Questions from Personal Finance

Q: Describe employee benefit and tax planning. How do they fit into

Describe employee benefit and tax planning. How do they fit into the financial planning framework?

Q: There’s no sense in worrying about retirement until you reach middle age

There’s no sense in worrying about retirement until you reach middle age.” Discuss this point of view.

Q: Discuss briefly how the following situations affect personal financial planning:

Discuss briefly how the following situations affect personal financial planning: a. Being part of a dual-income couple b. Major life changes, such as marriage or divorce c. Death of a spouse

Q: What is a professional financial planner? Does it make any difference

What is a professional financial planner? Does it make any difference whether the financial planner earns money from commissions made on products sold as opposed to the fees he or she charges?

Q: Discuss the following statement: “The interactions among government, business

Discuss the following statement: “The interactions among government, business, and consumers determine the environment in which personal financial plans must be made.”

Q: What are the stages of an economic cycle? Explain their significance

What are the stages of an economic cycle? Explain their significance for your personal finances.

Q: What is inflation, and why should it be a concern in

What is inflation, and why should it be a concern in financial planning?

Q: All people who have equivalent formal education earn similar incomes.” Do

All people who have equivalent formal education earn similar incomes.” Do you agree or disagree with this statement? Explain your position.

Q: Discuss the need for career planning throughout the life cycle and its

Discuss the need for career planning throughout the life cycle and its relationship to financial planning. What are some of your own personal career goals?

Q: What are the two types of personal financial statements? What is

What are the two types of personal financial statements? What is a budget, and how does it differ from personal financial statements? What role do these reports play in a financial plan?