Lesson and Objectives

Reading
Assignment

1. Taking Charge of the Financial Planning Process

Chapter 1

The learning objectives for this lesson are to gain an understanding of:

•  Where you are financially

•  Setting goals

•  Developing a plan

•  Simple record keeping

•  Making an informal budget

•  Dealing with shortfalls, credit, and debt

•  Financial planners

2. Building Wealth to Meet Your Goals

Chapter 2

The learning objectives for this lesson are to gain an understanding of:

•  Retirement plans

•  Savings plans

•  Inheritance and other unexpected windfalls

3. Building Your Wealth Through Investment Planning I

Chapter 3

The learning objectives for this lesson are to gain an understanding of:

•  Setting your financial goals

•  Investment vehicles

4. Building Your Wealth Through Investment Planning II

Chapter 4

The learning objectives for this lesson are to gain an understanding of:

•  Financial markets and concepts

•  Developing an investment strategy

5. Building Your Wealth Through Investment Planning III

Chapter 5

The learning objectives for this lesson are to gain an understanding of:

•  Implementing your strategy

•  Monitoring your investments

6. Building Your Wealth Concluded

Chapter 6

The learning objectives for this lesson are to gain an understanding of:

•  Mutual funds

•  Foreign investments

•  Real estate

•  Gold

•  Investing for retirement

7. Life Insurance

Chapter 7

The learning objectives for this lesson are to gain an understanding of:

•  Life insurance options

8. Other Insurance

Chapter 8

The learning objectives for this lesson are to gain an understanding of:

•  Health insurance

•  Disability insurance

•  Property/casualty insurance

•  Auto insurance

•  Umbrella policies

9. Estate Planning

Chapter 9

The learning objectives for this lesson are to gain an understanding of:

•  How to calculate your estate

•  Objectives

•  How to provide for liquitity

•  Minimizing taxes

•  The importance of periodic reviews

10. Estate Taxes and Deductions

Chapter 10

The learning objectives for this lesson are to gain an understanding of:

•  The valuation of estate property

•  The marital deduction

11. Gift Taxes/Generation-Skipping Transfer Tax

Chapter 11

The learning objectives for this lesson are to gain an understanding of:

•  The advantages of making gifts

•  The generation-skipping transfer tax

12. Sophisticated Estate Planning

Chapter 12

The learning objectives for this lesson are to gain an understanding of:

•  Trusts

•  Asset transfer techniques

13. Estate Liquidity, POA, and Living Wills

Chapter 13

The learning objectives for this lesson are to gain an understanding of:

•  Rasing cash to pay taxes

•  Durable powers of attorney

•  Living wills and health care powers of attorney

•  Periodic review and follow-up

14. Getting Married

Chapter 14

The learning objectives for this lesson are to gain an understanding of:

•  Timeing your marriage from a tax standpoint

•  Integrating Insurance and other benefits

•  Investment planning for couples

15. Raising a Family

Chapter 15

The learning objectives for this lesson are to gain an understanding of:

•  One or two incomes?

•  New costs

•  Investment planning for parents

•  Insurance planning for parents

•  Estate planning for parents

•  Income tax planning for parents

•  Wedding costs

16. Coping with Divorce

Chapter 16

The learning objectives for this lesson are to gain an understanding of:

•  Working with advisors

•  Calculating total assets and liabilities

•  Determining new living expenses

•  Determining the financial planning consequences of alimony

•  Determining the financial planning consequences of child support

•  Determining the financial planning consequences of property divisions

•  Dealing with the investment aspects of divorce

•  Dealing with the retirement planning aspects of divorce

•  Dealing with the insurance aspects of divorce

•  Dealing with the estate planning aspects of divorce

17. Being a Single Parent

Chapter 17

The learning objectives for this lesson are to gain an understanding of:

•  Hidden costs

•  Sources of income

•  Saving for college

•  Financial planning as part of the divorce agreement

•  Property

•  Declaring children as dependents

•  College funds

18. Buying and Selling a Home

Chapter 18

The learning objectives for this lesson are to gain an understanding of:

•  Buying versus renting

•  Financing your home

•  Selecting your home

•  Refinancing your mortgage

•  Selling your home

•  Tax consequences of a home sale

19. Funding a College Education

Chapter 19

The learning objectives for this lesson are to gain an understanding of:

•  Starting early

•  Choosing an affordable college

•  Determining how much you will need

•  Developing a savings program

•  Selecting investments

•  Saving money through your child's tax bracket

•  Borrowing to pay for college

•  Obtaining financial aid and scholarships

20. Taking Advantage of Employment Benefits

Chapter 20

The learning objectives for this lesson are to gain an understanding of:

•  Insurance options

•  Savings opportunities

•  Income tax reduction vehicles

•  Separating from a job

The learning objectives for this lesson are to gain an understanding of:

•  Determining how to start

•  How to create a business plan

•  Deciding which business structure makes sense

•  Using advisors

•  Determining capital sources

•  Using your home as your office

•  Hiring employees

The learning objectives for this lesson are to gain an understanding of:

•  Early adulthood

•  Middle age

•  The later years

The learning objectives for this lesson are to gain an understanding of:

•  Working with advisors

•  Calculating total assets and liabilities

•  Determining new living expenses

•  Duties of an executor or executrix

•  Valuation of estate property

•  Survivor long-term planning

The learning objectives for this lesson are to gain an understanding of:

•  Goals

•  Estimating your retirement expenses

•  Deciding if you want to retire

•  Choosing where to live

•  Health care and other insurance issues

•  Saving and investing for retirement

•  Dealing with Social Security

The learning objectives for this lesson are to gain an understanding of:

•  Risk management

•  Life insurance during retirement

•  Pension maximization

•  Medicare

•  Medigap insurance

•  Private health insurance after retirement

•  Long-term care