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This Summary Review provides a distillation of important principles and concepts for students beginning their study of financial planning. This summary review presents an overview of the financial planning process and regulatory, legal, and ethical issues for financial planners. The student is introduced to the area of insurance planning, investment planning, income tax planning,retirement planning, and estate planning. For those students enrolled in financial planning courses, these five planning areas are the subjects of separate Summary Review books that repeat much of this introductory material and then delve into these subjects in much more detail and depth.
This summary also presents a short course on economics, including monetary and fiscal policy and a discussion of the business cycle and introduces students to the important and practical subject of the time value of money and calculations required in applying this concept. This book concludes with some practical applications of the financial planning process.
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