Retirement Planning & Employee Benefits
The Minor in Financial Planning & Wealth Management is open to students of all majors and interests. This course will provide students with an introduction to retirement planning and employee benefits, including public and private retirement plans as well as group and fringe benefits. Specifically, the course will cover the public retirement plans including Social Security, Medicare and Medicaid as well as the private plans including both defined benefit and defined contribution plans. In addition, the course will provide students with an understanding of the regulatory provisions associated with the installation, administration and termination of retirement plans, the specific characteristics of the various plans available including qualified, non-qualified and other tax advantaged plans. Finally, the course will detail employee group and fringe benefits and the taxation of these benefit plans, and the issues that individuals face in retirement. Topics covered align with the requirements of the CFP Board’s Principal Topics List.
Estate Planning
The Minor in Financial Planning & Wealth Management is open to students of all majors and interests. The estate planning course cultivates a foundation of knowledge students need working as financial services professionals. Topics will include: the estate planning process and the basic documents needed for an estate plan, such as a will, durable power of attorney for healthcare and an advanced medical directive. The course continues with a discussion regarding property ownership, assets that pass through and around the probate process, gift and estate taxes, and planning techniques to reduce an individual’s tax liability. Topics covered align with the requirements of the CFP Board’s Principal Topics List.
Personal Tax Planning
The Minor in Financial Planning & Wealth Management is open to students of all majors and interests. This course is designed to provide students with an introduction to individual income tax fundamentals and the calculation of income tax. In addition, the tax issues surrounding business entities, disposition of property and tax basis is discussed. Students are introduced to AMT, passive activity rules, charitable contributions and tax minimization strategies. Topics covered align with the requirements of the CFP Board’s Principal Topics List.
Financial Planning & Risk Management
The Minor in Financial Planning & Wealth Management is open to students of all majors and interests. CFP 300 provides an introduction to knowledge students will need working as financial services’ professionals. Course includes: the financial planning process; legal, ethical, and regulatory issues affecting personal financial planners; and time value of money concepts. The course continues with a discussion of the principles of risk management and insurance, allowing the student to identify a client’s risk exposure and select appropriate risk management techniques concerning life, accident/health, disability, property and casualty, and long-term care insurance. Topics covered align with the requirements of the CFP Board’s Principal Topics List.
Applications in Financial Planning & Wealth Management
The Minor in Financial Planning & Wealth Management is open to students of all majors and interests. Applications in Financial Planning & Wealth Management is a capstone requirement for all students who declare a minor in this field. Prior to taking this course, students should have completed four of the five previous courses in the Minor curriculum. It is an individualized, competency-based course which connects instruction and experiences to the body of related skills and knowledge that affect a significant portion of one’s performance in a given profession. Course utilizes competency-based learning objectives, as approved by the CFP Board. This form of instruction will provide a detailed summary of learner effectiveness relative to the role of the personal financial planner, while also informing subsequent education and experiences relative to this course. Topics covered align with the requirements of the CFP Board’s Principal Topics List.
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I want to be a financial planner because I want to help people. I love the opportunity to look at the quantitative and qualitative aspect of wealth management. To be able to build long-lasting relationships rooted in the fulfillment of clients’ ultimate financial goals will be exciting.”
The Financial Planning Association (FPA) is the home for the next generation of CFP ® professionals. By providing diverse education, relationship building, information-sharing, and volunteer opportunities that create positive social change, FPA is the definitive resource for students to gain knowledge and establish relationships.
When Duhawks who studied Finance return to campus, it is inevitable the conversation will turn to the impact made on their lives by Joe Bernardi and John Upstrom. These gentlemen laid the foundation over decades of service to our Loras community for our unique financial planning and wealth management offering.