Chapter 27: Personal Financial Planning Strategies

In this section

• Qualified Retirement Plans (401(k), IRA, Roth IRA), Distributions
  Explore comprehensive guidance on Qualified Retirement Plans, including 401(k), Traditional and Roth IRAs, and their distribution rules. Learn about withdrawal sequencing, penalties, and required minimum distributions under evolving tax legislation.
• Education Funding (529 Plans, Tax Credits, Savings Bonds)
  Discover comprehensive strategies for financing education costs, from 529 Plans and their gift tax interplay to maximizing the American Opportunity Tax Credit, Lifetime Learning Credit, and leveraging Savings Bonds.
• Risk Management Through Insurance (Life, Disability, LTC)
  Explore comprehensive strategies for financial security through life, disability, and long-term care insurance, covering contract provisions, tax implications, and risk mitigation best practices.
• Investment Selection and Asset Allocation
  Explore the fundamentals of portfolio construction, asset diversification, and the impact of taxes on investment returns within personal financial planning strategies.