This edition equips aspiring financial planners with the essential tools and knowledge to excel in practice, emphasizing an experiential learning process through practical application. By engaging with the real-world scenarios presented in the book, students gain valuable hands-on experience in financial planning, allowing them to refine their skills while navigating complex financial situations. The case studies included in this book offer critical insights into the financial planning process, helping students learn how to apply theoretical concepts to real-life challenges.
This book is not only a resource for understanding the fundamentals of financial planning, but it also serves as a bridge connecting academic theory to the day-to-day responsibilities of a financial planner. It prepares students to meet client needs and make informed financial decisions effectively. Through its structured approach, The Case Approach to Financial Planning fosters a deep understanding of the complexities of financial planning and instills confidence in those entering the profession.
This title features:
- A content review of the major subject areas typically taught in a college-level financial planning curriculum.
- New and updated content related to cash flow planning, taxes, insurance, investment planning, retirement planning, and estate planning.
- A comprehensive review of important financial planning mathematical formulas and procedures.
- A variety of case studies, including ten-question mini-cases, comprehensive case studies covering topics such as insurance, financial and education planning, and mini-case studies focused on ethics and practice standards.
- Chapter-based case examples that illustrate how financial planning strategies can be developed to meet client-specific needs.
- Quantitative/analytical mini case studies that feature multiple-choice questions designed to develop a student's ability to analyze, evaluate, and synthesize data to create appropriate recommendations matched to a client's needs.
- Chapter-based learning aids, including access to a fully integrated Financial Planning Analysis ExcelTM package and other online support materials.
- Financial planning strategies that can be applied to a variety of clients and client circumstances.
- Instructions on how to do calculations essential to creating a financial plan.
- New and revised case studies on topics ranging from the psychology of financial planning to estate planning.
New in the 6th Edition:
- Know the Definitions – a reference of key terms and definitions related to the chapter topic.
- Knowledge Check Questions – ten to fifteen multiple choice questions at the end of each chapter, with answers and solutions, written to test comprehension of chapter topics.
- An updated version of the Financial Planning Analysis ExcelTM package.
- New Chapter 14 cases and revisions to reflect regulatory and tax law changes.
- Updated PowerPoint slides (available on the publisher's website).
Key Topics Covered:
- The Financial Planning Process
- Financial Planning Computations
- Cash Flow and Net Worth Planning
- Income Tax Planning
- Life Insurance Planning
- Health Insurance Planning
- Disability Insurance Planning
- Long-Term Care Insurance Planning
- Property and Casualty Insurance Planning
- Education Planning
- Retirement Planning
- Estate Planning