Formulate your recommendations in the alternative plan

Assignment Help Financial Accounting

Reference no: EM133554445

Homework: Financial Planning Software- The Simona Case

Description

In this homework, you will build on your report for the Simonas by creating a Recommended Plan.

Instructions

1) Open Learn@Seneca (Blackboard) and enter the Homework section.
2) Open Case Study - Simona Case. This is your unique case study.
3) Open Case Study - Simona Asset Allocation Questionnaire. This is your unique asset allocation for the client.
4) Formulate your recommendations in the Alternative Plan.

Task

Recommendations must address the following:

1) Asset class weightings, rate of return

2) Networth: accounts that should be created and why

3) Cashflow: how deficits will be covered or surpluses invested

4) Detailed recommendations on how the following goals are to be achieved (including funding strategies, dedicated accounts and an explanation as to why these strategies are optimal)

a) Retirement goal
b) Education Goal
c) Major purchase (the gap year)
d) Estate plan - identify gaps and how to eliminate them

i) Note that an estate plan includes more than just a will

When you are satisfied with your Alternative Plan, click Recommend; this action will make your Alternative Plan the Proposed Plan such that correct reports will be pulled into your submission.

Under Client Reports (left hand tool bar), create the following reports for submission:

1) Cover page
2) Table of contents
3) Recommendations (create PDF and upload via Custom Content)
4) Retirement Goal Coverage - Proposed
5) Education Goal Coverage - Proposed
6) Major Purchase Goal Coverage - Proposed
7) Cash flow surplus/deficits (there should be no surpluses or deficits) - Proposed

Reference no: EM133554445

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