*I will attacth personal finance steps 1-4 before, so you can use to do personal finance steps 5-9. Please complete all the requirements to its entirety. this assignment has multiple parts, so please read thoroughly.
Personal Financial Plan Step Five -Insurance Needs
Investigate and document your possible insurance needs and write a summary of your findings. This should be at least 1-2 paragraphs double spaced font.
Personal Financial Plan Step Six – Evaluate Tax Impact on your finances
Discuss and detail the potential tax implications on your checking, savings, and investment account balances, especially the tax impact for retirement. This should be at least 1-2 paragraphs double-spaced 12-point font. (20 points)
Personal Financial Plan Step Seven – Prepare a Will
For this portion of the project, you will prepare a Will based on the guidelines provided in class and your personal situation. (20 points) This website is recommended for developing your Will at ( https://www.doyourownwill.com ).
Personal Financial Plan Step Eight – Personal Financial Plan Summary (Powerpoint)
For this portion of the project, you will complete a PowerPoint Presentation of at least 10-15 slides. Your slides will be a summary of your Personal Financial Plan. (20 points)
Personal Financial Plan – Step Nine – Budget Tracking Reflection
Based on the preparation of the monthly budget tracking performed during the length of the course, you should have a good idea of what your spending trends are. Please answer the following questions using the data from Step 3:
Did you notice any “eye opening” trends in your spending ? What were they?
Were you consistently under or over your budgeted amount?
Based on the expenses where you spent more than what was budgeted, what can you do to keep your spending under budget?
Based on the expenses you spent less than what was budgeted, what can you do with the extra income you saved each month?
Overall, how do you see the budgeting tracking exercise in this Project beneficial to your personal finances and your future goals?
