Question

Lynn Roy wants to travel around the world. Lynn Roy has several options she can pursue. She can continue to work full time to earn the money she needs for her trip. She can work part time so that she can still earn some money but have the time necessary to complete her trip. She can take full retirement so that she has all the time necessary to complete her trip. Which step in the financial planning process does this scenario demonstrate? Question 4 options: Determining her current financial situation Developing her financial goals Identifying alternative courses of action Evaluating her alternatives

Answer 1

Answer is Identifying alternative courses of action 

Lynn Roy has identified the different options that she has in regard to her goal to travel around the world, specifically how much to work. 
She has not evaluated her options against one another, she has simply identified them. Lynn Roy should next weigh the pros and cons of each alternative to arrive at a decision. 

Answer 2

determining her current financial situation would be the correct answer