This unit examines advanced personal-finance topics for preserving, accessing, and transferring wealth, including retirement account management, estate-planning instruments, consumer protections, insurance choices, and practical safeguards. It builds on foundational budgeting and credit skills and prepares students to implement comprehensive asset-protection and legacy plans.
Learning Objectives
- Analyze federal and Texas rules for retirement accounts and distributions, including IRAs, rollovers, reverse mortgage considerations, and required minimum distributions, to determine tax and cash-flow consequences for individuals.
- Apply estate-planning instruments—wills, living trusts, beneficiary designations, joint-tenancy arrangements—and probate-avoidance strategies to develop an estate plan aligned with a client’s goals and legal constraints.
- Evaluate consumer-protection and credit-repair strategies by interpreting credit reports and FICO scores, disputing inaccurate information, responding to debt collectors, and outlining remedies after identity theft or bankruptcy.
- Compare and select appropriate insurance and financial services (life insurance types, road service and rental coverages, banking products, online security practices) and use budgeting and review tools to safeguard assets and reduce household costs.
Curriculum
- 1 Section
- 50 Lessons
- 30 hours
Expand all sectionsCollapse all sections
- Unit 3 — Protecting and Transitioning Wealth50
- 1.1Letting the Pros Work for You20 mins
- 1.2Maintaining Your IRA20 mins
- 1.3Deciding Whether You Want a Reverse Mortgage20 mins
- 1.4Building Your Nest (Egg)20 mins
- 1.5Making Withdrawals from Your IRA20 mins
- 1.6Why Your Estate-Planning Goals Differ from Your Neighbors’20 mins
- 1.7Choosing Your Will’s Contents20 mins
- 1.8Living (And Dying) with the Laws That Your Will Can’t Change20 mins
- 1.9Trusting in Living Trust to Avoid Probate20 mins
- 1.10Finding Out Your FICO Score20 mins
- 1.11Asking for Help20 mins
- 1.12Examining a Budget Surplus20 mins
- 1.13Identifying and Disputing Inaccurate Information20 mins
- 1.14Trash Talk: Controlling Garbage Costs20 mins
- 1.15Fine-Tuning Your Thought Process20 mins
- 1.16Considering Alternatives to Going Down with the Ship20 mins
- 1.17Saving Money on Individual Coverage20 mins
- 1.18Using the Internet to Get Free Financial Advice20 mins
- 1.19Handling Debt Collectors20 mins
- 1.20Qualifying for First-Time Cards and Lending20 mins
- 1.21Knowing the Deal with Credit Counseling20 mins
- 1.22Knowing What You Can Lose in Bankruptcy20 mins
- 1.23Changing Your Perspective and Watching Your Savings Grow20 mins
- 1.24Doing It Your Way versus Using a Broker20 mins
- 1.25But Wait! There’s More!20 mins
- 1.26Finding Out What Reviewers Think20 mins
- 1.27Getting and Using Credit After Identity Theft20 mins
- 1.28Opening Your Online Bank Account20 mins
- 1.29Documenting Your Claim20 mins
- 1.30Evaluating Road Service and Car Rental Coverages20 mins
- 1.31Understanding the Types of Life Insurance20 mins
- 1.32Using Software20 mins
- 1.33Understanding the Cohan Rule20 mins
- 1.34Defining Who Is a Qualifying Child20 mins
- 1.35Protecting Your Money20 mins
- 1.36Moving Your IRA20 mins
- 1.37Paying Uncle Sam His Due: Required Withdrawals20 mins
- 1.38The Critical Path Method to Planning Your Estate20 mins
- 1.39Safeguarding Your Will20 mins
- 1.40Joint Tenancy and Beneficiary Arrangements20 mins
- 1.41Comparing Spending and Income20 mins
- 1.42Digging Out of Debt20 mins
- 1.43Finalizing and Sticking to Your Budget20 mins
- 1.44Adding Positive Information to Your Credit Report20 mins
- 1.45Cutting Down on Water Use20 mins
- 1.46Getting a Loan When Rates Are High20 mins
- 1.47Dealing with Deficiencies20 mins
- 1.48Coping with Health Insurance Problems20 mins
- 1.49Finding Out What You’re Worth20 mins
- 1.50Getting a Financial Education20 mins
Instructor
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