Introduction to Personal Financial Planning: A Practical Approach
Edition: 2
Copyright: 2013
Pages: 264
Edition: 2
Copyright: 2013
Pages: 266
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Introduction to Personal Financial Planning: A Practical Approach is a concise, rigorous, and exciting textbook for students enrolled in an introductory course to finance and personal finance. Every topic of this text is infused with real life examples and practical applications, allowing students to realize how they can personally benefit from the material they study.
Introduction to Personal Financial Planning: A Practical Approach features:
- Practical Applications and end of Chapter Review Questions
- An Instructor’s Manual with solutions to chapter Review Questions
- PowerPoint slides and Test Bank
- Updated chapters with the latest income tax, Retirement, and estate tax changes
About the Authors
Preface
CHAPTER ONE
Personal Financial Planning
1.1 Introduction
1.2 The Financial Planning Process
1.3 The CFP Board of Standards Code of Ethics and Professional Responsibility
1.4 Practical Application: Meet the Milfords
Summary
Review Questions
Appendix
CHAPTER TWO
Time Value of Money: Loan and Investment Calculations
2.1 Introduction
2.2 Annuities
2.3 Perpetuities
Summary
Review Questions
CHAPTER THREE
Applied Time Value of Money
3.1 Introduction
3.2 Annuities and More Frequent Compounding
3.3 Growing Annuities
Summary
Review Questions
CHAPTER FOUR
Personal Financial Scorecards
4.1 Introduction
4.2 Financial Statement Analysis
4.3 The Budget
4.4 Practical Application: Good Debt-Bad Debt
Summary
Review Questions
CHAPTER FIVE
Income Tax Planning
5.1 Introduction
5.2 Calculating Personal Income Taxes
5.3 Practical Application: How Much Do You Have to Earn to File a Tax Return?
5.4 Income Tax Planning Strategies
Summary
Review Questions
CHAPTER SIX
Higher Education Planning: Paying for College
6.1 Introduction
6.2 Types of Federal Financial Aid for Higher Education
6.3 Planning for Higher Education Expenses
Summary
Review Questions
CHAPTER SEVEN
Investment Planning: Creating Wealth
7.1 Introduction
7.2 Measuring Investment Returns
7.3 Measuring Investment Risk
7.4 Risk Preferences
Summary
Review Questions
CHAPTER EIGHT
Insurance Planning: Risk Management
8.1 Introduction
8.2 Life Insurance
8.3 Disability Insurance
8.4 Health Insurance
8.5 Social Insurance
8.6 Property and Liability Insurance
Summary
Review Questions
CHAPTER NINE
Retirement Planning: Retirement for Older People, Planning for Young and Old Alike
9.1 Introduction
9.2 Sources of Retirement Income
Summary
Review Questions
CHAPTER TEN
Estate Planning: Closing the Book and Leaving a Legacy
10.1 Introduction
10.2 The Federal Estate Tax (Transfers at Death)
10.3 Trusts and Estate Planning
10.4 Gifts (Transfers during Life)
10.5 The Federal Generation-Skipping Transfer Tax
Summary
Review Questions
CHAPTER ELEVEN
The Legal and Regulatory Environment of Financial Planning
11.1 Introduction
11.2 Business Law
11.3 Types of Business Entities
Summary
Review Questions