A financial action plan is a difficult plan to execute. It is important to have a qualified professional walk through your needs with you, including but no limited to, retirement plans, risk tolerance, return goals and more. One of the most important things to consider is the liquidity of your financial action plan. Will you be needing cash in the near term to care for yourself. If you are a younger person, then it is likely that health concerns will not be part of you financial action plan. However, for elderly residents, this is the number one consideration, and you should be prepared to cover anything that medicare or medicaid will not cover.