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Introduction to Personal Financial Planning: A Practical Approach

Introduction to Personal Financial Planning: A Practical Approach

Author(s): Alexander Kondeas , Nicholas Daves , David Stewart

Edition: 2

Copyright: 2013

Pages: 264

Edition: 2

Copyright: 2013

Pages: 266

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$82.43 USD

ISBN 9781465234711

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ISBN 9781465231376

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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

 

Alexander Kondeas
Alexander Kondeas holds a PhD in Economics with a Finance concentration from Auburn University, an MA in Economics and an MBA with a Finance concentration from the University of South Florida, and an undergraduate degree in Accounting from the Technological Educational Institute of Larissa, Greece. He has taught at Auburn University, Greensboro College, Guilford College, and Winston-Salem State University. His research interests include Financial Planning, International Finance, and Macroeconomics. His research is published in the International Journal of Business and Social Science, Real World Economic Review, Academy of Business Journal, Journal of Business and Behavioral Sciences, and Applied Financial Economics Letters. He is a Certified Financial Planner™.
Nicholas Daves
Nicholas Daves holds an MBA from the University of North Carolina at Chapel Hill, and a BA in History with a minor in Economics from Davidson College. He has more than forty years experience in commercial banking with North Carolina National Bank (now part of Bank of America), Northwestern Bank (now part of Wells Fargo), and as the founding president and CEO of Enterprise National Bank in Winston-Salem, North Carolina, which later merged with Lexington State Bank. Following his retirement from Lexington State Bank in 2007, Daves joined the faculty of the School of Business and Economics at Winston-Salem State University. He is the Program Director for the university’s undergraduate Personal Finance Degree Program, which is registered with the Certified Financial Planner Board of Standards, Inc. In addition, he is the Director of the Center of Excellence in Financial Services.
David Stewart
David Stewart holds a PhD in Finance from the University of Tennessee, an MBA with a Finance concentration from Indiana University, and an MS and BS in Statistics from Purdue University. As the former Chair of the Department of Economics and Finance, he led Winston-Salem State University to register the Personal Finance Degree Program with the Certified Financial Planner Board of Standards, Inc. His research interests include Financial Planning, Market Efficiency, and International Finance. His research is published in the International Journal of Finance, American Economist, and Economic System, among others.

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

 

Alexander Kondeas
Alexander Kondeas
Alexander Kondeas holds a PhD in Economics with a Finance concentration from Auburn University, an MA in Economics and an MBA with a Finance concentration from the University of South Florida, and an undergraduate degree in Accounting from the Technological Educational Institute of Larissa, Greece. He has taught at Auburn University, Greensboro College, Guilford College, and Winston-Salem State University. His research interests include Financial Planning, International Finance, and Macroeconomics. His research is published in the International Journal of Business and Social Science, Real World Economic Review, Academy of Business Journal, Journal of Business and Behavioral Sciences, and Applied Financial Economics Letters. He is a Certified Financial Planner™.
Nicholas Daves
Nicholas Daves
Nicholas Daves holds an MBA from the University of North Carolina at Chapel Hill, and a BA in History with a minor in Economics from Davidson College. He has more than forty years experience in commercial banking with North Carolina National Bank (now part of Bank of America), Northwestern Bank (now part of Wells Fargo), and as the founding president and CEO of Enterprise National Bank in Winston-Salem, North Carolina, which later merged with Lexington State Bank. Following his retirement from Lexington State Bank in 2007, Daves joined the faculty of the School of Business and Economics at Winston-Salem State University. He is the Program Director for the university’s undergraduate Personal Finance Degree Program, which is registered with the Certified Financial Planner Board of Standards, Inc. In addition, he is the Director of the Center of Excellence in Financial Services.
David Stewart
David Stewart
David Stewart holds a PhD in Finance from the University of Tennessee, an MBA with a Finance concentration from Indiana University, and an MS and BS in Statistics from Purdue University. As the former Chair of the Department of Economics and Finance, he led Winston-Salem State University to register the Personal Finance Degree Program with the Certified Financial Planner Board of Standards, Inc. His research interests include Financial Planning, Market Efficiency, and International Finance. His research is published in the International Journal of Finance, American Economist, and Economic System, among others.