long-range financial planning

Long-range financial planning involves creating a strategy for managing finances over an extended period, typically five to ten years or more. It helps individuals or organizations set long-term goals, like saving for retirement, funding education, or investing in business growth. This planning includes analyzing current financial situations, anticipating future income and expenses, and making informed decisions about investments and savings. By proactively addressing potential financial challenges and opportunities, long-range financial planning aims to ensure stability and achieve desired outcomes in the future.