PIW 112 - Foundations of Personal Financial Management
Course Description
To make smart decisions with your money, you need a broad understanding of personal finance and financial management in all areas of your financial life. Start by looking at the big picture and gain a solid overview of topics such as the financial planning process, own versus leasing a vehicle, retirement accounts, pension plans, investment concepts and advice, taxation, estate planning topics, the impact of COVID-19 and various types of insurance.
Course Details
By completion of this course, successful students will be able to:
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Describe the steps in the financial planning process, retirement and investment planning concepts, basic taxation understanding and estate planning issues.
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Identify the terminology used by financial advisors and other investment and estate professionals.
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Apply the information learned to proactively participate in discussions about retirement, investments, debt payback, insurance and estate issues.
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Analyze and prioritize the issues affecting your own financial situations and create a roadmap to planning for your present and future needs.
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Discuss current financial management topics and market trends and conditions.