FHCE 2100 Lecture Notes - Lecture 10: Life Insurance, Income Statement, List Of Fables Characters
8 Mar 2018
School
Course
Professor
Document Summary
More than 1 in 6 u. s. teens cannot make simple spending choices and only 1 in 10 can solve complex financial tasks. 17. 8% of u. s. students do not reach baseline level of financial proficiency. The financial literacy and education commission was established under the fair and accurate credit transactions act of 2003. Tasked to develop national strategy on financial education & a website (mymoney. gov: chaired by the secretary of treasury. What will plans do: achieve your financial goals, achieve financial independence, invest intelligently, minimize your payments to uncle sam, cover your assets with insurance. Stage 1: the early years a time of wealth accumulation. Stage 3: the retirement years: reduce investment risk, concentrate on preservation rather than growth of assets, plan for the transfer of your estate (your will) (ages 65+) Step 1: evaluate your financial health: evaluate current situation: income, spending, wealth. Step 5: review your progress, re-evaluate, and revise your plan.
