gather all financial information, set financial goals, and create a detailed plan to achieve those goals.
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Details of income, expenses, assets, liabilities, investments, and financial goals must be reported on a financial plan.
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