Personal Case Study

Personal

Case Study

The purpose of this assignment is to analyze your financial situation and

make

suggestions that would

help

you

reduce financial risk exposure

and

improve

your

current

and future financial situations

.

You are required to analyze and

advise on the following subjects:

Net Worth Statement

-

Include in final project

Budget

Planning

-

Analyze current cash flow

-

Offer budgeting advice

and things you

might consider changing

-

Review and analyze current mortgages and determine if

you should conside

r refinancing.

If

you

do

not own a house, adv

ise as to what would be within your price range and

optimal

lending options

Retirement Planning

-

Analyze current contributions and

offer advice as to increasing or decreasing contributions

-

Advise as to what ty

pe of accounts should

you consider

open

ing (qualified or non

-

qualified)

College Planning

-

Analyze projected cost of college based on information given

-

Make suggestions as to what type of accounts should be opened

and how much

you

should

consider contributing

Investment Planning

-

Analyze your investment holdings. Check to see if they are

suitable for

your

risk tolerance

and time horizons

-

Determine

accounts that can be transferred and/or consolidated

-

Determine if

you have

funds that should be invested

Insurance Planning

-

Analyze coverage pertaining to life, disability, long

-

term care, home and auto, or any other

cover

age

you or your family

may have

-

Identify catast

rophic risk exposure and areas you

may choose to self

-

insure

Estate Planning

-

Analyze estate planning desires and current risk exposures

-

Advise if its advantageous to open up a Will and/or Trust and explain why

Prioritize Goals

-

Identify your areas of concerns and prioritize how the order in how they should be

addr

essed

-

Suggest a time table

as to when each action item

should be completed

Personal Case Study

The purpose of this assignment is to analyze your financial situation and make suggestions that would

help you reduce financial risk exposure and improve your current and future financial situations.

You are required to analyze and advise on the following subjects:

Net Worth Statement

- Include in final project

Budget Planning

- Analyze current cash flow

- Offer budgeting advice and things you might consider changing

- Review and analyze current mortgages and determine if you should consider refinancing. If

you do not own a house, advise as to what would be within your price range and optimal

lending options

Retirement Planning

- Analyze current contributions and offer advice as to increasing or decreasing contributions

- Advise as to what type of accounts should you consider opening (qualified or non-qualified)

College Planning

- Analyze projected cost of college based on information given

- Make suggestions as to what type of accounts should be opened and how much you should

consider contributing

Investment Planning

- Analyze your investment holdings. Check to see if they are suitable for your risk tolerance

and time horizons

- Determine accounts that can be transferred and/or consolidated

- Determine if you have funds that should be invested

Insurance Planning

- Analyze coverage pertaining to life, disability, long-term care, home and auto, or any other

coverage you or your family may have

- Identify catastrophic risk exposure and areas you may choose to self-insure

Estate Planning

- Analyze estate planning desires and current risk exposures

- Advise if its advantageous to open up a Will and/or Trust and explain why

Prioritize Goals

- Identify your areas of concerns and prioritize how the order in how they should be

addressed

- Suggest a time table as to when each action item should be completed