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Course Description:
Participants who attend this course will be able to set up a financial plan for all their financial goals including paying off debts, building wealth, buying a home, saving for children's college, and retirement.
Course Objectives:
- Formulate realistic goals.
- Set up and effectively use a spending plan.
- Learn how to pay off credit cards, student loans, and other debts more quickly.
- Uncover easy and creative ways to save.
- Review ten important wealth building tips.
- Assess the power of compounding and the impact of inflation.
- Complete a personalized risk tolerance survey.
- Incorporate three essential tools to help manage risk.
- Identify the basics on stocks, bonds, and mutual funds.
- Calculate the money needed to be saved each year for a secure retirement.
- Compare the four types of Individual Retirement Accounts (IRAs) and the eligibility features of each.
- Discover the current contribution limits for employer retirement plans and IRAs.
- Draft action plans for home purchase and other large goals without shortchanging retirement savings.
- Establish regular investment plans for all goals.
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