Suche senden
Hochladen
2.01 fefe life_cycle_financial_planning_p_pt
•
5 gefällt mir
•
1,996 views
D
DudleyDoright
Folgen
Wirtschaft & Finanzen
Business
Melden
Teilen
Melden
Teilen
1 von 21
Jetzt herunterladen
Downloaden Sie, um offline zu lesen
Empfohlen
Life Cycle of Financial Planning
Life Cycle of Financial Planning
Dhanashri Academy
Life cycle of financial planning 1.11.2.g1
Life cycle of financial planning 1.11.2.g1
crystalpullen
Financial Planning for Second Half of Your Life
Financial Planning for Second Half of Your Life
Barbara O'Neill
Pakistan government debt
Pakistan government debt
ShahWazir1
Financial Literacy Presentation
Financial Literacy Presentation
gapcafe
MANAGING FAMILY INCOME
MANAGING FAMILY INCOME
Gracila Mcforest
Topic 9 fin.planning
Topic 9 fin.planning
fishie88
Sustainability of public debt presentation. (1)
Sustainability of public debt presentation. (1)
Devender Singh Saini
Weitere ähnliche Inhalte
Was ist angesagt?
Economics:Public Debt
Economics:Public Debt
St Mary's College,Thrissur,Kerala
Money Talk Series: STEP Program
Money Talk Series: STEP Program
Dina Bicking
Fy 2012 6 month financial report presentation final
Fy 2012 6 month financial report presentation final
cityofevanston
Group 2 eco
Group 2 eco
ABHISHEK JAISWAL
FEFE Setting Financial Goals_power_point_2.1.4.g1
FEFE Setting Financial Goals_power_point_2.1.4.g1
Gina Pixler
External Debt Management
External Debt Management
Peeyush Sahu CAPM®
External debt of india
External debt of india
Saloni Sanghani
Session iv 20161103 ceo forum of wfdfi2016-dbj_harada
Session iv 20161103 ceo forum of wfdfi2016-dbj_harada
The World Federation of Development Financing Institutions
Presentation - Investor relations final q1 2018
Presentation - Investor relations final q1 2018
sarmad haddad
External debt
External debt
Shubham Rai
Fiscal Imbalance and Deficit Financing
Fiscal Imbalance and Deficit Financing
hjalan30
Weekly market review feb 22, 2013
Weekly market review feb 22, 2013
Franklin Templeton India
Pre 30 June Checklist 2012
Pre 30 June Checklist 2012
Bonifanth
Pre 30 June Checklist 2012
Pre 30 June Checklist 2012
rylancet
External debt in India & other emerging economies
External debt in India & other emerging economies
Taru Bakshi
Philippine Debt crisis
Philippine Debt crisis
CRYSLER TUMALE
Changing dynamics of public borrowings and public expenditure
Changing dynamics of public borrowings and public expenditure
Pratima Patir
Budjet deficit of Bangladesh 2016-17
Budjet deficit of Bangladesh 2016-17
Jasfia Khanam Fama
Budget, deficit and deficit financing
Budget, deficit and deficit financing
SUNEHA SHARMA
Was ist angesagt?
(19)
Economics:Public Debt
Economics:Public Debt
Money Talk Series: STEP Program
Money Talk Series: STEP Program
Fy 2012 6 month financial report presentation final
Fy 2012 6 month financial report presentation final
Group 2 eco
Group 2 eco
FEFE Setting Financial Goals_power_point_2.1.4.g1
FEFE Setting Financial Goals_power_point_2.1.4.g1
External Debt Management
External Debt Management
External debt of india
External debt of india
Session iv 20161103 ceo forum of wfdfi2016-dbj_harada
Session iv 20161103 ceo forum of wfdfi2016-dbj_harada
Presentation - Investor relations final q1 2018
Presentation - Investor relations final q1 2018
External debt
External debt
Fiscal Imbalance and Deficit Financing
Fiscal Imbalance and Deficit Financing
Weekly market review feb 22, 2013
Weekly market review feb 22, 2013
Pre 30 June Checklist 2012
Pre 30 June Checklist 2012
Pre 30 June Checklist 2012
Pre 30 June Checklist 2012
External debt in India & other emerging economies
External debt in India & other emerging economies
Philippine Debt crisis
Philippine Debt crisis
Changing dynamics of public borrowings and public expenditure
Changing dynamics of public borrowings and public expenditure
Budjet deficit of Bangladesh 2016-17
Budjet deficit of Bangladesh 2016-17
Budget, deficit and deficit financing
Budget, deficit and deficit financing
Ähnlich wie 2.01 fefe life_cycle_financial_planning_p_pt
Setting Financial Goals Presentation
Setting Financial Goals Presentation
mbachnak
Spending plans module 16
Spending plans module 16
b34farmer
Personal finance basics and time value of money
Personal finance basics and time value of money
Good Light Massage Center
1.02 setting financial goals power point burns
1.02 setting financial goals power point burns
deborahburns
Financial responsibility
Financial responsibility
Rev. Dr. Godswill Agbagwa
Financial Planning Report
Financial Planning Report
football11
proposal defense.doc.pptx
proposal defense.doc.pptx
anna liza manalo
Personal financial planning chapter#02 discussion case 01
Personal financial planning chapter#02 discussion case 01
Zeshan Taimoor
Etica Wealth Management - Mutual Funds Presentation
Etica Wealth Management - Mutual Funds Presentation
Gajendra Kothari, CFA
Chapter 1.pdf
Chapter 1.pdf
JhagantiniPalanivelu1
Goals galore power_point
Goals galore power_point
huntj
Goals galorepowerpointpresentation2171g1[1]
Goals galorepowerpointpresentation2171g1[1]
ruthkosl
8.02B PF
8.02B PF
deborahburns
Mitsumoto Akiyo - 2014 Symposium on Financial Education in Korea
Mitsumoto Akiyo - 2014 Symposium on Financial Education in Korea
OECD Directorate for Financial and Enterprise Affairs
8.01 ppta choosing to save
8.01 ppta choosing to save
DudleyDoright
CHAPTER OVERVIEWThis chapter provides the foundation for Persona.docx
CHAPTER OVERVIEWThis chapter provides the foundation for Persona.docx
christinemaritza
Vanguard's Guide to Financial Wellness.pdf
Vanguard's Guide to Financial Wellness.pdf
HahahaHehehe18
Personal Finance 1.02 PPtB(FEFE)
Personal Finance 1.02 PPtB(FEFE)
DudleyDoright
Addressing Retirement Readiness
Addressing Retirement Readiness
Multnomah Group, Inc.
Gemma - mApps Presentation
Gemma - mApps Presentation
mfcsmalta
Ähnlich wie 2.01 fefe life_cycle_financial_planning_p_pt
(20)
Setting Financial Goals Presentation
Setting Financial Goals Presentation
Spending plans module 16
Spending plans module 16
Personal finance basics and time value of money
Personal finance basics and time value of money
1.02 setting financial goals power point burns
1.02 setting financial goals power point burns
Financial responsibility
Financial responsibility
Financial Planning Report
Financial Planning Report
proposal defense.doc.pptx
proposal defense.doc.pptx
Personal financial planning chapter#02 discussion case 01
Personal financial planning chapter#02 discussion case 01
Etica Wealth Management - Mutual Funds Presentation
Etica Wealth Management - Mutual Funds Presentation
Chapter 1.pdf
Chapter 1.pdf
Goals galore power_point
Goals galore power_point
Goals galorepowerpointpresentation2171g1[1]
Goals galorepowerpointpresentation2171g1[1]
8.02B PF
8.02B PF
Mitsumoto Akiyo - 2014 Symposium on Financial Education in Korea
Mitsumoto Akiyo - 2014 Symposium on Financial Education in Korea
8.01 ppta choosing to save
8.01 ppta choosing to save
CHAPTER OVERVIEWThis chapter provides the foundation for Persona.docx
CHAPTER OVERVIEWThis chapter provides the foundation for Persona.docx
Vanguard's Guide to Financial Wellness.pdf
Vanguard's Guide to Financial Wellness.pdf
Personal Finance 1.02 PPtB(FEFE)
Personal Finance 1.02 PPtB(FEFE)
Addressing Retirement Readiness
Addressing Retirement Readiness
Gemma - mApps Presentation
Gemma - mApps Presentation
Mehr von DudleyDoright
Sem i 1.02 armstrong rev
Sem i 1.02 armstrong rev
DudleyDoright
Sem i 1.07 armstrong
Sem i 1.07 armstrong
DudleyDoright
Sem i 4.06 armstrong
Sem i 4.06 armstrong
DudleyDoright
Semi 1.02 a-b_power_point-a._garrett
Semi 1.02 a-b_power_point-a._garrett
DudleyDoright
04.03 power point
04.03 power point
DudleyDoright
Sem i 1.06 armstrong
Sem i 1.06 armstrong
DudleyDoright
Sem i 1.05 armstrong rev
Sem i 1.05 armstrong rev
DudleyDoright
02.04 power point
02.04 power point
DudleyDoright
Mm 2.03 use
Mm 2.03 use
DudleyDoright
Mm 2.03 1
Mm 2.03 1
DudleyDoright
Personal finance 8.02 spending plans p_ptb(fefe)
Personal finance 8.02 spending plans p_ptb(fefe)
DudleyDoright
Per.fin.7.01 p pt.atypes of insurance
Per.fin.7.01 p pt.atypes of insurance
DudleyDoright
Per.fin.p pt f filing a tax return
Per.fin.p pt f filing a tax return
DudleyDoright
Per.fin.4.01 p pta compensation
Per.fin.4.01 p pta compensation
DudleyDoright
Marketing 2.09 ppt
Marketing 2.09 ppt
DudleyDoright
6.02 a -transportation_options
6.02 a -transportation_options
DudleyDoright
6.02 c perf-choosing_right_vehicle
6.02 c perf-choosing_right_vehicle
DudleyDoright
Per.fin.3.01 p pt.b career crossroads
Per.fin.3.01 p pt.b career crossroads
DudleyDoright
Personal finance 8.03 p pt (use)
Personal finance 8.03 p pt (use)
DudleyDoright
Per.fin.7.03 p ptb
Per.fin.7.03 p ptb
DudleyDoright
Mehr von DudleyDoright
(20)
Sem i 1.02 armstrong rev
Sem i 1.02 armstrong rev
Sem i 1.07 armstrong
Sem i 1.07 armstrong
Sem i 4.06 armstrong
Sem i 4.06 armstrong
Semi 1.02 a-b_power_point-a._garrett
Semi 1.02 a-b_power_point-a._garrett
04.03 power point
04.03 power point
Sem i 1.06 armstrong
Sem i 1.06 armstrong
Sem i 1.05 armstrong rev
Sem i 1.05 armstrong rev
02.04 power point
02.04 power point
Mm 2.03 use
Mm 2.03 use
Mm 2.03 1
Mm 2.03 1
Personal finance 8.02 spending plans p_ptb(fefe)
Personal finance 8.02 spending plans p_ptb(fefe)
Per.fin.7.01 p pt.atypes of insurance
Per.fin.7.01 p pt.atypes of insurance
Per.fin.p pt f filing a tax return
Per.fin.p pt f filing a tax return
Per.fin.4.01 p pta compensation
Per.fin.4.01 p pta compensation
Marketing 2.09 ppt
Marketing 2.09 ppt
6.02 a -transportation_options
6.02 a -transportation_options
6.02 c perf-choosing_right_vehicle
6.02 c perf-choosing_right_vehicle
Per.fin.3.01 p pt.b career crossroads
Per.fin.3.01 p pt.b career crossroads
Personal finance 8.03 p pt (use)
Personal finance 8.03 p pt (use)
Per.fin.7.03 p ptb
Per.fin.7.03 p ptb
Kürzlich hochgeladen
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
Henry Tapper
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
Michael Silva
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal. .pptx
FinTech Belgium
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
Інститут економічних досліджень та політичних консультацій
Contracts with Interdependent Preferences
Contracts with Interdependent Preferences
GRAPE
Hungarys economy made by Robert Miklos
Hungarys economy made by Robert Miklos
beduinpower135
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
360factors
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
Adnet Communications
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...
Antonis Zairis
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
Bangabandhu Sheikh Mujibur Rahman Science and Technology University Gopalganj, Bangladesh
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
sonamyadav7097
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
KumarJayaraman3
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
Guillaume Ⓥ Sarlat
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
Precize Formely Leadoff
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
SkillCircle
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
Інститут економічних досліджень та політичних консультацій
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
Commercial Bank of Ceylon PLC
Stock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdf
Michael Silva
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
Adnet Communications
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?
Stephen Perrenod
Kürzlich hochgeladen
(20)
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal. .pptx
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
Contracts with Interdependent Preferences
Contracts with Interdependent Preferences
Hungarys economy made by Robert Miklos
Hungarys economy made by Robert Miklos
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
Sarlat Advisory - Corporate Brochure - 2024
Sarlat Advisory - Corporate Brochure - 2024
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
Stock Market Brief Deck for March 19 2024.pdf
Stock Market Brief Deck for March 19 2024.pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?
2.01 fefe life_cycle_financial_planning_p_pt
1.
Life Cycle of
Financial Planning “Take Charge of Your Finances” Advanced Level
2.
1.11.2.G1
Financial Planning Many people follow a similar financial pattern during their life BUT Everyone has an individualized financial plan © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
3.
1.11.2.G1
Financial Planning Financial planning - a tool used to achieve financial success based upon the development and implementation of financial goals Financial goals - specific objectives to be accomplished through financial planning Financial Goals should be SMART goals © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
4.
1.11.2.G1
SMART Financial Goals State exactly what is to be done with the money involved Write the exact dollar amount Determine how it can be reached, which is often determined by the individual’s budget Do not set the goal for something unattainable or unrealistic Specifically state when the goal needs to be reached © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
5.
1.11.2.G1
What influences a person’s financial plan? Many factors that Values, Goals, & can be expected Personal Choices or unexpected: Major Life Cycle Life Needs Events Lifestyle Conditions © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
6.
1.11.2.G1
The choices you make today impact your future! Choices and goals made in the Values, Goals, & present may have a significant Personal impact on your future financial plan Choices Major Life Events Life events that affect your financial plan may be unexpected © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
7.
1.11.2.G1 What are examples
of lifestyle conditions that may affect a person’s financial plan? Marital Age status Values, Goals, & Personal Choices Number of Income dependents Major Life Events Employment Education status Lifestyle Conditions Health Economic status outlook © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
8.
1.11.2.G1
Financial Life Cycle Values, Life cycle - a series of Goals, & Personal stages through which an Choices individual passes during his Major or her lifetime Life Cycle Life Needs Events Typical financial life Lifestyle cycle pattern applies to Conditions most people and affects a financial plan © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
9.
1.11.2.G1
Typical Financial Life Cycle Single * Marriage * Start and Raise Family Approaching Retirement Years Retirement Years Stage 3: Wealth Distribution $ Stage 2: Wealth Accumulation Stage 1: Basic Wealth Protection 0 20 30 40 50 60 70 80 Years of Age © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
10.
1.11.2.G1
Financial Life Cycle Stages Stage 1: Basic Wealth Protection Focus on building financial security Stage 3 Stage 2: Wealth Accumulation Stage 2 Head of household has reached peak Stage 1 earning years, is accumulating wealth, and approaching retirement Which stage of the Stage 3: Wealth Distribution financial life cycle are The consumption of wealth, usually you in? during retirement © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
11.
1.11.2.G1 What types of
financial planning would occur during each stage of the financial life cycle? Stage 1: Basic Wealth Protection (protecting your future) •Develop emergency savings •Develop positive credit •Begin investing in retirement Stage 3 •Purchase insurance Stage 2 Stage 2: Wealth Accumulation Stage 1 (giving it to yourself) •Investing to build wealth •Purchasing a home Stage 3: Wealth Distribution (giving it to your chosen ones) •Estate planning © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
12.
1.11.2.G1
Typical Financial Life Cycle Stage 3 What factors or events in a Stage 2 person’s life could cause the Stage 1 typical financial life cycle to change or vary? © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
13.
1.11.2.G1
Financial Life Cycle Events Activity People in certain age groups tend to have similar financial life cycle needs Determine what types of financial planning may occur for each age group. © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
14.
1.11.2.G1 Traditional
Age Group Financial Planning Needs – Developing a plan for eventual independence – Preparing for career – Evaluating future financial needs and resources – Exploring financial systems – banks, etc. – Developing a personal system of record keeping © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
15.
1.11.2.G1
Traditional Age Group Financial Planning Needs – Establishing a household – Training for a career – Earning financial independence – Determining insurance needs – Establishing credit – Establishing savings – Creating a spending plan – Begin investing in retirement – Developing a personal financial identity © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 15 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
16.
1.11.2.G1
Traditional Age Group Financial Planning Needs – Child-bearing – Child-raising – Expanding career goals – Investing in retirement – Managing increased need for credit – Discussing and managing additional insurance needs – Creating a will – Starting an education fund for children © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 16 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
17.
1.11.2.G1
Traditional Age Group Financial Planning Needs – Upgrading career training – Developing protection needs for head-of-household – Investing in retirement – Establishing retirement goals – Building on children’s education fund – Need for greater income due to expanding needs © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 17 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
18.
1.11.2.G1 Traditional
Age Group Financial Planning Needs – Assisting with higher education for children – Investing in retirement – Updating retirement goals and plans – Developing estate plans © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 18 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
19.
1.11.2.G1
Traditional Age Group Financial Planning Needs – Consolidating assets – Re-evaluating property transfer – Investing in retirement – Evaluating expenses for retirement and current housing – Planning future security – Investigating retirement part-time income or volunteer work – Meeting responsibilities of ageing parents – Planning for long-term care insurance and medical care in retirement © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 19 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
20.
1.11.2.G1 Traditional
Age Group Financial Planning Needs – Re-evaluating and adjusting living conditions and spending as related to health and income – Adjusting insurance programs for increasing risks – Finalizing will or letter of last instructions – Acquiring assistance in management of personal and financial affairs – Finalizing estate plans © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 20 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
21.
1.11.2.G1
True or False? Everyone has the same financial plan FALSE! Individualize your financial plan but consider the typical life cycle needs for every age group. © Family Economics & Financial Education – Revised May 2011 – Introduction to Finance Unit – Life Cycle of Financial Planning – Slide 21 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Jetzt herunterladen