Finc 355 and 430 week 3

Finc 430:

Discussion Questions:

· In what way does the concept of "Time Value of Money" affect you directly? Provide an example and let's discuss.

· How does the Federal Reserve (The Fed) affect interest rates? How much control does the Fed have on interest rates? Do you think the Fed has too much control or not enough?

Assignment:

Please answer the Self-Test questions in Chapter 3, p.59.  Chapter 4, p.112 answer only first and third questions. Chapter 6, answer the first and second Selt-Test question  on p. 197. Your answers do not need to be overly long. A one sentence response might be too short.

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Finc 355:

Discussion:

· (a) what does it take to write a  will - contest a will, testamentary capacity, witnesses, codicil, dependent relative revocation (b) can you disinherit family - how (c) community property and your spouse and former spouse - what about TSP and pension? (d) house with reverse mortgage (e) potential liabilities of personal representative or executor (trix), (e) revoking a will (f) life estates (g) inter vivos trusts (h) remainder trusts (i) POD and totten trusts (j) intangible personal property - examples, issues - digital library (k) tenancy - joint versus common or entirety v tentancy for years (l) power of attorney and conservatorship (m) living will, medical POA, medical directive, do not rescucitate   OR anything elses that is relevant.

· Describe a pension plan you know - how good is it?  Are changes likely?  

OR Discuss characteristics:  Portability, When can you retire?  Survivorship benefits? Health care benefits? 

OR

What about unmarried couples?  Same sex couples?  Former spouses? 

OR

How does US compare to other countries? 

Quiz 3