Obtaining Home and Auto Insurance
(Activities for Chapter 5)
Creation of an insurance plan, including appropriate coverage for your home, personal property, and motor vehicles, helps to avoid financial difficulties.
Short-Term Financial Planning Activities | Casualty Insurance Websites |
1. List current and needed insurance coverages
|  PFP Sheet 15
(51.0K)
| |
2. (a) Prepare an inventory of personal belongings. (b) Compare the cost of homeowner's or renter's insurance from two or more companies.
| PFP Sheet 16
(25.0K)
PFP Sheet 17
(46.0K)
|
3. Compare the cost of auto insurance from two or more companies
| PFP Sheet 18
(47.0K)
| Long-Term Financial Planning Activities |
1. Identify buying decisions that could reduce your future home and auto insurance costs.
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2. Develop a plan to monitor changes in your life situation that would affect the need to change home or auto insurance coverages.
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Planning for Retirement
(Activities for Chapter 5 and 13)
Long-term financial security is a common goal of most people. Retirement planning should consider both personal decisions (location, housing, activities) and financial factors (investments, pensions, living expenses).
Short-Term Financial Planning Activities | Retirement Planning Websites |
1. Identify personal and financial retirement needs for various stages of your life.
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2. Compare the benefits and costs of a traditional IRA, a Roth IRA, and other pension plans.
| PFP Sheet 23
(49.0K)
| Long-Term Financial Planning Activities |
1. Research costs and benefits of various housing alternatives.
| PFP Sheet 22
(28.0K)
|
2. Estimate future retirement income needs and identify appropriate investments to meet those needs.
| PFP Sheet 24
(31.0K)
|
3. Develop a plan for expanding personal interests and increasing contributions to retirement accounts.
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