Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants CPA Mobilization Kit: Parenthood

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Achieving Your Financial Goals

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Achieving Your Financial Goals Set Clear Goals Resolve to Spend Less Create an Emergency Fund Make Saving a Priority

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Achieving Your Financial Goals Reduce Credit Card Debt Evaluate Your Insurance Coverage Think Taxes

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Budgeting Gross monthly income Net income Fixed expenses Flexible expenses

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Budgeting Discretionary expenses Total it up Increase your savings Programs like Quicken can help

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Making College a Reality Implement a savings blitz oTighten the belt oTuition management services oSec. 529 Plans oCoverdell Education Savings Accounts

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Making College a Reality Financial aid oScholarships or grants oStudent or parent loans oWork-study

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Making College a Reality Seek out scholarships Tap your home equity Comparison shop NO RETIREMENT LOANS

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Protecting Your Family Through Insurance Life insurance Choosing coverage oHow much can you afford? oHow much is needed? oFor how long? oProtection or investment?

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Term vs. Permanent Term oLargest death benefit for the dollar oAnnual renewable and level premium oReturn-of-premium

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Term vs. Permanent Permanent oCombines a death benefit with an investment oPart of the premium is invested, building cash value oHigher premiums oWhole life, universal or variable life

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Term vs. Permanent Whole life Universal life Variable life

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Health Insurance Don’t go bare HMOs PPOs POS

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Health Insurance Flexible Spending Accounts COBRA Medicare Medicaid

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Long-Term Disability Insurance Benefit Amount Term of Benefits Elimination Period Noncancelable Guaranteed Renewables Own Occupation or Any Occupation

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Government-sponsored Disability Benefits Workers’ Compensation Social Security Disability Veterans Benefits Federal Employees Retirement System

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Teaching Your Child Money Management Elementary School Piggy bank Allowance Teach value Save for a special item

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Teaching Your Child Money Management Middle School Increase responsibilities and decisions Open a bank account Encourage comparison shopping Help understand needs vs. wants Encourage donating time, money

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Teaching Your Child Money Management High School Be consistent Create a budget Part-time job Apply for college scholarships and financial aid

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Savings and Investing Start small Contribute to your retirement plan Save through payroll deduction plans Set up an automatic investment plan Round up your mortgage

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Savings and Investing Bank your raises Keep paying off a loan Pay off your credit cards Reinvest dividends Keep track of where the money goes

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Investing in Your Future Asset Allocation o Stocks o Bonds o Cash Equivalents

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Investing in Your Future Asset allocation is ongoing Diversification Life circumstances Investment goals, timeframe and tolerance

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Investment Options Short-Term Investments CD Money Market Funds Savings Account

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Investing in Your Future Long-Term Investments o Mutual Funds o Stock o Bonds

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Investing in Your Future Retirement Specific Investments o 401(k) o IRA o Social Security

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Estate Planning Durable Power of Attorney Advanced Medical Directive A Will A Trust

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Estate Planning Estate Estate Tax Executor Trustee Principal Beneficiary Probate

Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants Thank You!