FINC 330 Southern Illinois University Personal Financial Plan Analysis
I need an explanation for this Business question to help me study.
Personal Financial Plan (8–12 pages)
Develop a personal financial plan detailing the financial goals that you and/or your family have developed. Include:
- Analyze your personal financial situation using appropriate financial tools.
- Identify short-term, mid-term, and long-term goals. Rank your
goals in order of importance as they relate to the financial resources
available and expected. Estimate the financial commitment for each goal.
- Consider all factors we have covered in class, including
budgeting, time value of money, asset protection, debt/credit, savings,
investing, and estate planning.
Incorporate the first two stages to complete the development
of the financial plan. This is the capstone assignment of this class,
so careful preparation is needed to illustrate concept understanding and
application.
The personal financial plan is worth 20 percent of your final grade.
Info:
Retired military currently working and living in Germany. Family of 4 Wife, Son (9), Daughter (4).
Want to fully retire in 14 years when daughter is 18.
Currently living off of my military retirement and saving all money made from my 30 hour a week job in Germany.
Planning on retiring and staying in Germany.
