A vital part of the financial planning process is the regular monitoring and adjustment of the plan. Any plan is based on a variety of assumptions about the future. No plan can be completely accurate because there are too many variables and unknowns that will affect the actual results. The plan is a benchmark that the client can use to measure whether he or she is still on the right path. Regular monitoring and adjustment should help ensure that the client does not stray too far from the path and risk financial catastrophe.
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