This course is not intended to replace the professional financial planner, but to help to make the general public better consumers of financial planning advice.
The course was created to help those who cannot afford extensive planning assistance better understand how to define and reach their financial goals. It provides basic understanding so informed decisions can be made. The course can also be seen as a reference for individual topics that are part of personal financial planning.
Financial planning, in the broadest sense, is an effort to manage all aspects of a person / family’s financial affairs. Classically, that begins with planning family spending and extends through risk management (insurance), taxes, wealth accumulation, investing, and wealth distribution (retirement and estate planning).
This course was produced by a generous grant from the Certified Financial Planner Board of Standards and by the Distance Learning Center at the University of California, Irvine, under the OpenCourseWare Initiative. The purpose is to make a course which is designed to provide a comprehensive but easily understood overview of personal financial planning widely available to the general public.