Case Study-Assigned Cases
The purpose of this assignment is to analyze your assigned family’s financial situation and offer suggestions that would help reduce financial risk exposure and improve their current and future financial situations.
You are required to analyze and advise on the following subjects:
· Analyze current cash flow
· Offer budgeting advice and things they might consider changing
· Review and analyze current mortgages and determine if the person(s) should consider refinance. If your person does not own a house, advise as to what would be within their price range and what would be their 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 the person(s) should 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 they should consider contributing
Investment Planning
· Help person’s allocate investments that would be suitable for their risk tolerance and time horizons
· Advise on current investments if person(s) disclose of any
· Determine if there are accounts that can be transferred and/or consolidated
· Determine if the person(s) has funds that should be invested
Insurance Planning
· Analyze coverage pertaining to life, disability, long-term care, home and auto, or any other coverage your person(s) may have
· Identify catastrophic risk exposure and areas they 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 person(s) 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
Students are required to use knowledge acquired from reading the textbook, class presentations, and discussions. Its highly recommended that students seek additional resources to complete this assignment.
This assignment should be approximately 8 pages (not including the cover page). The categories listed above should be addressed separately and clearly labeled.
Case Study
–
Assigned Cases
The purpose of this assignment is to analyze your assigned family’s financial situation and offer
suggestions that would help reduce financial risk exposure and improve their current and future
financial situations.
You are
required to analyze and advise on the following subjects:
Budget
Planning
–
Analyze current cash flow
–
Offer budgeting advice
and things they might consider changing
–
Review and analyze current mortgages and determine if the person(s) should
consider
refinance
. If your person
do
es
not own a house, advise as to what would
be within their price range and what would
be their optimal lending options
Retirement Planning
–
Analyze current contributions and
offer advice as to increasing or decreasing
contributions
–
Ad
vise as to what type of accounts should the person(s) should 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 they
should consider contributing
Investment Planning
–
Help
person’s
allocate investments that would be suitable for their risk tolerance
and time horizons
–
Advise on current investments if person(s) disclose of any
–
Determine if there are accounts that can be
transferred and/or consolidated
–
Determine if the person(s) has funds that should be invested
Insurance Planning
–
Analyze coverage pertaining to life, disability, long
–
term care, home
and
auto, or any
other cover
age your
person
(s)
may have
–
Identify catastr
ophic risk exposure and areas they 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
Case Study-Assigned Cases
The purpose of this assignment is to analyze your assigned family’s financial situation and offer
suggestions that would help reduce financial risk exposure and improve their current and future
financial situations.
You are required to analyze and advise on the following subjects:
Budget Planning
– Analyze current cash flow
– Offer budgeting advice and things they might consider changing
– Review and analyze current mortgages and determine if the person(s) should
consider refinance. If your person does not own a house, advise as to what would
be within their price range and what would be their 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 the person(s) should 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 they
should consider contributing
Investment Planning
– Help person’s allocate investments that would be suitable for their risk tolerance
and time horizons
– Advise on current investments if person(s) disclose of any
– Determine if there are accounts that can be transferred and/or consolidated
– Determine if the person(s) has funds that should be invested
Insurance Planning
– Analyze coverage pertaining to life, disability, long-term care, home and auto, or any
other coverage your person(s) may have
– Identify catastrophic risk exposure and areas they 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
