Ppt on personal financial planning

The Case for Succession Planning

. Hodge This presentation is for educational purposes only. Under no circumstances should the information provided herein be relied upon as investment advice. Blue Ocean National Survey “Advisors take the personal delivery of financial planning and the relationships with their clients so seriously that they are reluctant to delegate to the next generation.” -Kevin R. Keller, CFP Board CEO Keller, K. (2013, March 14/


The Financial Planning Process

is more difficult for women. Introduction It’s easier to spend than to save. Personal financial planning is an ongoing process—it changes as your financial situation and position in life change. Manage and control your finances with a personal financial plan. It helps you achieve financial and lifestyle goals. Importance of Personal Financial Planning Accumulate wealth for special expenses Save for retirement “Cover your assets” Invest intelligently Minimize payments to/


Measuring Financial Success Using Program Evaluation

Specific Indicators (objective): Actual dollar changes (reduce debt, increase savings) Development of financial plans Changes in spending habits Building or rebuilding credit reports and credit scores ACTIVITY: Your /personal budget is a priority. Intended changes in behavior Taking Charge Indicators Please check the box that best describes your answer. As a result of this program, you plan to: No Maybe Yes Already doing this Does not apply Set short and long-term financial goals.  Use a spending plan/


Table of Contents Executive Summary - Recommendations……………..………………… Industry Overview……………………………………………………………………5 Competitive Assessments………………………………………………………..11.

most robust PFM offerings, which include full account integration across a variety of account types, as well as providing real personal financial planning tools. Some also include fully integrated investment monitoring and tracking tools. Investment-driven PFM tools put the focus on long-term personal financial management solutions, providing full investment account aggregation via a dashboard. Many also provide investment recommendations or advice, either via/


Preventing the Financial Abuse of Older People by their Family Members

. 15/04/2017 (c) Associate Prof Dale Bagshaw, UniSA Family mediation can be beneficial … when an older person wishes to involve family members in decisions or plans about their finances and assets, and/or when family members believe that an older person is vulnerable to, or is experiencing, financial exploitation or abuse from a family member, and/or where family conflict involves an older/


Contents – Financial Services marketplace in the UK

Hedge Funds Why UK? World financial centre Favourable regulatory environment - full weight of the regulatory regime not applied when the manager only delivers products and services to non-retail investors. Favourable personal tax laws of non-UK /6311- Life insurance 826 490 Health & Accident Insurance 6321-Accident and health insurance 6324-Hospital and medical service plans 102 62 Property & Casualty Insurance 6399-Insurance carriers 848 324 Investment Services 6211-Security brokers and dealers 6221-/


President’s Advisory Council on Financial Capability WEBCAST July 12, 2011 – 2:30 p.m. – 4:00 p.m. (EST)

purchase decisions (home, auto, education financing) Consumers who want to create a comprehensive financial plan Underbanked/underserved consumers Consumers in financial distress Youth and Emerging Adults Will eventually end up in one or more of the/often lack confidence and skills in this subject area, and what they teach is affected by their own personal financial experiences and attitudes Curriculum (including delivery channels)  Competing Approaches: Information transfer vs. experiential learning and /


Introduction to Personal Financial Planning

Cash flow planning, tax planning, investment planning, retirement planning, estate planning, special circumstances planning, education planning, risk management, and employee benefits Financial integration Financial plan Financial planning as a career Financial planners: people with designations, education, and experience, who are trained to practice personal financial planning. Designations include: Certified Financial Planner™ (CFP®) NAPFA-Registered Financial Advisors Chartered Financial Consultant (ChFC/


© 2013 All materials are proprietary. I. Richard Ploss, Esq. CPA, CFP © Preti Flaherty Beliveau & Pachios, LLP Financial Planning— Standards, Ethics and.

are proprietary. PART II: The Substantive Components of Personal Financial Planning The personal financial planning process really embodies the following disciplines: Cash flow planning and budgeting Risk management Investment planning Income tax planning Retirement planning Estate planning 6© 2013 All materials are proprietary. The Substantive Components of Personal Financial Planning Given the complexity of each discipline, a financial planning team should consist of professionals from the following/


Indiana Department of Financial Institutions Consumer Credit Education

CPA, RIA and REG REP marks do not assure that the person has had special training to be a financial planner. More Questions to Ask How does the financial planner keep up-to-date on new financial developments and tax laws? Is the planner a member of professional associations such Financial Planning Association or Personal Financial Advisors (NAPFA)? More Questions to Ask Will the planner provide a written/


2012 Estate Tax Planning Landscape Overview Presented by: Justin Ransome and Robert Perez AICPA Trust, Estate, and Gift Tax Technical Resource Panel The.

,886 $64,255,448 $82,819,429 $4,350,762 $7,384,220 $18,407,782 $36,971,763 37 Tax Section Personal Financial Planning Section Agenda Transfer Taxes in 2012 Transfer Tax Planning Techniques Planning Considerations in 2012 38 Tax Section Personal Financial Planning Section Planning Considerations for 2012 Large Gift Interests in Closely-Held Family Business Grantor Retained Annuity Trust Sales to Intentionally Defective Grantor Trust Generation/


“Take Charge of Your Finances” Advanced Level

may cause these percentages to be different? Males vs. Females Having a plan Financial planning - a tool used to achieve financial success based upon the development and implementation of financial goals Spending plan - paper or electronic document used to record both planned and actual income through expenditures over a period of time Step 2– Creating Personalized Income and Expense Categories Step 1- Track Current Income and Expenses Step/


Executives Module. RGB 065172 58135187 3252147 2845130 4195131 169 205 1 Financial Literacy - Part A Index Advantages of Financial Literacy #1 Basics.

be most effective in helping you realize your future financial goals, based on your current personal financial situation RGB 065172 58135187 3252147 2845130 4195131 169 205 24 Financial Literacy - Part A Planning of Finances to become an Entrepreneur Some of the essential steps include:-  Assess your financial needs, personally and for your new business venture. Prepare a business plan with realistic projections of income and expenses for the/


1 NEFE High School Financial Planning Program® Patrice Dollar,CFP Family Financial Management Specialist-University of Georgia.

New Student Guide More Content, More Colorful Can You Believe? Assignments Action Steps Personal Portfolio 35 Three Action Steps: 1.Learn 2.Apply 3.Take Control Student Guide 36 NEFE High School Financial Planning Program ® 6 Units 37 NEFE High School Financial Planning Program ® Unit 1 Financial Planning: Your Roadmap Setting Financial Goals Effective Decision Making Financial Planning Process 38 Instructions Unit 1 – Lesson 3 – Inquire “Mind Over Mind” Choose/


Discuss what you will gain from the study of personal finance. Introduction to the subject of personal finance Identify the key components of a financial.

and consumption in the economy. –Business cycle (or economic growth) is a wavelike pattern of economic activity that includes temporary phases that undulate from boom to bust. 6 Steps of Personal Financial Planning Phases of the Business (Economic Cycle) Expansion (Prosperity) Recession (or Depression) Recovery Average growth rate expected in economy Business Production and Retail Sales 1.Make sure the goal you are/


Chapter © 2010 South-Western, Cengage Learning Budgets and Financial Records 8.1 8.1Budgeting and Planning 8.

© 2010 South-Western, Cengage Learning Copyright ©2004 Pearson Education, Inc. All rights reserved. 1-5 Definitions Personal finance: the process of planning your spending, financing, and investing so as to optimize your financial situation Personal financial plan: a plan that specifies your financial goals and describes the spending, financing, and investing plans that are intended to achieve those goals © 2010 South-Western, Cengage Learning Copyright ©2004 Pearson Education, Inc/


Finance 1200 Fall 2012.

manage one’s personal finances Personal finance -- the study of personal and family resources considered important in achieving financial success. Personal financial planning – the process of planning your spending, financing, and investing to optimize your financial situation. Financial success -- the achievement of financial aspirations that are desired, planned, or attempted. It is defined by the individual or family that seeks it. - = - = Overview of Financial Plan Financial Planning Decisions Cash Flow/


Finance 1200 Spring 2011. Discuss what you will gain from the study of personal finance. Introduction to the subject of personal finance Develop personal.

Finance 1200 Spring 2011 Discuss what you will gain from the study of personal finance. Introduction to the subject of personal finance Develop personal financial goals. Define opportunity costs and determine how opportunity costs are associated with personal financial planning. Identify the key components of a financial plan, and Outline the steps involved in developing your personal financial plan. Step 1 Think back to your formative experiences with money and consider what these/


Financial Planning Seminar Presenter: Franca Matsos Date: July 30 th, 2008.

documents, tend to closing details Insurance Broker For property insurance MD Insurance Consultant Reassess your life insurance requirements Building Inspector To conduct “physical” on the property MDM Financial Consultant To integrate home buying into your personal financial plan Debt Management Resident Debt Analysis  Common medical student / resident  debt load: $100,000 - 200,000 Debt Management  Student loans / Credit lines y What is the interest/


DEPARTMENT OF JUSTICE AND CONSTITUTIONAL DEVELOPMENT SELECT COMMITTEE ON JUSTICE AND SECURITY Annual Performance Plan 2014/15 16 July 2014.

Plan 2030 (NDP): d.Chapter 14: Promoting Accountability and fighting corruption NATIONAL POLICIES Concerted efforts of the JCPS Anti-Corruption Task Team (ACTT) include the following results: i.More than 800 persons are currently under criminal, financial /Intelligence, against a total of 170 SMS members employed by the Department ii.During 2014/15 financial year, the Department planned that 160 senior managers will complete their integrity competence assessments (Vetting forms). iii.Although all /


Chapter 8 Saving and Investing

-Up Before you think about investing for the future, you must take steps to be sure your personal finances are in good shape. Then you will be ready to move ahead with your financial plan. Personal Finance Unit 3 Chapter 8 © 2007 Glencoe/McGraw-Hill Section 8.1 Preparing for a Savings or Investment Program Money to Get Started You will be ready to/


Chapter 1 Financial Planning.

Money Into Wealth Keown The Personal Financial Planning Process 5 basic steps to personal financial planning: Evaluate your financial health. Define your financial goals. Develop a plan of action. Implement your plan. Review your progress, reevaluate, and revise your plan. © 2007 Prentice Hall Business Publishing Personal Finance: Turning Money Into Wealth Keown Personal Financial Planning Process Step 1: Evaluate Your Financial Health Examine your current financial situation. Keep accurate records. © 2007/


Yr 11 Preliminary Business Studies topics

Personal goals for business owners are not __________included in the business plan or mission statement. However, this does not diminish their importance, because they __________ the business owner and may underpin the __________of the SME. normally number higher income motivate operation financial/ budgets No business should commence operating without having a prepared budget. A budget is the business’s financial plan for the future. It outlines how the business will use its resources to meet its goals. The/


Taxes: Start Your Money Plan Here Take Charge: Your Money. Your Life. Brought to you by 360 Degrees of Financial Literacy and Americas CPA Financial Planners.

of your finances that you can use to improve your future. File Taxes Evaluate Tax Strategy Evaluate Retirement Strategy Evaluate Investment Strategy Improve Future You 13 Personal Financial Planning Section360 Degrees of Financial Literacy Tax Planning: The Bridge to Financial Planning Think about taxes year round. Save money tax efficiently for future needs. Spend money tax efficiently so you keep more to invest in your future. Hint/


Money Management Strategy: Financial Statements and Budgeting

valuable time COMPONENTS OF MONEY MANAGEMENT Storing and maintaining personal financial records and documents Creating personal financial statements (balance sheets and cash flow statements of income and outflow) Creating and implementing a plan for spending, and saving (budgeting) A System for Personal Financial Records Objective 2: Design a system for maintaining personal financial records Benefits of an Organized System of Financial Records Handling daily business affairs, including payment of bills/


Financial Planning & Wealth Management

– Liabilities) Personal Budget Where Do I Want to Go? Goals and Objectives Major Purchase, Children’s Education, Retirement, Marriage, Vacation How Do I Get There? Recommendations and Implementation The Plan! Financial Planning and Wealth Management Categorizing Financial Planning Tax Planning Insurance Planning Retirement Planning Estate Planning Investment Planning/Wealth Management Financial Planning and Wealth Management Tax Planning Financial Planning and Wealth Management Financial Planning and Wealth/


Financial Planning Program® TEACHER TRAINING PROGRAM

as a result of the learning experience. Unit Target Competencies 1: Create a personal financial plan 2: Prepare a personal budget 3: Propose a personal saving and investing plan 4: Select strategies to use in handling credit and managing debt 5: Demonstrate how to use various financial services 6: Create a personal insurance plan which will minimize your financial loss 7: Examine how a career choice and lifestyle affect your/


Education 5-Year Business Plan ( )

: Department: Education Target Audience: All learners accessing ACC content Credit Offered: Applicable to all credit-type offerings Financial Value: Increases value of ACC education to membership as they are able to have personalized learning experience Basis for Change: Feedback from members for personalized learning plans Strategic Plan: Purposeful Education 5 Yr Goal: Offer a nimble and relevant ACC curriculum Existing: Tagging to ACGME Competency Domains/


Glencoe Business and Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Decisions and Goals Define personal financial planning. List the six steps of financial planning. Identify factors that affect personal financial decisions. Chapter 10 Personal Financial Planning Glencoe Business and Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved. Personal Financial Decisions Section 1Financial Decisions and Goals Chapter 10 Personal Financial Planning Benefits of Planning Increased effectiveness in managing financial resources Debt avoidance and/


Personal Finance & Wealth Building Rutledge Advisory Group Introduction to.

5.To properly Conserve and distribute Wealth How Can These Goals Best Be Achieved? No Planning Occasional Planning Need Planning Financial Planning PFE Personal Financial Economics What are the Steps toward achieving PFE ? Step One: Complete Confidential Questionnaire* Step Two: Review Present Plan Step Three: Present Recommended Plan Step Four: Implementation of Recommended Plan Step Five: Semi-Annual Review of Goals and Progress * (available on website or by request) What/


Prentice-Hall, Inc.1 Chapter 1 Financial Planning: The Ties That Bind.

ways to achieve those goals.  To provide a system of evaluation and revision for your financial progress. Prentice-Hall, Inc.3 Why Do You Need a Personal Financial Plan?  For most people it is easier to spend than save.  To track your /’re spending.  To retire someday. Prentice-Hall, Inc.4 Why Should You Develop a Personal Financial Plan?  It helps you achieve your financial goals.  It helps you achieve financial independence.  It helps you understand where all your money is spent.  It may even/


Personal Finance: a Gospel Perspective Personal Goals and your Personal Financial Plan.

, to be better stewards, and to make better choices Questions? Do you understand the role of personal financial planning in helping you to achieve your goals? B.Understand the Requirements for your Personal Financial Plan What is a Personal Financial Plan? It is a document that contains all critical areas of your personal financial life Is there a process to follow? Step 1: Decide what you want out of life Step/


Personal Finance: Another Perspective

Church,” Ensign, Nov. 1989, 4). Questions? Do you understand the role of personal financial planning in helping you to achieve your goals? Understand the Requirements for your Personal Financial Plan What is a Personal Financial Plan? It is a document that contains all critical areas of your personal financial life It is your individual and personal roadmap for achieving your personal and family goals Is there a process to follow to put together/


© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 16 SLIDE 1 16-1 16-1Personal Financial Statements 16-2 16-2Budgeting.

R 16 SLIDE 38 FINANCIAL PLANNING PROCESS 1.Analyze your current financial condition 2.Develop financial goals that are responsive to your vision 3.Create your financial plan 4.Implement the plan 5.Revise your financial plan © 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 16 SLIDE 39 FINANCIAL INVENTORY ●Careful review of your finances ●Personal balance sheet ●Personal cash flow statement ●Information/


WELCOME TO THE COURSE ! EMPLOYEE WELLNESS WORKSHOP FINANCIAL EDUCATION IN THE WORKPLACE Your Instructor is Mr. Fraser Allport Certified Estate Planner™

personally responsible for their Retirement Savings in their Employer-Sponsored 401(k), 403(b), 457, Profit-Sharing, IRA and Cafeteria Plans.  Employees are also being asked to choose Health Insurance Plans with a myriad of options, which is another confusing financial headache for them to handle.  The crux of the problem is that the Employee has no training and tools to do this Financial Planning/ Productivity, Health and Harmony through Personal Financial Education  Education for HR Managers and/


Series: From Tax Preparer to Financial Planner: The Road Best Traveled Step 1: Understanding the value of Financial Planning Break into Personal Financial.

-added service to your existing tax client base Keys to success Q&A throughout Personal Financial Planning Section At what point in your career did you realize that you wanted to get involved with personal financial planning? Personal Financial Planning Section One can go into personal financial planning without being a CPA. Why does being a CPA matter? Personal Financial Planning Section If you were focused on tax, how did you transition to PFP? How/


1 Web Chapter A Special Circumstances Planning. 2 Chapter Goals Identify many common special planning situations. Discuss divorce and remarriage requirements.

list of all professionals and family members with addresses, telephone – numbers, and email information. – A financial breakdown of asset and governmental benefits. – Private information on pleasurable activities, religious affiliation, medical problems. 41 Financial Planning Financial planning for dependents with special needs includes: – Reviewing documents: It is very important that a person who is receiving SSI and Medicaid payments, not be a beneficiary or contingent beneficiary of/


Module One: Understanding Financial Abuse

women must identify “wants” and “needs” for themselves Finance Management Getting started: Become Informed Talk to friends and co-workers who you trust and ask them for advice on financial planning. Watch money-management television programs and read about personal finance. Worst-Case Scenarios Ask yourself, “What’s the worst thing that can happen to me in my situation?” Is the worst-case/


Personal Finance. A. Personal Financial Planning-is arranging to spend, save and invest money to live comfortably, have financial security, and achieve.

married, etc.) a. These new life situations will affect your financial planning, and your personal values will also affect your financial decisions Personal Finance 2. The second influence on Personal Financial Planning are Economic Factors/Conditions a. Market Forces- supply and demand / include the following a. Health Insurance b. Life Insurance c. Paid Vacation d. Pension (retirement plan) SECTION 1: PERSONAL FINANCIAL PLAN A. Scenario: You are 25 years of age, and have been working at your current job /


SHRM Survey Findings: Financial Wellness in the Workplace Sponsored by McGraw-Hill Federal Credit Union May 14, 2014.

said their employees are experiencing more personal financial challenges compared with 12 months ago. Are employees more likely to request a defined contribution savings plan loan or hardship withdrawal now than before/Federal Credit Union Survey Methodology 35Financial Wellness in the Workplace ©SHRM 2014 Retirement Plans Resource Page Retirement and Financial Planning Articles Defined Contribution Plans Resource Page Defined Contribution: Loans and Withdrawals Defined Contribution: Education and Advice/


Basic Personal Financial Planning Strategies for the New Year [date] [venue] [contact information]

less than $160,000 (phase-out after) Education Assistance Exclusion from Employer extended 10 Personal Financial Planning Section Income Tax Planning Student loan interest deduction made permanent Sales tax and local income tax deductions made permanent /Rates. Volatility necessitates 2% reduction from Historical Averages. Taxes and Fees necessitates an additional.5% reduction. 20 Personal Financial Planning Section Safe Withdrawal Rates In Summary: The Optimal Portfolio Mix is 60% Equity/40% Fixed. The Base/


Planning For Your Recovery FEBRUARY 4, 2014 | 1:30 – 3:00 PM Presenter(s): David O’Brien, Director of Construction Services // Weber O’Brien Ltd., Toledo,

use in today’s business world. GENERAL 4 Most business people do not hire competent financial staff (see Appendix). Most people do not hire competent advisors. Most people do not have written financial goals for the Company or personally. 5 Most people do not spend time on their personal financial plan. Most people do not meet their advisors on a regular basis to review and update/


0 Business and Personal Finance Unit 1 Chapter 3 © 2007 Glencoe/McGraw-Hill.

:  Bank statements  Paycheck stubs  Receipts  Automobile ownership titles  Birth certificates  Tax forms Section 3.1 Organizing Financial Records 7 Business and Personal Finance Unit 1 Chapter 3 © 2007 Glencoe/McGraw-Hill Personal Financial Documents Creating an organized system for handling your personal financial documents helps you:  Plan and measure your financial progress  Handle routine money matters, such as paying bills on time  Determine how much money you will/


FINANCIAL LITERACY - PART A (Base Presentation). RGB 065172 58135187 3252147 2845130 4195131 169 205 1 Financial Literacy - Part A Advantages of Financial.

when quoted returns are unusually high. RGB 065172 58135187 3252147 2845130 4195131 169 205 6 Financial Literacy - Part A Power of Compounding  As you pursue your financial planning, the most powerful tool for creating wealth safely and surely is ‘the magical power /against Security  The main purpose of taking loans against shares is to preserve investment, apart from taking care of personal needs. People also resort to such a loan to meet their contingencies and get liquidity without actually selling the /


HS352 Financial Decision for Retirement RONALD CHUNG Ph.D., MBA, BBA, CCM, MFP Managing Partner of EQCC Honorary Associate, School of Business, Hong Kong.

 The minimum-distribution rules contained in IRC Sec. 401(a)(9) are designed to limit the deferral of taxation on plan benefits. Choosing a Distribution Option  Choosing the best distribution at retirement can be a rather complex decision that involves personal preferences, financial considerations, and an interplay between tax incentives and tax penalties.  Typical considerations include whether The periodic distribution will be used/


0 Business and Personal Finance Unit 1 Chapter 2 © 2007 Glencoe/McGraw-Hill.

free information that can help you with college choices, résumé preparation, job opportunities, and career counseling. How can researching different careers that interest you help your financial planning for the future? 19 Business and Personal Finance Unit 1 Chapter 2 © 2007 Glencoe/McGraw-Hill Trends in Industry and Technology Changes in industry and technology also affect the job market. While opportunities have/


NEFE High School Financial Planning Program Unit 4 – Good Debt, Bad Debt: Using Credit Wisely Unit 4 - Good Debt, Bad Debt: Using Credit Wisely.

: Credit Reports 101 http://www.channelone.com/life/credithttp://www.channelone.com/life/credit/ NEFE High School Financial Planning Program Unit 4 – Good Debt, Bad Debt: Using Credit Wisely Important Credit Report Definitions Credit History - a record of your personal financial transactions. Credit Report - a history of personal transactions for the past 7 to 10 years. Credit Score - a number that reflects your credit worthiness/


Www.FinancialEducatorsCouncil.org. Introduction  Steve Repak Certified Financial Planner™ Army veteran Author of Dollars & Uncommon Sense: Basic Training.

o Lack a clear financial plan. o Do not have a trusted financial mentor, advisor or coach. o Poor financial choices due to lack of financial knowledge. o Lack the confidence to make necessary financial moves. o Poor financial choices due to emotions./training offers step- by-step directions aimed at instilling confidence in their skills as they work toward their personal financial goals. 46 Financial Psychology  Action Those in the Action stage have: o Made some positive modifications in their lifestyles. o/


Financial Literacy Test Review. Standard 1 Decision Making& Goals Standard 2 Income and Careers Standard 3 Money Management Standard 4 Savings, Investing.

important to spend money now, or save it for the future? How do your personal values affect your financial decisions? How do I make a Financial Plan? 3. Identify your options. Continue the same course of action. Expand the current /your dollar amounts should be when making a budget. How do I make a spending plan? 1. Assess your personal financial situation (needs, values, life situation). 2. Set personal and financial goals. 3. Create a budget for fixed and variable expenses based on projected income/


Your Money, Your Goals A FINANCIAL EMPOWERMENT TOOLKIT FOR COMMUNITY VOLUNTEERS Community Volunteer Training.

the meeting.  Role 2 = Community volunteer Start discussion, introduce assessment when appropriate, analyze assessment (if time allows), make a plan for financial empowerment work.  Role 3 = Observer Watch discussion, take notes using form, provide feedback. 47 Goals and financial situation assessment role play Person meeting with the volunteer  How did it feel taking the assessment?  What did the community volunteer do to make you/


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