Syllabus
The following is the outline for the course. The comprehensive workbook will provide the basis for creating each piece of the students plan as well as serving as a reference for future use. (A materials fee will be charged for the workbook in addition to the cost of the course.)
Overview and introduction
Review a complete plan
Describe the financial planning process
Internal and External Analysis
Describe the key elements of internal and external analysis
Identify key economic/market indicators
Describe their impact on personal finances
Personal Financial Statements
Create a Personal Financial Statement
Analyze key ratios of personal financial statements
Time Value of Money
Solve various TVM problems
Apply TVM to personal financial situations
Investments
Describe different investments
Explain the advantages and disadvantages
Explain the different options when selecting an investment strategy
Create an investment policy statement
Retirement
Review the different types of retirement plans
Analyze the options for saving for retirement
Calculate the amount required for retirement
Create a plan for retirement
Insurance
Describe different types of insurance
Explain the key things to look for with each type of insurance
Create an insurance plan
Taxes
Identify the elements of a personal income tax form.
Explain the effect taxes have on investments
Identify key tax savings strategies
Estate Planning
Describe the different types of estate plans
Explain the tax consequences of the various options
Assess the common documents in the estate planning process.
Create a basic estate plan
Completing the Plan
Recall knowledge gained.
Review the parts of a complete financial plan.
Assemble the final project and creating a cohesive plan
Review list of things to do.