Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
1 You are required to keep financial records for a minimum of five years after they are prepared, obtained or the transactions completed (whichever occurs later). 2  Your obligations to keep records for five years continue even if you sell, close, or retire from your business. Your obligations to keep records for five years continue even if you sell, close, or retire from your business. 2  The records need to be in plain English and allow for ease of access should the tax office ever wish to see them.