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$uccessful Start and the Office of Student Services Present: THE ABC’S OF FINANCIAL PLANNING

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Page 1: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

$uccessful Start and the Office of Student Services Present:

THE ABC’S OF FINANCIAL PLANNING

Page 2: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

AGENDA

Basic planning tools Net worth

Cash flow

Investments

Debt

Taxes

Retirement

Insurance

Estate planning

Questions

Page 3: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

BASIC PLANNING TOOLS

Page 4: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

NET WORTH

Page 5: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

CASH FLOW

Page 6: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

INVESTMENTS

Page 7: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

WHY INVEST?

Page 8: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

THREE OPTIONS TO SAVE $1,000

Page 9: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

TYPES OF INVESTMENTS-ASSET CLASSES

Page 10: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

CASH…

Page 11: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

BONDS…

Page 12: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

BONDS…

Page 13: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

BONDS…ONE YEAR LATER

Page 14: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

STOCKS…

Page 15: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

TYPES OF STOCKS

Page 16: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

OTHER ASSET CLASSES

Page 17: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

PRIMARY INVESTMENT VEHICLES

Page 18: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

WHAT IS RETURN?

Page 19: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

RISK V. REWARD

Page 20: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

IMPORTANCE OF EQUITIES

Page 21: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

BASIC INVESTING SUMMARY

Page 22: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

DEBT

Page 23: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

HOW TO BORROW SAFELY

Page 24: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

TAXES

Page 25: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

BASIC TAX RATES

Page 26: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

PREPARING YOUR TAXES

Page 27: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

RETIREMENT

Page 28: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

WHY SAVE NOW FOR RETIREMENT?

Page 29: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

WHERE TO SAVE FOR RETIREMENT

Page 30: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

INSURANCE

Page 31: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

WHAT INSURANCE DO YOU NEED?

Page 32: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

MA HEALTH INSURANCE REQUIREMENT

Page 33: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

CORPORATE BENEFITS

Page 34: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

ESTATE PLANNING

Page 35: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

WHICH DOCUMENTS DO YOU REALLY NEED?

Page 36: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

TOP 10 TIPS TO GET STARTED

Page 37: The ABC’s of financial planning - bc.edu · AGENDA Basic planning tools Net worth Cash flow Investments Debt Taxes Retirement Insurance Estate planning

QUESTIONS?

www.bc.edu/successfulstart

[email protected]

http://twitter.com/#!/SuccessfulStart