FIN 502 Chapter Notes - Chapter 1: Quicken, Estate Planning, Mint.Com

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2 Jul 2013
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Financial planning process series of decisions on how much money you need at some future time in order to meet your goals, and how you will get that money. Goals monetary terms and have some date attached to them in order to plan for them: 2 sources have some money now invest over time. Earn money by working consume some money as well with net amount (savings) Financial goal (at time n) = existing savings + investment for n years on the existing savings + (earnings consumption each year) + investment income on the annual savings. Chapters 17-18 retirement planning specific goal of a comfortable retirement: chapter 17- retirement planning, chapter 18- maturation of the retirement plan. Concentrate on finance principles environment which you make decisions change: level of interest rate and inflation rate, trends in consumer spending, expectations about future incomes, personal financial planning.

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