CONTENTS
Dedication............................................................................................................................................ iii
About the Authors................................................................................................................................. v
Preface to the Eighth Edition................................................................................................................. ix
Introduction.......................................................................................................................................... xi
Chapter 1: What is Financial Planning?.............................................................................................. 1
Chapter 2: Who is a Financial Planner?.............................................................................................. 5
Chapter 3: Steps in the Financial Planning Process.............................................................................. 9
Chapter 4: Tools in the Financial Planning Process............................................................................ 15
Chapter 5: Attitudes and Behavioral Characteristics of Clients........................................................... 29
Chapter 6: Financial Services Industry Regulations............................................................................ 33
Chapter 7: Ethics and Disciplinary Rules.......................................................................................... 43
Chapter 8: Financial Planning Practice Standards.............................................................................. 65
Chapter 9: Financial Goals – Current Lifestyle.................................................................................. 85
Chapter 10: Education Funding.......................................................................................................... 89
Chapter 11: Retirement Issues......................................................................................................... 133
Chapter 12: Special Circumstances.................................................................................................. 141
Chapter 13: Special Needs.............................................................................................................. 147
Chapter 14: Estate Planning............................................................................................................. 151
Chapter 15: Budgeting and Cash Management.................................................................................. 175
Chapter 16: Personal Financial Statements....................................................................................... 187
Chapter 17: Credit and Debt Management........................................................................................ 197
Chapter 18: Financing Asset Acquisitions......................................................................................... 217
Chapter 19: Economic Concepts...................................................................................................... 249
Chapter 20: Time Value of Money and Quantitative Analysis............................................................ 275
Chapter 21: Financial Institutions...................................................................................................... 295
Chapter 22: Business Entities........................................................................................................... 315
Chapter 23: Ownership of Property.................................................................................................. 321
Chapter 24: Business Law............................................................................................................... 325
Chapter 25: Monetary Settlement Planning....................................................................................... 339
Chapter 26: Risk Management and Insurance................................................................................... 345
Chapter 27: Income Tax Planning.................................................................................................... 359
Chapter 28: Investment Planning...................................................................................................... 385
Chapter 29: Retirement Planning...................................................................................................... 395
Chapter 30: Charitable Planning....................................................................................................... 419
Case Studies
Jason and Andrea Dalton.................................................................................................................... 427
Phillip and Marsha Sanders................................................................................................................. 433
James Wilson and Harold Newton....................................................................................................... 439
Janice Peterson.................................................................................................................................. 444
Tom and Sharon Brown...................................................................................................................... 449
Cindy Wilson..................................................................................................................................... 452
Jeff and Sharon Williams.................................................................................................................... 457
Appendices
Appendix A Present Value of Lump Sum......................................................................................... 463
Appendix B Present Value of Annuity Due....................................................................................... 467
Appendix C Present Value of Ordinary Annuity................................................................................ 471
Appendix D Future Value of Lump Sum........................................................................................... 475
Appendix E Future Value of Annuity Due........................................................................................ 481
Appendix F Future Value of Ordinary Annuity.................................................................................. 487
Appendix G Tax Exempt Equivalents................................................................................................ 493
Appendix H Useful Financial Web Sites............................................................................................ 497
Index............................................................................................................................................... 499