Which component of comprehensive financial planning priority

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Problem

Sarah and Michael, a couple in their early 30s, recently had their first child. They have stable jobs with a combined income of $120,000 annually. They have been saving sporadically but now want to create a structured financial plan. They are concerned about balancing immediate needs like childcare with long-term goals like retirement and college funding. They have approached a financial planner for guidance. Get the instant assignment help. Which component of comprehensive financial planning should the financial planner prioritize first when working with Sarah and Michael?

Reference no: EM134025235

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