Summer School 2021 https://youtu.be/Bjj4C_TbLa0 (Capstone Review) 4 Goals for Your Capstone Assignment

• Earn 250 of the 950 Points Needed for an “A” (50 Points Extra Credit)
• Define and Describe the Essential Elements of Your Financial Plan
• Create a Capstone Report to Illustrate Your Financial Plan
• Demonstrate Your Understanding of Cash Flows in Your Plan
• Detailed Expenses Pre-Retirement
• Investment Distributions
• Other Inflows and Outflows Impacting Probability of Success

The Capstone Report

The Essential Elements

• Watch The Capstone Assignment Video (https://youtu.be/x2VYDschix8) in Money Study Group
• Review the Course Material Posted in Money Study Group
• Create Your Final Report and Upload in BB
• For each of the Essential Elements listed below, include the following: — Include Screen Shots — Tell me What Changes You Made, if any, Before and After each element. — Address the specific questions listed next to each element. Balance Sheet- Assets
• Liabilities
• Net Worth

Budget- Be sure to include your detailed budget in the screenshot. - If you did not link your credit/debit card, explain why and be sure you’ve added the detailed budget items manually (25 points). Debt and Debt Strategy- Refer back to your Credit Crush Assignment if you need a refresher. - Describe your Debt Payment Strategy. - Tell me how you plan to use what you learned about Credit Cards (and debt in general) after you graduate. Asset Allocation- Tell me what you learned about Asset Allocation in this course. - How did you apply this new information in your financial plan? - What Asset Allocation will you use in your 401k after you graduate? - How much did Asset Allocation change your Probability of Success? Tax Allocation- In general, what did you learn this semester about Tax Allocation? — What is Tax Allocation? - How will you use what you learned about Tax Allocation after you graduate? - Will you fund a Roth IRA?

Holdings- Discuss the actual holdings you selected for your portfolio. - Explain the difference between a holding and an asset class. - Explain the difference between a holding and Type of Account. - Explain the difference between a holding and Type of Investment. Retirement Analysis- Which elements in a financial plan can “move the needle” the most in terms of Probability of Success?

Cash Flow Summary Screen- In reviewing your Cash Flow Summary Screen, was there anything you saw that would raise a question when I review it? - Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Cash Flow Summary. - If it all looks great, move on to the next screen. Net Worth- In reviewing your Net Worth Summary Screen, was there anything you saw that would raise a question when I review it? - Spend a few minutes trying to figure out how to answer the question I’m going to ask about your Net WorthSummary. - If it all looks great, move on to the next screen.

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