_OH_Financial Planning for Today's Consumer

Financial Planning for Today’s Consumer explores financial planning in general and identifies what financial advisors should consider when helping clients develop a sound financial plan. Each chapter covers a major phase of the financial planning process and describes what the advisor should know to advance a client’s goals and objectives. You will learn the process of analyzing a client’s financial and nonfinancial needs and how to match assets, income, expenses, and liabilities to the client’s stated goals. The course highlights how insurance can address the issue of risk management and how it can be used to meet meet college, retirement, and estate planning needs.  

The course includes the following chapters:
  • Components of Financial Planning
  • Gathering Data
  • Analyzing the Data
  • Creating Impact Scenarios for Managing Risk
  • Projecting Values of Current Assets
  • Using Insurance to Manage Risk
  • Planning for College
  • Planning for Retirement
  • Planning for the Estate 
This is an intermediate level course. Upon completion, the student will be able to:
  • describe the various components of financial planning
  • enumerate the pieces of personal and financial information to gather from your client to prepare a comprehensive financial plan
  • analyze and categorize the data collected and pair the factual information with the client's goals and objectives
  • develop worst case scenarios and determine their effects on the financial plan
  • project asset values
  • explain the uses of life insurance in the managing of personal risk
  • list the important steps and tools used in funding a college education
  • describe what is involved in planning for retirement, including the roles of qualified and nonqualified plans and annuities
  • summarize the issues surrounding the transfer of property at death
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