2013 Financial Planning Clinic on Capitol Hill

MAXXCAT_START

Financial Planning Topics and Sample Questions

Financial planners must master nearly 100 financial topics to obtain the CERTIFIED FINANCIAL PLANNER™ certification. Volunteers at the Financial Planning Clinic are qualified to discuss a variety of financial topics and those topics fall in the categories listed below, followed by a set of sample questions related to that topic.

GENERAL FINANCIAL PLANNING

Purchasing a Home – Should I buy or rent? What type of mortgage should I get?
Debt Management – How do I reduce my overall debt?
Building a College Fund – How do I finance my child's college education?
Savings Goals – How much money should I have in my emergency fund?

________________________________________

SPECIAL CIRCUMSTANCES

Job Loss and Job Change – How do I financially plan for a job loss?
Foreclosure Assistance – How can I avoid losing my property to a foreclosure?
Change in Marital Status – How do I financially plan for a divorce?

________________________________________

INVESTMENT PLANNING

Investment Strategies – How do I maximize gains and minimize taxes?
Asset Accumulation – How should I diversify my portfolio, given my risk tolerance?
Generating Investment Income – What investment vehicles should I consider to generate income?
Real Estate - Should I invest in real estate?

________________________________________

RETIREMENT PLANNING

Building a Retirement Fund – What retirement vehicles should I consider when building my nest egg?
401(k) and 403(b) Plans – How do I pick the investments for my 401(k) or 403(b) plan?
IRA Accounts – Should I choose a traditional or Roth IRA?
Social Security – How much will I receive in Social Security benefits when I retire?

________________________________________

INCOME TAX PLANNING

General Tax Return Filing – Should I file my taxes as single or married?
Tax Reduction Strategies – What tax deductions can I take?
Charitable Contributions – How do I maximize the tax advantages of my charitable contributions?
Small Business Taxation – How can I position my small business to minimize my taxes?

________________________________________

ESTATE PLANNING

Building an Inheritance – What estate planning vehicles should I consider when building an inheritance?
Wills and Trusts – Should I set up a will or a living trust?
Estate Tax Strategies – How do I reduce my estate taxes?
Incapacity Planning – How do I appoint a Power of Attorney?

________________________________________

INSURANCE PLANNING

Life Insurance Coverage – How much life insurance do I need?
Disability Insurance – Do I need additional disability insurance? 
Long-term Care Planning – What kind of long-term care insurance should I consider?
Property and Casualty Insurance - How should I insure my home?

________________________________________

EMPLOYEE BENEFITS

Managing Health Insurance – Does my family have adequate health insurance?
Health Savings Accounts – Should I open a Health Savings Account (HSA)?
Incentive Stock Option Plans – How is my investment income taxed?

________________________________________

Find a CFP® Professional

Find CFP® professionals in your area ready to assist you with your financial planning needs.