Learning Team Assignment Evaluate a Financial Plan

Your team is a Personal Finance Planning team. The head of your firm has asked you to create a draft of certain sections of a new company training manual relating to evaluation of a financial plan, including determining personal insurance needs, comparing loan options, adjusting asset allocation relative to personal financial goals, and calculating the present and future value of money saved.

·Determining personal insurance needs of clients in different situations; justify your reasoning.

·Comparing elements of fixed-rate and adjustable-rate loans, including benefits and risks of each.

·Making a recommendation as to which loan is most appropriate based on the personal financial goals of clients in different situations;

justify your reasoning.

·Adjusting asset allocation relative to the personal financial goals of clients in different situations; provide your rationale.

·Calculating the present and future value of money saved based on a Financial Planner's recommendations. Give one example of each calculation.