Retirement Planning

  1. Assessing Your Current Financial Position
    1. Creating a Personal Balance Sheet
      1. Assets
        1. Financial Assets
          1. Bank Accounts
            1. Investment Accounts
              1. Retirement Accounts
                1. Cash Value Life Insurance
                  1. Annuities
                  2. Real Assets
                    1. Primary Residence
                      1. Investment Properties
                        1. Vehicles
                          1. Personal Property
                            1. Collectibles
                          2. Liabilities
                            1. Mortgages
                              1. Primary Mortgage
                                1. Home Equity Loans
                                  1. Home Equity Lines of Credit
                                  2. Consumer Loans
                                    1. Auto Loans
                                      1. Student Loans
                                        1. Personal Loans
                                        2. Credit Card Debt
                                          1. Other Liabilities
                                          2. Net Worth Calculation
                                            1. Net Worth Formula
                                              1. Tracking Net Worth Over Time
                                                1. Benchmarking Net Worth
                                              2. Cash Flow Analysis
                                                1. Income Sources
                                                  1. Employment Income
                                                    1. Investment Income
                                                      1. Rental Income
                                                        1. Business Income
                                                          1. Other Income Sources
                                                          2. Expense Categories
                                                            1. Fixed Expenses
                                                              1. Variable Expenses
                                                                1. Discretionary Expenses
                                                                  1. Non-Discretionary Expenses
                                                                  2. Savings Capacity Assessment
                                                                    1. Calculating Savings Rate
                                                                      1. Identifying Savings Opportunities
                                                                        1. Expense Reduction Strategies
                                                                      2. Debt Evaluation
                                                                        1. Debt-to-Income Ratio
                                                                          1. Calculating the Ratio
                                                                            1. Interpreting Results
                                                                              1. Industry Benchmarks
                                                                              2. Debt Management Strategies
                                                                                1. Debt Avalanche Method
                                                                                  1. Debt Snowball Method
                                                                                    1. Refinancing Options
                                                                                      1. Consolidation Strategies
                                                                                        1. Debt Avoidance Techniques

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                                                                                    1. Foundations of Retirement Planning

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                                                                                    3. Defining Retirement Goals