Personal Finance Rutgers. The State University of New Jersey – New Brunswick/Piscataway Personal finance plan

Appendix: Charts, budgets, income statements or balance sheets, computations, pictures, etc… (should be located at the end of the Personal Financial Plan paper)

5%

Current situation (what is your story and how does it affect your current financial situation?) and Goals (Short term , intermediate, long term), family status current and future,

Budgeting, Savings plan (It would be helpful to have charts or visuals)

Banking

Taxes (current and future)

Personal Loans (auto, home, education, business, etc…)

Credit and credit cards (managing and assessment of credit )

Identity theft (awareness and preventing)

Insurance (life and medical, disability… how much do you need? Supplemental insurance outside of employment)

Insurance (auto and home)

Healthcare planning (long term care, advance health directive)

Investing (risk tolerance, asset allocation, diversification, asset classes, passive income, portfolio, timed goals, kids college fund, creating generational wealth? etc…)

Retirement planning (401k, IRAs, ROTHs, life expectancy, saving for retirement, retirement income, inflation, supporting parents? Supporting children? Retiring overseas? Retiring early? Medicare, Medicaid, social security, long term care)

Estate planning (Wills, trusts, power of attorney, trustees, executor, beneficiary, insurance benefits, retirement account benefits, Paid-upon-death accounts, joint tenants, exclusions of persons in Wills, probate, intestate, leaving your legacy behind…)

What you learned from class and are applying to your life, guest speakers

Back-up plans and overcoming future obstacles