Financial Planning Basics for Individuals

Course Description:

This basic course covers the overall approach by the individuals to the financial planning process. It encompasses the areas of   expertise needed by individuals to do the process or to know when they need a professional financial planner. Coverage of the areas of the financial plan is provided through basic discussion of the concepts, theories, and definitions involved in the financial planning process. Guidelines are provided for the individual’s implementation of the financial planning process, from the data gathering, risk management, investment selection, through the implementation of the financial plan, and the periodic reviews.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Identify details of the data-gathering portion of the engagement.
• Determine their personal and financial goals.
• Examine the various kinds of risks associated with investing.
• Identify other information to be used in the financial planning process.
• Introduce the individual to the process of financial planning and the risks involved.
• Examine the different kinds of life insurance available and the guidelines as to which may be appropriate.
• Discuss the investment choices and the time frame involved.