Financial Plan Year 10

Topics: Taxation, Investment, Capital accumulation Pages: 4 (864 words) Published: May 4, 2009
The following report summarizes my Personal Financial Plan ten years after graduating from Ohio University. It will evaluate my financial situations based upon realistic projections regarding salary, spending categories, estimates of income and social security taxes, and clear explanations of wealth accumulation.

Detailed assumptions for Year 10:
Base Salary w/ financial career ' $92,000.00
28% Tax bracket
Investment strategy ' Buy-and-hold strategy and Diversified Reinvestment Plans (DRIP) Reassessing goals and accumulating wealth for retirement, protection, and estate planning.

Risk Capacity

Based on my time horizon for my goals and objectives, my current overall risk tolerance appears to be Moderate Aggressive. The proposed recommendations and strategies within this letter assume inflation at 4% per year, annual investment total returns of 6%, and an investment timeframe of 10+ years. The current allocation of my invested assets consist of the following:

Financial Position *

My current financial position stands as ten years after graduation, entering in to my middle stages of wealth accumulation for my retirement, protection and estate planning. I recently made a down payment on a home. All outstanding debt has been paid off, while mortgage payments and maintaining my focus on my short-term and long-term goals are important financial aspects to pay attention to. My sample balance sheet is listed below:

Cash Reserves Planning

Cash Reserves include savings or money market accounts that are immediately accessible without penalty. Will consider building and maintain cash reserves equivalent to 3 to 6 months’ worth of my gross income. The following is an illustration of my current cash reserves situation:

This amount appears to be adequate enough to provide for any emergency or opportunity that may arise. I will need to consider systematically saving monthly to my savings account to build up my...
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