Correct answers on Midterm Scantron Exam
1B, 2E, 3A, 4E, 5C, 6B, 7D, 8C, 9C, 10A, 11B, 12D, 13D, 14BorE, 15C, 16A, 17A, 18C, 19B, 20C, 21C, 22C, 23D, 24B, 25C, 26D, 27D, 28A, 29D, 30D, 31C, 32C, 33A, 34B, 35C, 36C, 37C, 38D, 39C, 40A, 41A, 42D, 43E, 44E, 45D, 46A, 47A, 48E, 49A, 50D, 51E, 52C, 53C, 54B, 55D, 56C, 57D, 58B, 59C, 60A, 61A, 62A, 63D, 64C, 65B, 66E, 67D, 68D, 69A, 70A, 71CorE, 72C, 73AorB, 74A, 75B, 76C, 77A, 78A, 79B, 80B, 81B, 82A, 83A, 84B, 85C, 86C, 87B, 88D, 89D, 90E, 91C, 92B, 93A, 94C, 95D, 96B, 97D, 98B, 99C, 100D, 101A |
PACE UNIVERSITY
Lubin School of Business, Finance Department
Personal Financial Planning/Management
Dr. John Tepper Marlin
Term Project: Undergraduates: Minimum 5 Pages Graduates: Minimum 10 Pages
Submit a personal financial plan prepared for a person or family of your choice. The paper must encompass all parts of a financial plan. Each part must be addressed under a separate heading (up to a maximum of three to a page), both through written description in sentences and paragraphs and recommendations and relevant quantitative matters. Your writing style should be as if you were presenting it to the "client," not to the professor. The outline of the paper should be as follows:
0. Background A brief summary of the client(s) bringing the individual(s) to life for the professor. This is the only section that should be addressed to the professor. The rest should be addressed to the “client,” who may be invented or real.
1. Summary of Your major significant recommendations generally in
Recommendations a phrase or sentence for each recommendation. Write this last.
2. Economic Environment Summarize briefly the general threats and opportunities you see in the current economic environment. Refer to a specific newspaper story or web site.
3. Balance Sheet Evaluation plus the normal statement you should be familiar with.
4. Cash Flow Planning Background and recommendations plus statement including current year and next two years projected data.
5. Tax Planning Background and recommendations plus statement including current year and next two years projections.
6. Investment Background and recommendations plus overall asset allocation and Morningstar Sheet for one fund.
7. Risk Management Background and recommendations
8. Retirement Background and recommendations plus capital needs analysis.
9. Estate Background and recommendations.
10. Overall SWOT Analysis. For example, you might say, “as is shown in the cash flow statement you have a yearly deficit of $15,000 caused in part by a high vacation figure. Or your retirement needs analysis calls for saving $10,000 per year and you are saving only $3,000 annually. Your ability to understand and integrate Total Portfolio Management would be a strong plus.
Your grade will be based on (1) the substance of your recommendations, (2) your ability to capture in writing the essence of the "clients'" goals and problems, (3) the quality of your supporting tables, (4) your ability to integrate the supporting tables with your descriptive material, and (5) perhaps most important, the depth and extent of your analysis and specific recommendations. The paper will be due on the day of the final exam.
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