- Tax Planning
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Introduction
- Describe How Retirement Planning Fits into Your Personal Financial Plan
- Understand the Principles of Successful Retirement Planning
- Describe Payout Options Available at Retirement
- Explain the Steps of Successful Retirement Planning
- Understand One Method of Monitoring Your Retirement Planning Progress
- Summary
- Assignments
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
Case Study #2
Data:
Kevin and Whitney are now forty-five years old with six kids. They are twenty years into their retirement plan. They have $115,000 in savings, and their remaining balance on their home mortgage and some credit card debt is $150,000. They have saved only 5 percent per year and have earned 7 percent on their savings, and have felt that was sufficient.
Calculations:
Are they on-track for retirement or not?
Calculate their income/debt ratio’s from the Wall Street Journal article
Application:
How are they doing, and what more should they be doing?
