Personal Finance Rutgers. The State University of New Jersey – New Brunswick/Piscataway Personal finance plan – Description
Appendix: Charts, budgets, income statements or balance sheets, computations, pictures, etc… (should be located at the end of the Personal Financial Plan paper)
5%
Current situation (what is your story and how does it affect your current financial situation?) and Goals (Short term , intermediate, long term), family status current and future,
5%
Budgeting, Savings plan (It would be helpful to have charts or visuals)
5%
Banking
5%
Taxes (current and future)
5%
Personal Loans (auto, home, education, business, etc…)
5%
Credit and credit cards (managing and assessment of credit )
5%
Identity theft (awareness and preventing)
5%
Insurance (life and medical, disability… how much do you need? Supplemental insurance outside of employment)
5%
Insurance (auto and home)
5%
Healthcare planning (long term care, advance health directive)
5%
Investing (risk tolerance, asset allocation, diversification, asset classes, passive income, portfolio, timed goals, kids college fund, creating generational wealth? etc…)
5%
Retirement planning (401k, IRAs, ROTHs, life expectancy, saving for retirement, retirement income, inflation, supporting parents? Supporting children? Retiring overseas? Retiring early? Medicare, Medicaid, social security, long term care)
5%
Estate planning (Wills, trusts, power of attorney, trustees, executor, beneficiary, insurance benefits, retirement account benefits, Paid-upon-death accounts, joint tenants, exclusions of persons in Wills, probate, intestate, leaving your legacy behind…)
5%
What you learned from class and are applying to your life, guest speakers
5%
Back-up plans and overcoming future obstacles
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