دانلود کتاب Personal Finance

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Table of Contents and Preface
Halftilte
Introduction
Titlepage
Copyright
Brief Contents
1 Planning Your Personal Finances
2 Managing Your Personal Finances
3 Making Your Purchasing Decisions
4 Insuring Your Resources
5 Investing Your Financial Resources
6 Controlling Your Financial Future
Dedication
About the authors
Jack R. Kapoor, EdD
Les R. Dlabay, EdD
Robert J. Hughes, EdD
Melissa M. Hart, CPA
Preface
What’s Next?
Text and Digital Package
Our Focus on Students and Professors
Acknowledgments
ASSURANCE OF LEARNING
STOCKTRAK’S PERSONAL FINANCE PRODUCT: U.S. INVESTING SIMULATION AND PERSONAL BUDGETING GAME
Personal Finance Offers You Everything You Have Always Expected . . . and More!
FINANCIAL LITERACY IN MY LIFE
Guided Tour
Learning Objectives
Financial Literacy in Your Life
My Life
How To . . .
Financial Literacy for My Life
Financial Literacy Calculations
Key Terms
My Life Boxes
Smart Money Minute
Personal FinTech
Highlighted Examples
Practice Quiz
Personal Finance Roadmap and Dashboard
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Personal Financial Planner Sheets
Connect
Instructors: Student Success Starts with You
Students: Get Learning that Fits You
Contents
1 Planning Your Personal Finances
2 Managing Your Personal Finances
3 Making Your Purchasing Decisions
4 Insuring Your Resources
5 Investing Your Financial Resources
6 Controlling Your Financial Future
Chapter 1: Personal Finance Basics and the Time Value of Money
Introduction
The Financial Planning Process
STEP 1: DETERMINE YOUR CURRENT FINANCIAL SITUATION
STEP 2: DEVELOP FINANCIAL GOALS
STEP 3: IDENTIFY ALTERNATIVE COURSES OF ACTION
STEP 4: EVALUATE YOUR ALTERNATIVES
STEP 5: CREATE AND IMPLEMENT YOUR FINANCIAL ACTION PLAN
STEP 6: REVIEW AND REVISE YOUR PLAN
Influences on Personal Financial Planning
LIFE SITUATION AND PERSONAL VALUES
THE FINANCIAL SYSTEM AND ECONOMIC FACTORS
Developing Personal Financial Goals
TYPES OF FINANCIAL GOALS
GOAL-SETTING GUIDELINES
Opportunity Costs and the Time Value of Money
PERSONAL OPPORTUNITY COSTS
FINANCIAL OPPORTUNITY COSTS
Achieving Financial Goals
COMPONENTS OF PERSONAL FINANCIAL PLANNING
DEVELOPING A FLEXIBLE FINANCIAL PLAN
IMPLEMENTING YOUR FINANCIAL PLAN
STUDYING PERSONAL FINANCE
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Daily Spending Diary (Instructions and Sheets)
Chapter 1 Appendix: The Time Value of Money
Chapter 1 Appendix: The Time Value of Money
Interest Rate Basics
Future Value of a Single Amount
Future Value of a Series of Equal Amounts (an Annuity)
Present Value of a Single Amount
Present Value of a Series of Equal Amounts (an Annuity)
Using Present Value to Determine Loan Payments
Answers to Sample Problems (based on TVM tables)
Time Value of Money Application Exercises
Time Value of Money Calculation Methods: A Summary
Chapter 2: Financial Aspects of Career Planning
Introduction
Career Choice Factors
TRADE-OFFS OF CAREER DECISIONS
CAREER TRAINING AND SKILL DEVELOPMENT
PERSONAL FACTORS
CAREER DECISION-MAKING
Career Opportunities: Now and in the Future
SOCIAL INFLUENCES
ECONOMIC CONDITIONS
INDUSTRY TRENDS
Employment Search Strategies
OBTAINING EMPLOYMENT EXPERIENCE
USING CAREER INFORMATION SOURCES
IDENTIFYING JOB OPPORTUNITIES
APPLYING FOR EMPLOYMENT
Financial and Legal Aspects of Employment
ACCEPTING AN EMPLOYMENT POSITION
EVALUATING EMPLOYEE BENEFITS
YOUR EMPLOYMENT RIGHTS
Long-Term Career Development
TRAINING OPPORTUNITIES
CAREER PATHS AND ADVANCEMENT
CHANGING CAREERS
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 2 Appendix: Résumés, Cover Letters, and Interviews
Chapter 2 Appendix: Résumés, Cover Letters, and Interviews
Developing a Résumé
Creating a Cover Letter
The Job Interview
PREPARING FOR THE INTERVIEW
THE INTERVIEW PROCESS
Chapter 3: Money Management Strategy: Financial Statements and Budgeting
Introduction
Successful Money Management
OPPORTUNITY COST AND MONEY MANAGEMENT
COMPONENTS OF MONEY MANAGEMENT
A PERSONAL FINANCIAL RECORDS SYSTEM
Personal Financial Statements
THE PERSONAL BALANCE SHEET: WHERE ARE YOU NOW?
EVALUATING YOUR FINANCIAL POSITION
THE CASH FLOW STATEMENT: WHERE DID YOUR MONEY GO?
Budgeting for Skilled Money Management
THE BUDGETING PROCESS
CHARACTERISTICS OF SUCCESSFUL BUDGETING
TYPES OF BUDGETING SYSTEMS
Money Management and Achieving Financial Goals
IDENTIFYING SAVING GOALS
SELECTING A SAVING TECHNIQUE
CALCULATING SAVINGS AMOUNTS
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 3 Appendix: Financial Planners and Other Information Sources
Introduction
Online Resources
Financial Institutions
Courses and Seminars
Personal Finance Software and Apps
Financial Planning Specialists
WHO ARE THE FINANCIAL PLANNERS?
DO YOU NEED A FINANCIAL PLANNER?
HOW SHOULD YOU SELECT A FINANCIAL PLANNER?
HOW ARE FINANCIAL PLANNERS CERTIFIED?
Chapter 4: Planning Your Tax Strategy
Introduction
Taxes and Financial Planning
TAXES ON PURCHASES
TAXES ON PROPERTY
TAXES ON WEALTH
TAXES ON EARNINGS
Income Tax Fundamentals
STEP 1: DETERMINING ADJUSTED GROSS INCOME
STEP 2: COMPUTING TAXABLE INCOME
STEP 3: CALCULATING TAXES OWED
MAKING TAX PAYMENTS
DEADLINES AND PENALTIES
Filing Your Federal Income Tax Return
WHO MUST FILE?
WHICH TAX FORMS AND SCHEDULES SHOULD YOU USE?
COMPLETING THE FEDERAL INCOME TAX RETURN
CORRECTING THE FEDERAL RETURN
FILING STATE INCOME TAX RETURNS
Tax Assistance and the Audit Process
TAX INFORMATION SOURCES
TAX PREPARATION SOFTWARE
TAX PREPARATION SERVICES
WHAT IF YOUR RETURN IS AUDITED?
Tax Planning Strategies
CONSUMER PURCHASING
INVESTMENT DECISIONS
RETIREMENT AND EDUCATION PLANS
TAX-SAVINGS STRATEGIES: A SUMMARY
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 5: Financial Services: Savings Plans and Payment Methods
Introduction
Financial Services for Financial Planning
MANAGING DAILY MONEY NEEDS
TYPES OF FINANCIAL SERVICES
ONLINE AND MOBILE BANKING
BANKING APPS AND DIGITAL WALLETS
PREPAID DEBIT CARDS
FINANCIAL SERVICES AND ECONOMIC CONDITIONS
Financial Service Providers
DEPOSIT INSTITUTIONS
OTHER FINANCIAL INSTITUTIONS
COMPARING FINANCIAL-SERVICE PROVIDERS
Savings Plans
SAVINGS ACCOUNTS
CERTIFICATES OF DEPOSIT
MONEY MARKET ACCOUNTS AND FUNDS
SAVINGS BONDS
Evaluating Savings Plans
RATE OF RETURN
INFLATION
TAX CONSIDERATIONS
LIQUIDITY
SAFETY
RESTRICTIONS AND FEES
Payment Methods
Digital PAYMENTS
TYPES OF CHECKING ACCOUNTS
EVALUATING CHECKING ACCOUNTS
MANAGING YOUR CHECKING ACCOUNT
OTHER PAYMENT METHODS
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 6: Introduction to Consumer Credit
Introduction
What Is Consumer Credit?
THE IMPORTANCE OF CONSUMER CREDIT IN OUR ECONOMY
USES AND MISUSES OF CREDIT
ADVANTAGES OF CREDIT
DISADVANTAGES OF CREDIT
SUMMARY: ADVANTAGES AND DISADVANTAGES OF CREDIT
Types of Credit
CLOSED-END (or installment) CREDIT
OPEN-END (or Revolving) CREDIT
Measuring Your Credit Capacity
CAN YOU AFFORD A LOAN?
GENERAL RULES OF CREDIT CAPACITY
COSIGNING A LOAN
BUILDING AND MAINTAINING YOUR CREDIT RATING
Applying for Credit
A SCENARIO FROM THE PAST
WHAT CREDITORS LOOK FOR: THE FIVE Cs OF CREDIT MANAGEMENT
WHAT IF YOUR APPLICATION IS DENIED?
Avoiding and Correcting Credit Mistakes
IN CASE OF A BILLING ERROR
YOUR CREDIT RATING DURING THE DISPUTE
DEFECTIVE GOODS OR SERVICES
IDENTITY CRISIS: WHAT TO DO IF YOUR IDENTITY IS STOLEN
Complaining about Consumer Credit
COMPLAINTS ABOUT BANKS
PROTECTION UNDER CONSUMER CREDIT LAWS
YOUR RIGHTS UNDER CONSUMER CREDIT LAWS
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 7: Choosing a Source of Credit: The Costs of Credit Alternatives
Introduction
Sources of Consumer Credit
WHAT KIND OF LOAN SHOULD YOU SEEK?
The Cost of Credit
FINANCE CHARGE AND ANNUAL PERCENTAGE RATE
TACKLING THE TRADE-OFFS
CALCULATING THE COST OF CREDIT
WHEN THE REPAYMENT IS EARLY: THE RULE OF78s
CREDIT INSURANCE
COST OF CREDIT AND THE CREDIT CARD ACCOUNTABILITY, RESPONSIBILITY, AND DISCLOSURE ACT OF 2009 (THE CREDIT CARD ACT)
Managing Your Debts
DEBT COLLECTION PRACTICES
WARNING SIGNS OF DEBT PROBLEMS
THE SERIOUS CONSEQUENCES OF DEBT
Consumer Credit Counseling Services
WHAT THE CCCS DOES
ALTERNATIVE COUNSELING SERVICES
Declaring Personal Bankruptcy
THE BANKRUPTCY ABUSE PREVENTION AND CONSUMER PROTECTION ACT OF 2005
EFFECT OF BANKRUPTCY ON YOUR JOB AND YOUR FUTURE CREDIT
SHOULD A LAWYER REPRESENT YOU IN A BANKRUPTCY CASE?
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 7 Appendix: Education Financing, Loans, and Scholarships
Introduction
Return on Investment
Increasing Costs of Education
FAFSA (Free Application for Federal Student Aid)
SCHOLARSHIPS
GRANTS
LOANS
REPAYING YOUR LOANS
WORK-STUDY PROGRAMS
Your Future and Financial Aid
Chapter 8: Consumer Purchasing Strategies and Legal Protection
Introduction
Consumer Buying Activities
FINANCIAL IMPLICATIONS OF CONSUMER DECISIONS
WISE PURCHASING STRATEGIES
WARRANTIES
Major Consumer Purchases: Buying Motor Vehicles
PHASE 1—PRESHOPPING ACTIVITIES
PHASE 2—EVALUATING ALTERNATIVES
PHASE 3—DETERMINING PURCHASE PRICE
PHASE 4—POSTPURCHASE ACTIVITIES
Resolving Consumer Complaints
STEP 1: INITIAL COMMUNICATION
STEP 2: COMMUNICATION WITH THE COMPANY
STEP 3: CONSUMER AGENCY ASSISTANCE
STEP 4: LEGAL ACTION
Legal Options for Consumers
SMALL CLAIMS COURT
CLASS-ACTION SUITS
USING A LAWYER
OTHER LEGAL ALTERNATIVES
PERSONAL CONSUMER PROTECTION
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 8 Appendix: Consumer Agencies and Organizations
Chapter 8 Appendix: Consumer Protection Agencies and Organizations
Section 1
Section 2
Chapter 9: The Housing Decision: Factors and Finances
Introduction
Housing Alternatives
YOUR CHOICE OF HOUSING
OPPORTUNITY COSTS OF HOUSING CHOICES
Renting versus Buying Housing
Housing Information Sources
Renting Your Residence
SELECTING A RENTAL UNIT
ADVANTAGES OF RENTING
DISADVANTAGES OF RENTING
COSTS OF RENTING
The Home-Buying Process
STEP 1: DETERMINE HOME OWNERSHIP NEEDS
STEP 2: FIND AND EVALUATE A PROPERTY TO PURCHASE
STEP 3: PRICE THE PROPERTY
The Finances of Home Buying
STEP 4: OBTAIN FINANCING
STEP 5: CLOSE THE PURCHASE TRANSACTION
HOME BUYING: A SUMMARY
Selling Your Home
PREPARING YOUR HOME FOR SELLING
DETERMINING THE SELLING PRICE
SALE BY OWNER
LISTING WITH A REAL ESTATE AGENT
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 10: Property and Motor Vehicle Insurance
Introduction
Insurance and Risk Management: An Introduction
WHAT IS INSURANCE?
TYPES OF RISKS
RISK MANAGEMENT METHODS
PLANNING AN INSURANCE PROGRAM
Property and Liability Insurance
POTENTIAL PROPERTY LOSSES
LIABILITY PROTECTION
Home and Property Insurance
HOMEOWNER’S INSURANCE COVERAGES
RENTER’S INSURANCE
HOME INSURANCE POLICY FORMS
Home Insurance Cost Factors
HOW MUCH COVERAGE DO YOU NEED?
FACTORS THAT AFFECT HOME INSURANCE COSTS
REDUCING HOME INSURANCE COSTS
Automobile Insurance Coverages
MOTOR VEHICLE BODILY INJURY COVERAGES
MOTOR VEHICLE PROPERTY DAMAGE COVERAGES
OTHER AUTOMOBILE INSURANCE COVERAGES
Automobile Insurance Costs
AMOUNT OF COVERAGE
AUTOMOBILE INSURANCE PREMIUM FACTORS
REDUCING AUTOMOBILE INSURANCE PREMIUMS
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 11: Health, Disability, and Long-Term Care Insurance
Introduction
Health Care Costs
HIGH MEDICAL COSTS
WHY DOES HEALTH CARE COST SO MUCH?
WHAT IS BEING DONE ABOUT THE HIGH COSTS OF HEALTH CARE?
WHAT CAN YOU DO TO REDUCE PERSONAL HEALTH CARE COSTS?
Health Insurance and Financial Planning
WHAT IS HEALTH INSURANCE?
MEDICAL COVERAGE AND DIVORCE
Types of Health Insurance Coverage
TYPES OF MEDICAL COVERAGE
LONG-TERM CARE INSURANCE
MAJOR PROVISIONS IN A HEALTH INSURANCE POLICY
HEALTH INSURANCE TRADE-OFFS
WHICH COVERAGE SHOULD YOU CHOOSE?
Private Sources of Health Insurance and Health Care
PRIVATE INSURANCE COMPANIES
HOSPITAL AND MEDICAL SERVICE PLANS
HEALTH MAINTENANCE ORGANIZATIONS
PREFERRED PROVIDER ORGANIZATIONS
HOME HEALTH CARE AGENCIES
EMPLOYER SELF-FUNDED HEALTH PLANS
NEW HEALTH CARE ACCOUNTS
Government Health Care Programs
MEDICARE
MEDICAID
HEALTH INSURANCE AND THE PATIENT PROTECTION AND AFFORDABLE CARE ACT OF 2010
The Affordable Care Act and the Individual Shared Responsibility Provision
FIGHT AGAINST MEDICARE/MEDICAID FRAUD AND ABUSE
GOVERNMENT AND PRIVATE CONSUMER HEALTH INFORMATION WEBSITES
Disability Income Insurance
DEFINITION OF DISABILITY
DISABILITY INSURANCE TRADE-OFFS
SOURCES OF DISABILITY INCOME
DETERMINING YOUR DISABILITY INCOME INSURANCE REQUIREMENTS
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 12: Life Insurance
Introduction
Life Insurance: An Introduction
WHAT IS LIFE INSURANCE?
THE PURPOSE OF LIFE INSURANCE
THE PRINCIPLE OF LIFE INSURANCE
HOW LONG WILL YOU LIVE?
Determining Your Life Insurance Needs
Evaluating your NEED for LIFE INSURANCE
DETERMINING YOUR LIFE INSURANCE OBJECTIVES
ESTIMATING YOUR LIFE INSURANCE REQUIREMENTS
ONLINE CALCULATORS AND APPS
Types of Life Insurance Companies and Policies
TYPES OF LIFE INSURANCE COMPANIES
TYPES OF LIFE INSURANCE POLICIES
TERM LIFE INSURANCE
WHOLE LIFE INSURANCE
OTHER TYPES OF LIFE INSURANCE POLICIES
Important Provisions in a Life Insurance Contract
PAYMENTS TO LIFE INSURANCE POLICIES
CLAUSES IN LIFE INSURANCE POLICIES
PAYMENTS FROM LIFE INSURANCE POLICIES
RIDERS TO LIFE INSURANCE POLICIES
Buying Life Insurance
FROM WHOM TO BUY?
COMPARING POLICY COSTS
OBTAINING A POLICY
EXAMINING A POLICY
Life Insurance Proceeds
DEATH (OR SURVIVOR) BENEFITS
INCOME FROM LIFE INSURANCE POLICIES
SWITCHING POLICIES
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Personal Financial Planner In Action
Continuing Case
Daily Spending Diary
Chapter 13: Investing Fundamentals
Introduction
Preparing for an Investment Program
ESTABLISHING INVESTMENT GOALS
PERFORMING A FINANCIAL CHECKUP
ECONOMIC FACTORS THAT CAN AFFECT YOUR PERSONAL FINANCES
GETTING THE MONEY NEEDED TO START AN INVESTMENT PROGRAM
HOW THE TIME VALUE OF MONEY AFFECTS YOUR INVESTMENTS
Factors Affecting the Choice of Investments
SAFETY AND RISK
THE RISK–RETURN TRADE-OFF
COMPONENTS OF THE RISK FACTOR
INVESTMENT INCOME
INVESTMENT GROWTH
INVESTMENT LIQUIDITY
Asset Allocation and Investment Alternatives
ASSET ALLOCATION AND DIVERSIFICATION
AN OVERVIEW OF INVESTMENT ALTERNATIVES
A PERSONAL PLAN FOR INVESTING
Factors That Reduce Investment Risk
YOUR ROLE IN THE INVESTMENT PROCESS
OTHER FACTORS THAT IMPROVE INVESTMENT DECISIONS
Sources of Investment Information
THE INTERNET
NEWSPAPERS AND NEWS PROGRAMS
BUSINESS PERIODICALS AND GOVERNMENT PUBLICATIONS
CORPORATE REPORTS
INVESTOR SERVICES AND NEWSLETTERS
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 14: Investing in Stocks
Introduction
Common and Preferred Stocks
WHY CORPORATIONS ISSUE COMMON STOCK
WHY INVESTORS PURCHASE COMMON STOCK
PREFERRED STOCK
Evaluating a Stock Issue
CLASSIFICATION OF STOCK INVESTMENTS
THE INTERNET
STOCK ADVISORY SERVICES
NEWSPAPER COVERAGE AND CORPORATE NEWS
Numerical Measures That Influence Investment Decisions
WHY CORPORATE EARNINGS ARE IMPORTANT
PROJECTED EARNINGS
DIVIDEND AND TOTAL RETURN CALCULATIONS
OTHER FACTORS THAT INFLUENCE THE PRICE OF A STOCK
INVESTMENT THEORIES
Buying and Selling Stocks
SECONDARY MARKETS FOR STOCKS
BROKERAGE FIRMS AND ACCOUNT EXECUTIVES
SHOULD YOU USE A FULL-SERVICE, DISCOUNT, OR ONLINE BROKERAGE FIRM?
COMMISSION CHARGES
COMPLETING STOCK TRANSACTIONS
Long-Term and Short-Term Investment Strategies
LONG-TERM TECHNIQUES
SHORT-TERM TECHNIQUES
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 15: Investing in Bonds
Introduction
Characteristics of Corporate Bonds
Why Corporations Sell Corporate Bonds
TYPES OF BONDS
PROVISIONS FOR REPAYMENT
Why Investors Purchase Corporate Bonds
THE PSYCHOLOGY OF INVESTING IN BONDS
INTEREST INCOME
DOLLAR APPRECIATION OF BOND VALUE
BOND REPAYMENT AT MATURITY
A TYPICAL BOND TRANSACTION
THE MECHANICS OF A BOND TRANSACTION
Government Bonds and Debt Securities
U.S. TREASURY BILLS, NOTES, AND BONDS
FEDERAL AGENCY DEBT ISSUES
STATE AND LOCAL GOVERNMENT SECURITIES
The Decision to Buy or Sell Bonds
THE INTERNET
FINANCIAL COVERAGE FOR BOND TRANSACTIONS
ANNUAL REPORTS
BOND RATINGS
BOND YIELD CALCULATIONS
OTHER SOURCES OF INFORMATION
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 16: Investing in Mutual Funds
Introduction
Why Investors Purchase Mutual Funds
THE PSYCHOLOGY OF INVESTING IN FUNDS
CHARACTERISTICS OF MUTUAL FUNDS
Classifications of Mutual Funds
STOCK FUNDS
BOND FUNDS
OTHER FUNDS
The Benefits of Portfolio Construction
How to Decide to Buy or Sell Mutual Funds
MANAGED FUNDS VERSUS INDEXED FUNDS
THE INTERNET
PROFESSIONAL ADVISORY SERVICES
MUTUAL FUND PROSPECTUS AND ANNUAL REPORT
NEWSPAPERS AND FINANCIAL PUBLICATIONS
The Mechanics of a Mutual Fund Transaction
RETURN ON INVESTMENT
TAXES AND MUTUAL FUNDS
PURCHASE OPTIONS
WITHDRAWAL OPTIONS
Summary of Learning Objectives
Key Terms
Key Formulas
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 17: Investing in Real Estate and Other Investment Alternatives
Introduction
Investing in Real Estate
DIRECT REAL ESTATE INVESTMENTS
INDIRECT REAL ESTATE INVESTMENTS
Advantages of Real Estate Investments
A POSSIBLE HEDGE AGAINST INFLATION
EASY ENTRY
LIMITED FINANCIAL LIABILITY
NO MANAGEMENT CONCERNS
FINANCIAL LEVERAGE
Disadvantages of Real Estate Investments
ILLIQUIDITY
DECLINING PROPERTY VALUES
LACK OF DIVERSIFICATION
LACK OF A TAX SHELTER
LONG DEPRECIATION PERIOD
MANAGEMENT PROBLEMS
Investing in Precious Metals, Gems, and Collectibles
GOLD
SILVER, PLATINUM, PALLADIUM, AND RHODIUM
PRECIOUS STONES
COLLECTIBLES
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal financial Plan
Continuing Case
Daily Spending Diary
Chapter 18: Starting Early: Retirement Planning
Introduction
Why Retirement Planning?
TACKLING THE TRADE-OFFS
THE IMPORTANCE OF STARTING EARLY
THE POWER OF COMPOUNDING
THE BASICS OF RETIREMENT PLANNING
Conducting a Financial Analysis
REVIEW YOUR ASSETS
YOUR ASSETS AFTER DIVORCE
Retirement Living Expenses
ADJUST YOUR EXPENSES FOR INFLATION
Planning Your Retirement Housing
TYPE OF HOUSING
AVOIDING RETIREMENT HOUSING TRAPS
Planning Your Retirement Income
SOCIAL SECURITY
Other public pension plans
EMPLOYER PENSION PLANS
Personal Retirement Plans
ANNUITIES
WILL YOU HAVE ENOUGH MONEY DURING RETIREMENT?
Living on Your Retirement Income
TAX ADVANTAGES
WORKING DURING RETIREMENT
INVESTING FOR RETIREMENT
DIPPING INTO YOUR NEST EGG
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Chapter 19: Estate Planning
Introduction
Why Estate Planning?
WHAT IS ESTATE PLANNING?
IF YOU ARE MARRIED
IF YOU NEVER MARRIED
NEW LIFESTYLES
THE OPPORTUNITY COST OF RATIONALIZING
Legal Aspects of Estate Planning
WILLS
Types and Formats of Wills
TYPES OF WILLS
FORMATS OF WILLS
WRITING YOUR WILL
ALTERING OR REWRITING YOUR WILL
LIVING WILL AND ADVANCE DIRECTIVES
ETHICAL WILL
SOCIAL MEDIA WILL
POWER OF ATTORNEY
LETTER OF LAST INSTRUCTION
Types of Trusts and Estates
BENEFITS OF ESTABLISHING TRUSTS
TYPES OF TRUSTS
ESTATES
SETTLING YOUR ESTATE
Federal and State Estate Taxes
TYPES OF TAXES
TAX AVOIDANCE AND TAX EVASION
CALCULATING THE TAX
PAYING THE TAX
Summary of Learning Objectives
Key Terms
Self-Test Problems
Self-Test Solutions
Financial Planning Problems
Digital Financial Literacy
Financial Planning Case
Your Personal Financial Plan
Continuing Case
Daily Spending Diary
Personal Financial Planner
Personal Financial Planner
Preface
Table of Contents
1 Personal Data
2 Financial Institutions and Advisors
3 Personal Financial Goals
4 Current Economic Conditions
5 Time Value of Money
6 Career Research Sheet
7 Career Contacts
8 Résumé Planning
9 Cover Letter Planning
10 Prospective Employer Research
11 Interview Preparation
12 Employee Benefits Comparison
13 Career Development and Advancement
14 Financial Documents and Records
15 Personal Balance Sheet
16 Personal Cash Flow Statement
17 Cash Budget
18 Annual Budget Summary
19 College Education Savings Plan
20 Income Tax Estimate
21 Tax Preparer Comparison
22 Tax Planning Activities
23 Financial Services Planning
24 Saving to Achieve Financial Goals
25 Savings Plan Comparison
26 Payment Account Comparison
27 Payment Account Cost Analysis
28 Checking Account Reconciliation
29 Consumer Credit Usage
30 Credit Card Comparison
31 Consumer Loan Comparison
32 Unit Pricing Worksheet
33 Consumer Purchase Comparison
34 Transportation Needs
35 Used-Car Comparison
36 Buying or Leasing a Motor Vehicle
37 Comparing Cash and Credit Purchases
38 Auto Operation Costs
39 Legal Services Comparison
40 Housing Needs
41 Renting or Buying Housing
42 Apartment Rental Comparison
43 Housing Mortgage Affordability
44 Mortgage Comparison
45 Mortgage Refinance Analysis
46 Insurance Policies and Needs
47 Home Inventory
48 Property Insurance
49 Apartment/Home Insurance Comparison
50 Automobile Insurance Comparison
51 Health Care Insurance
52 Disability Income Insurance
53 Life Insurance
54 Life Insurance Comparison
55 Investment Goals
56 Investment Risk
57 Investment Information Sources
58 Corporate Stock Evaluation
59Brokerage and Account Executive Comparison
60 Corporate Bond Evaluation
61 Mutual Fund Investment Information
62 Mutual Fund Evaluation
63 Retirement Planning
64 Retirement Plan Comparison
65 Retirement Income Forecast
66 Estate Planning
67 Will Planning
68 Trust Comparison
69 Estate Tax Estimate
70 Financial Data Summary
71 Savings/Investment Portfolio Summary
72 Progress Check—Major Financial Goals and Activities
73 Money Management, Budgeting, and Tax Planning—Summary
74 Banking Services and Consumer Credit—Summary
75 Consumer Buying and Housing—Summary
76 Insurance—Summary
77 Investments—Summary
78 Retirement and Estate Planning—Summary
Endnotes
Endnotes
Index
Index
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Additional Student Resources
Additional Student Resources
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Exhibit 2-C Text Alternative (Chapter 2)
Text Alternative (Chapter 2)
Exhibit 3-1 Text Alternative (Chapter 3)
Exhibit 3-2 Text Alternative (Chapter 3)
Exhibit 3-3 Text Alternative (Chapter 3)
Exhibit 3-4 Text Alternative (Chapter 3)
Exhibit 3-5 Text Alternative (Chapter 3)
Exhibit 3-7 Text Alternative (Chapter 3)
Text Alternative (Chapter 3)
Exhibit 3-10 Text Alternative (Chapter 3)
Text Alternative (Chapter 3)
Exhibit 4-1 Text Alternative (Chapter 4)
Exhibit 4-2 Text Alternative (Chapter 4)
Tax Brackets Text Alternative (Chapter 4)
Text Alternative (Chapter 4)
Exhibit 4-3 Text Alternative (Chapter 4)
Exhibit 4-4 Text Alternative (Chapter 4)
Exhibit 4-4a Text Alternative (Chapter 4)
Exhibit 4-5 Text Alternative (Chapter 4)
Exhibit 4-7 Text Alternative (Chapter 4)
Text Alternative (Chapter 4)
Exhibit 5-1 Text Alternative (Chapter 5)
Exhibit 5-2 Text Alternative (Chapter 5)
Exhibit 5-3 Text Alternative (Chapter 5)
Exhibit 5-4 Text Alternative (Chapter 5)
Exhibit 5-5 Text Alternative (Chapter 5)
Exhibit 5-6 Text Alternative (Chapter 5)
Exhibit 5-7 Text Alternative (Chapter 5)
Exhibit 5-10 Text Alternative (Chapter 5)
Text Alternative (Chapter 5)
Exhibit 6-1 Text Alternative (Chapter 6)
Exhibit 6-2 Text Alternative (Chapter 6)
Exhibit 6-4 Text Alternative (Chapter 6)
Exhibit 6-5 Text Alternative (Chapter 6)
Text Alternative (Chapter 6)
Exhibit 6-7 Text Alternative (Chapter 6)
Exhibit 6-8 Text Alternative (Chapter 6)
Exhibit 6-8A Text Alternative (Chapter 6)
Exhibit 6-9 Text Alternative (Chapter 6)
Text Alternative (Chapter 6)
Exhibit 7-2 Text Alternative (Chapter 7)
Exhibit 7-5 Text Alternative (Chapter 7)
Text Alternative (Chapter 7)
Exhibit 7-A Text Alternative (Chapter 7)
Exhibit 7-C Text Alternative (Chapter 7)
Exhibit 7-D Text Alternative (Chapter 7)
Exhibit 8-1 Text Alternative (Chapter 8)
Figures Shows Text Alternative (Chapter 8)
Text Alternative (Chapter 8)
Exhibit 8-2 Text Alternative (Chapter 8)
Exhibit 8-3 Text Alternative (Chapter 8)
Exhibit 8-4 Text Alternative (Chapter 8)
Exhibit 8-7 Text Alternative (Chapter 8)
Exhibit 8-8 Text Alternative (Chapter 8)
Text Alternative (Chapter 8)
Exhibit 9-1 Text Alternative (Chapter 9)
Exhibit 9-2 Text Alternative (Chapter 9)
Exhibit 9-3 Text Alternative (Chapter 9)
Exhibit 9-4 Text Alternative (Chapter 9)
Exhibit 9-5 Text Alternative (Chapter 9)
Exhibit 9-6 Text Alternative (Chapter 9)
Exhibit 9-7 Text Alternative (Chapter 9)
Exhibit 9-12 Text Alternative (Chapter 9)
Text Alternative (Chapter 9)
Exhibit 10-2 Text Alternative (Chapter 10)
Exhibit 10-3 Text Alternative (Chapter 10)
Exhibit 10-4 Text Alternative (Chapter 10)
Exhibit 10-7 Text Alternative (Chapter 10)
Exhibit 10-8 Text Alternative (Chapter 10)
Exhibit 10-9 Text Alternative (Chapter 10)
Text Alternative (Chapter 10)
Exhibit 11-1 Text Alternative (Chapter 11)
Exhibit 11-3 Text Alternative (Chapter 11)
Text Alternative (Chapter 11)
Text Alternative (Chapter 11)
Exhibit 12-1 Text Alternative (Chapter 12)
Exhibit 12-3 Text Alternative (Chapter 12)
Exhibit 12-8 Text Alternative (Chapter 12)
Text Alternative (Chapter 12)
Text Alternative (Chapter 12)
Exhibit 13-4 Text Alternative (Chapter 13)
Text Alternative (Chapter 13)
Text Alternative (Chapter 13)
Text Alternative (Chapter 14)
Text Alternative (Chapter 14)
Text Alternative (Chapter 15)
Text Alternative (Chapter 15)
Text Alternative (Chapter 15)
Exhibit 16-1 Text Alternative (Chapter 16)
Text Alternative (Chapter 16)
Exhibit 16-5 Text Alternative (Chapter 16)
Text Alternative (Chapter 16)
Exhibit 17-1 Text Alternative (Chapter 17)
Exhibit 17-2 Text Alternative (Chapter 17)
Exhibit 17-3 Text Alternative (Chapter 17)
Text Alternative (Chapter 17)
Exhibit 18-1 Text Alternative (Chapter 18)
Exhibit 18-6 Text Alternative (Chapter 18)
Text Alternative (Chapter 18)
Exhibit 18-8 Text Alternative (Chapter 18)
Exhibit 18-9 Text Alternative (Chapter 18)
Text Alternative (Chapter 18)
Exhibit 18-15 Text Alternative (Chapter 18)
Text Alternative (Chapter 18)
Exhibit 19-2 Text Alternative (Chapter 19)
Exhibit 19-4 Text Alternative (Chapter 19)
Text Alternative (Chapter 19)