Summer School 2021

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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