Nov 30, 2023
BMGT 1005 - Personal Financial Planning Credits: 3
Hours/Week: Lecture 3 Lab None
Course Description: This course covers the challenges that individuals face in the financial planning process and potential solutions to those issues. Topics include budgeting income, individual taxation, consumer loans, student loans, bank accounts, investment products, disability plans, retirement plans, and estate planning.
- Overview of financial planning
- Income budgeting and techniques
- Tax advantaged expenditures and investments
- Bank services and products
- Stocks, Bonds, Annuities, and Mutual Funds
- Disability income planning
- Life Insurance planning
- Retirement planning
- Estate planning
At the end of the course the student will be able to:
- explain the need for financial planning.
- plan a budget.
- evaluate the advantages and disadvantages of consumer and student loans.
- identify the benefits and limitations of bank accounts.
- identify various investment objectives and products.
- explain the need for disability planning and potential solutions.
- identify life insurance needs and products.
- determine retirement planning needs and products.
- identify estate planning issues and documents.
Competency 1 (1-6)
Competency 2 (7-10)
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