Capstone Assignment Summer School Capstone Pre-Review - Watch it on YouTube (https://youtu.be/9MraNWFLXE4) 3 Goals for Your Capstone Assignment- Earn 200 of the 950 Points Needed for an “A” - Define and Describe the Essential Elements of a Financial Plan - Create a Capstone Report to Illustrate Your Financial Plan The Capstone ReportThe Essential Elements- Watch The Capstone Assignment Video (https://youtu.be/_1_Lk7WIhqc) 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. Invested Assets- In reviewing your Invested Assets 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 Invested Assets Summary. - If it all looks great, move on to the next screen. Accounts- In reviewing your Accounts 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 Accounts Summary. - If it all looks great, move on to the next screen. InsuranceIn each of the insurance categories listed below, briefly explain… - What insurance did you add to your plan and why? - After you graduate, what insurance should you add to your plan and why? Life Disability Property and Casualty Long-Term Care Profile Review- Take a few minutes to review your overall plan profile and comment as outlined below for each screen. - Don’t worry, you won’t be graded on your comments — but each screen needs to be included in your Capstone Report!! Net WorthWhat accounts, loans, or insurance would you add to your... Support this podcast