COURSE SYLLABUS   FINC 315   PRINCIPLES OF FINANCIAL PLANNING Spring, 2007   Glenn L. Wood                                ...
PURPOSES OF THE COURSE This course will provide an overview of the financial planning process  and, together with the othe...
It is anticipated that the final grades will follow closely the system  shown below:              A’s       90% or more   ...
Students with Disabilities Winthrop University is dedicated to providing access to  education.  If you have a disability a...
FINANCIAL PLANNING PROJECT You will prepare and present a financial plan based on a  hypothetical (or real) situation for ...
<ul><li>ARTICLE REVIEW </li></ul><ul><li>Each student will select an article from the list below or a  </li></ul><ul><li>d...
<ul><li>“ Individual Responsibility and the Imperfect Investor,” Lucas,  </li></ul><ul><li>Benefits Quarterly, 4th Quarter...
18.  The New Roth 401(k): An Attractive Alternative for Many, but Not for All,” Journal  of  Financial   Service   Profess...
APPROXIMATE SCHEDULE Day/Date Topic Pages JANUARY Mon/8 Introduction ------ Wed/10 Financial Planning Process 3-6, 7-10, 1...
Mon/12 Monetary Settlements Wed/14 Financial Planning Tools 17-30 Mon/19 Investment Planning 381-388 Wed/21 Financial Stat...
Mon/19 Regulation of Financial  Planners 35-43 Wed/21 Professional Ethics 45-66, 81-89 Mon/26 Risk Management  and Insuran...
*Article—”Measuring the Efficiency of Tax-Favored Investments, ”  Wood and  Attaran, Journal of Financial Planning, August...
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COURSE SYLLABUS FINC 315 PRINCIPLES OF FINANCIAL PLANNING

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COURSE SYLLABUS FINC 315 PRINCIPLES OF FINANCIAL PLANNING

  1. 1. COURSE SYLLABUS FINC 315 PRINCIPLES OF FINANCIAL PLANNING Spring, 2007   Glenn L. Wood                                  Thurmond 502 Office Phone:  803/323-2599 E Mail:  [email_address]   OFFICE HOURS           Monday 10-11am and 1-3:30pm Wednesday 10-11am and 1-3:30pm Friday 10-11am            REQUIRED TEXT Tools and Techniques of Financial Planning, Leimberg, et.al., The National Underwriter Company, 7th Ed.,
  2. 2. PURPOSES OF THE COURSE This course will provide an overview of the financial planning process and, together with the other CFP courses at Winthrop, help students prepare for the national CFP examination. GRADES                    Points  Quizzes 30 (all three) Class Participation 25                  1st Exam                   100                         2nd Exam               100 3 rd Exam 100 Article Review 25 Financial Plan 100       Final Exam              100                                     Total          580              
  3. 3. It is anticipated that the final grades will follow closely the system shown below:             A’s       90% or more             B’s       80-89             C’s       70-79             D’s       60-69           F’s       60 percent or less All quizzes and exams are cumulative. However, emphasis will be placed on the most recent material. Absences: The points you accumulate will be decreased if you have more than two unexcused absences.   Make-up Exams: Make-up exams will NOT be given!  Please make sure you are in attendance on the scheduled exam dates.  A grade of zero will be given for a missed exam without an excuse.  If you have a valid excuse for missing the quiz or any exam, your grade will be determined by your average score or final exam score.  To be excused from an exam you must contact me prior to the exam. 
  4. 4. Students with Disabilities Winthrop University is dedicated to providing access to education.  If you have a disability and need accommodations, please contact Gena Smith, Coordinator, Services for Students with Disabilities, at 323-3290, as soon as possible.  Once you have your Professor Notification Form, please tell me so that I am aware of your accommodations well before the first { test/paper/assignment }.
  5. 5. FINANCIAL PLANNING PROJECT You will prepare and present a financial plan based on a hypothetical (or real) situation for a young family. The plan will include income projections, defensible assumptions regarding investment returns, tax rates, inflation, retirement goals and other relevant variables. The plan will conform to the discussion and requirements set forth in the class. The financial plan will include a description of the genera l types of recommended investments. You must develop the plan using your own Excel spreadsheets. The best papers will be presented in class as a presentation to the hypothetical client. All projects must be turned in to the professor no later than Wednesday, April 18. The best (or most educational) papers will be presented by the student to the class on the last day of class.
  6. 6. <ul><li>ARTICLE REVIEW </li></ul><ul><li>Each student will select an article from the list below or a </li></ul><ul><li>different article chosen by the student and approved by the </li></ul><ul><li>professor. The student will prepare a paper that summarizes </li></ul><ul><li>and evaluates the article and make a presentation to the class. </li></ul><ul><li>POTENTIAL ARTICLES FOR REVIEW </li></ul><ul><li>1. “Frozen in the Headlights: The Dynamics of Women and Money”, </li></ul><ul><li>William Anthes and Bruce Most, Journal of Financial Planning, </li></ul><ul><li>September 2000 </li></ul><ul><li>“ The Effect of Retirement Under Social Security at Age 62,” Robert </li></ul><ul><li>Muksian, Journal of Financial Planning, January 2004 </li></ul><ul><li>“ Mortality Adjustments in Financial Plans,” Glenn Wood, Journal of </li></ul><ul><li>Financial Planning, March 2006 </li></ul><ul><li>“ Assessing Risk Tolerance: Questioning the Questionnaire Method,” </li></ul><ul><li>Yook and Everett, Journal of Financial Planning, August, 2003 </li></ul><ul><li>“ A Look Behind the Scenes: A Survey of How CFPs Work,” Kira, </li></ul><ul><li>Van Auken, and Norris, Journal of Financial Planning, October 2004 </li></ul><ul><li>“ Property and Casualty Risks for Affluent Clients: Helping Your Clients </li></ul><ul><li>Avoid Disaster,” Waterworth, Journal of Financial Planning, </li></ul><ul><li>April 2004 </li></ul>
  7. 7. <ul><li>“ Individual Responsibility and the Imperfect Investor,” Lucas, </li></ul><ul><li>Benefits Quarterly, 4th Quarter, 2005 </li></ul><ul><li>“ Reality Retirement Planning: A New Paradigm for an Old Science,” </li></ul><ul><li>Bernicke, Journal of Financial Planning, June, 2005 </li></ul><ul><li>“ Mortgage Mythology,” Phil Storms, Journal of Financial Planning, </li></ul><ul><li>April, 2000 </li></ul><ul><li>10. “Phased Retirement,” McGill, Chapter 20 (see professor) </li></ul><ul><li>11. “Understanding Monte Carlo Simulation,” David Loeper, private </li></ul><ul><li>article (see professor) </li></ul><ul><li>“ Determining Withdrawal Rates Using Historical Data,” William </li></ul><ul><li>Bengen, Journal of Financial Planning, March 2004 </li></ul><ul><li>“ A Game Plan for Working with Professional Athletes,” Eric Reinhold, </li></ul><ul><li>Journal of Financial Planning , June, 2000, Vol. 13 Issue 6, </li></ul><ul><li>p114-118 </li></ul><ul><li>“ Probabilistic Mortality Projections,” (an original paper with the </li></ul><ul><li>professor) </li></ul><ul><li>“ Comparing Monte Carlo Simulation and Traditional Spreadsheet </li></ul><ul><li>Models for Financial Planning,” (an original paper with the </li></ul><ul><li>professor) </li></ul><ul><li>“ A Risk Management Approach to Retirement Risk Identification,” </li></ul><ul><li>(an original paper with the professor) </li></ul><ul><li>“ Planners Demand More from Retirement Planning Software,” Ed </li></ul><ul><li>McCarthy, Journal of Financial Planning, March 2006 </li></ul>
  8. 8. 18. The New Roth 401(k): An Attractive Alternative for Many, but Not for All,” Journal of Financial Service Professionals , Jul 2006, Vol. 60 Issue 4, p43-50,
  9. 9. APPROXIMATE SCHEDULE Day/Date Topic Pages JANUARY Mon/8 Introduction ------ Wed/10 Financial Planning Process 3-6, 7-10, 11-15 Mon/15 NO CLASS ------- Wed/17 Financial Goals 101-103 Mon/22 Major Changes in Financial Planning 391-396 Wed/24 Critical Assumptions; QUIZ 1 402-403 Mon/29 Tax-Favored Investments; Article* Article Reviews Wed/31 EXAM 1 FEBRUARY Mon/5 Review of Exam; Business Entities 311-315 Wed/7 Attitudes and Risk Tolerance 31-34
  10. 10. Mon/12 Monetary Settlements Wed/14 Financial Planning Tools 17-30 Mon/19 Investment Planning 381-388 Wed/21 Financial Statements and 189-199 & Cash Flow Management; QUIZ 2 201-209 Mon/26 Education Planning 105-115 & 123-125 Wed/28 Asset Acquisitions 225-248 MARCH Mon/5 EXAM 2 Wed/7 Review of Exam; Special 155-161, 101-103, Circumstances 145-153 Mon/12 NO CLASS Wed/14 NO CLASS
  11. 11. Mon/19 Regulation of Financial Planners 35-43 Wed/21 Professional Ethics 45-66, 81-89 Mon/26 Risk Management and Insurance 343-345,353-355 Wed/28 QUIZ 3; Article Reviews ---------- APRIL Mon/2 Employee Benefits and Distribution Planning 411-412 Wed/4 EXAM 3 ---------- Mon/9 Review of Exam --------- Wed/11 Practice Management --------- Mon/16 Cases Wed/18 Cases Mon/23 Financial Projects ----------
  12. 12. *Article—”Measuring the Efficiency of Tax-Favored Investments, ” Wood and Attaran, Journal of Financial Planning, August, 1997

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