34 min
Final Capstone Review Money Study Group Online
-
- Investing
Summer School 2021
Capstone Review
4 Goals for Your Capstone Assignment
- Earn 250 of the 950 Points Needed for an “A” (50 Points Extra Credit)
- Define and Describe the Essential Elements of Your Financial Plan
- Create a Capstone Report to Illustrate Your Financial Plan
- Demonstrate Your Understanding of Cash Flows in Your Plan
- Detailed Expenses Pre-Retirement - Investment Distributions - Other Inflows and Outflows Impacting Probability of Success
The Capstone Report
The Essential Elements
- Watch The Capstone Assignment Video (https://youtu.be/x2VYDschix8) in Money Study Group
- Review the Course Material Posted in Money Study Group
- Create Your Final Report and Upload in BB
- For each of the Essential Elements listed below, include the following:
— Include Screen Shots
— Tell me What Changes You Made, if any, Before and After each element.
— Address the specific questions listed next to each element.
Balance Sheet- Assets
- Liabilities
- Net Worth
Budget- Be sure to include your detailed budget in the screenshot.
- If you did not link your credit/debit card, explain why and be sure you’ve added the detailed budget items manually (25 points).
Debt and Debt Strategy- Refer back to your Credit Crush Assignment if you need a refresher.
- Describe your Debt Payment Strategy.
- Tell me how you plan to use what you learned about Credit Cards (and debt in general) after you graduate.
Asset Allocation- Tell me what you learned about Asset Allocation in this course.
- How did you apply this new information in your financial plan?
- What Asset Allocation will you use in your 401k after you graduate?
- How much did Asset Allocation change your Probability of Success?
Tax Allocation- In general, what did you learn this semester about Tax Allocation? — What is Tax Allocation?
- How will you use what you learned about Tax Allocation after you graduate?
- Will you fund a Roth IRA?
Holdings- Discuss the actual holdings you selected for your portfolio.
- Explain the difference between a holding and an asset class.
- Explain the difference between a holding and Type of Account.
- Explain the difference between a holding and Type of Investment.
Retirement Analysis- Which elements in a financial plan can “move the needle” the most in terms of Probability of Success?
Cash Flow Summary Screen- In reviewing your Cash Flow Summary Screen, was there anything you saw that would raise a question when I review it?
- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Cash Flow Summary.
- If it all looks great, move on to the next screen.
Net Worth- In reviewing your Net Worth Summary Screen, was there anything you saw that would raise a question when I review it?
- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Net WorthSummary.
- If it all looks great, move on to the next screen.
Enroll in the Course
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Summer School 2021
Capstone Review
4 Goals for Your Capstone Assignment
- Earn 250 of the 950 Points Needed for an “A” (50 Points Extra Credit)
- Define and Describe the Essential Elements of Your Financial Plan
- Create a Capstone Report to Illustrate Your Financial Plan
- Demonstrate Your Understanding of Cash Flows in Your Plan
- Detailed Expenses Pre-Retirement - Investment Distributions - Other Inflows and Outflows Impacting Probability of Success
The Capstone Report
The Essential Elements
- Watch The Capstone Assignment Video (https://youtu.be/x2VYDschix8) in Money Study Group
- Review the Course Material Posted in Money Study Group
- Create Your Final Report and Upload in BB
- For each of the Essential Elements listed below, include the following:
— Include Screen Shots
— Tell me What Changes You Made, if any, Before and After each element.
— Address the specific questions listed next to each element.
Balance Sheet- Assets
- Liabilities
- Net Worth
Budget- Be sure to include your detailed budget in the screenshot.
- If you did not link your credit/debit card, explain why and be sure you’ve added the detailed budget items manually (25 points).
Debt and Debt Strategy- Refer back to your Credit Crush Assignment if you need a refresher.
- Describe your Debt Payment Strategy.
- Tell me how you plan to use what you learned about Credit Cards (and debt in general) after you graduate.
Asset Allocation- Tell me what you learned about Asset Allocation in this course.
- How did you apply this new information in your financial plan?
- What Asset Allocation will you use in your 401k after you graduate?
- How much did Asset Allocation change your Probability of Success?
Tax Allocation- In general, what did you learn this semester about Tax Allocation? — What is Tax Allocation?
- How will you use what you learned about Tax Allocation after you graduate?
- Will you fund a Roth IRA?
Holdings- Discuss the actual holdings you selected for your portfolio.
- Explain the difference between a holding and an asset class.
- Explain the difference between a holding and Type of Account.
- Explain the difference between a holding and Type of Investment.
Retirement Analysis- Which elements in a financial plan can “move the needle” the most in terms of Probability of Success?
Cash Flow Summary Screen- In reviewing your Cash Flow Summary Screen, was there anything you saw that would raise a question when I review it?
- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Cash Flow Summary.
- If it all looks great, move on to the next screen.
Net Worth- In reviewing your Net Worth Summary Screen, was there anything you saw that would raise a question when I review it?
- Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Net WorthSummary.
- If it all looks great, move on to the next screen.
Enroll in the Course
Podcast Listen Anywhere
Rate The Podcast
Facebook...
34 min