Long-Term Financial Planning

B

The correct answer is B. Long-term goals.

Long-term goals are financial plans that require a longer period, typically more than five years, to accomplish. These plans usually involve significant amounts of money and require careful planning and regular monitoring to ensure success. Long-term goals can include saving for retirement, buying a home, paying for a child's education, or starting a business.

Opportunity plans, on the other hand, refer to investments that present potential benefits or advantages. These types of plans are often short-term in nature and carry a higher level of risk.

Intermediate goals refer to financial plans that are shorter-term than long-term goals, usually between one to five years. These goals may include saving for a down payment on a home, paying off high-interest debt, or saving for a vacation.

Attainable goals are financial plans that are realistic and achievable within a specific timeframe. These goals may include paying off a credit card balance, establishing an emergency fund, or saving for a small purchase.

In summary, long-term goals are financial plans that require a longer period to accomplish, typically more than five years. Intermediate goals are shorter-term plans, usually between one to five years. Attainable goals are realistic and achievable financial plans. Opportunity plans refer to investments that present potential benefits or advantages.