PFP in Practice: Putting it all Together, Part 1 and 2

Overview

This CPE course can be purchased individually or as part of the PFP Practical Applications Certificate Program.

Personal financial planning is more art than science. In this course updated for the Tax Cuts and Jobs Act and other recent developments, we present four case studies that cover typical scenarios the personal financial planner may encounter:

Part 1

• Case Study 1 - Young Married Couple
• Case Study 2 - Pre-retirement Married Couple

Part 2

• Case Study 3 - Financially Independent (Retired) Married Couple
• Case Study 4 - Business Owner

While most clients have life and financial goals that include all areas of personal financial planning (retirement, estate, risk, and investment planning), each client's discussion will be unique.

Understanding the triggers that impact your clients' priorities and how various PFP areas are impacted, will enable you to present your recommendations in a logical, prioritized order that will deepen your client relationships. The case studies in this course will illustrate these concepts.

Highlights

Key Topics

• Financial planning
• Pre-retirement
• Financial independence
• Retirement
• Estate
• Risk investment planning

Prerequisites

None

Designed For

Who Will Benefit

• CPAs, financial planners, and qualified professionals with basic knowledge of, and interest in, personal financial planning.

Objectives

Learning Outcomes

• Select the type of personal financial planning engagement which is most appropriate based on the case study's facts and circumstances.
• Calculate the personal financial planning client's gross income based on their Cash Flow Statement.
• Calculate the number of months the personal financial planning client has funded their emergency reserves based on their Statement of Financial Position.
• Determine the personal financial planning client's PITI ratio.
• Recall the four key areas of personal financial planning should be accomplished in a personal financial plan.