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?

A. Determining her current financial situation

B. Developing her financial goals

C. Identifying alternative courses of action

D. Evaluating her alternatives

"Lynn Roy wants to travel around the world. Lynn Roy has several options she can pursue." The step in the financial planning process that this scenario demonstrates is " Identifying alternative courses of action". Option C. This is further explained below.

What is financial planning?

Generally, financial planning is simply defined as In financial planning, the needed capital is estimated and its competitiveness is determined.

In conclusion, This example illustrates a phase in the financial planning process known as "Identifying alternative options."