Acknowledgments xiii About the Book xv Preface xvii Charles R. Chaffin, EdD, CFP Board About the Practice Questions xxiii About the Contributors xxv PART ONE 1 Theory and Practice 3 Charles R. Chaffin, EdD, CFP Board 2 Financial Planning Process 13 John E. Grable, PhD, CFP®, University of Georgia Ronald A. Sages, PhD, MBA, CFP®, Kansas State University 3 Financial Statements 25 Thomas Warschauer, PhD, CFP®, San Diego State University 4 Cash Flow Management 35 Martie Gillen, PhD, University of Florida Michael Gutter, PhD, University of Florida 5 Financing Strategies 43 Kenneth Wynn, University of Florida Martie Gillen, PhD, University of Florida Michael Gutter, PhD, University of Florida Jorge Ruiz-Menjivar, University of Florida 6 Function, Purpose, and Regulation of Financial Institutions 49 John E. Grable, PhD, CFP®, University of Georgia Sonya L. Britt, PhD, CFP®, Kansas State University 7 Education Planning 59 Michael Gutter, PhD, University of Florida Martie Gillen, PhD, University of Florida 8 Financial Planning for Special Circumstances 65 Sharon A. Burns, PhD, CPA (Inactive) 9 Economic Concepts 71 Dave Yeske, DBA, CFP®, Golden Gate University 10 Time Value of Money 79 Jorge Ruiz-Menjivar, University of Florida Martie Gillen, PhD, University of Florida Michael Gutter, PhD, University of Florida Kenneth Wynn, University of Florida 11 Financial Services Regulations and Requirements 87 John E.

Grable, PhD, CFP®, University of Georgia Sonya L. Britt, PhD, CFP®, Kansas State University 12 Business Law 97 Thomas Warschauer, PhD, CFP®, San Diego State University Don L. Harrington, LLB 13 Consumer Protection Laws 107 John E. Grable, PhD, CFP®, University of Georgia Sonya L. Britt, PhD, CFP®, Kansas State University 14 Principles of Risk and Insurance 117 Dave Yeske, DBA, CFP®, Golden Gate University 15 Analysis and Evaluation of Risk Exposures 127 Dave Yeske, DBA, CFP®, Golden Gate University 16 Health Insurance and Health Care Cost Management 135 Sharon A. Burns, PhD, CPA (Inactive) 17 Disability Income Insurance (Individual) 141 Dave Yeske, DBA, CFP®, Golden Gate University 18 Long-Term Care Insurance 149 Sharon A. Burns, PhD, CPA (Inactive) 19 Life Insurance (Individual) 155 Dave Yeske, DBA, CFP®, Golden Gate University 20 Income Taxation of Life Insurance 163 Martin C. Seay, PhD, Kansas State University Lance Palmer, PhD, CPA, CFP®, University of Georgia 21 Business Uses of Life Insurance 169 John Gilliam, PhD, CFP®, Texas Tech University 22 Insurance Needs Analysis 185 Thomas Warschauer, PhD, CFP®, San Diego State University 23 Insurance Policy and Company Selection 193 Thomas Warschauer, PhD, CFP®, San Diego State University Andrew Head, MA, CFP®, Western Kentucky University 24 Annuities 203 John Gilliam, PhD, CFP®, Texas Tech University Andrew Head, MA, CFP®, Western Kentucky University 25 Characteristics, Uses, and Taxation of Investment Vehicles 215 Swarn Chatterjee, PhD, University of Georgia Lance Palmer, PhD, CPA, CFP®, University of Georgia 26 Types of Investment Risk 223 Thomas Warschauer, PhD, CFP®, San Diego State University 27 Quantitative Investment Concepts 229 Thomas Warschauer, PhD, CFP®, San Diego State University 28 Measures of Investment Returns 237 Thomas Warschauer, PhD, CFP®, San Diego State University 29 Bond and Stock Valuation Concepts 245 Dave Yeske, DBA, CFP®, Golden Gate University 30 Portfolio Development and Analysis 253 Thomas Warschauer, PhD, CFP®, San Diego State University 31 Investment Strategies 263 Dave Yeske, DBA, CFP®, Golden Gate University 32 Asset Allocation and Portfolio Diversifi cation 271 Dave Yeske, DBA, CFP®, Golden Gate University 33 Income Tax Law Fundamentals 279 Lance Palmer, PhD, CPA, CFP®, University of Georgia 34 Tax Compliance 289 Sharon A.

Burns, PhD, CPA (Inactive) 35 Income Tax Fundamentals and Calculations 295 Lance Palmer, PhD, CPA, CFP®, University of Georgia 36 Characteristics and Income Taxation of Business Entities 303 Webster Hewitt, CPA, CFP®, University of Georgia Lance Palmer, PhD, CPA, CFP®, University of Georgia 37 Income Taxation of Trusts and Estates 313 Martin C. Seay, PhD, Kansas State University Lance Palmer, PhD, CPA, CFP®, University of Georgia 38 Basis 321 Sharon A. Burns, PhD, CPA (Inactive) 39 Tax Consequences of the Disposition of Property 327 Lance Palmer, PhD, CPA, CFP®, University of Georgia Martin C. Seay, PhD, Kansas State University 40 Alternative Minimum Tax (AMT) 333 Webster Hewitt, CPA, CFP®, University of Georgia Lance Palmer, PhD, CPA, CFP®, University of Georgia 41 Tax Reduction and Management Techniques 341 Lance Palmer, PhD, CPA, CFP®, University of Georgia 42 Passive Activity and At-Risk Rules 351 Lance Palmer, PhD, CPA, CFP®, University of Georgia 43 Tax Implications of Special Circumstances 357 Lance Palmer, PhD, CPA, CFP®, University of Georgia 44 Charitable Contributions and Deductions 365 Webster Hewitt, CPA, CFP®, University of Georgia Lance Palmer, PhD, CPA, CFP®, University of Georgia 45 Retirement Needs Analysis 373 Sharon A. Burns, PhD, CPA (Inactive) 46 Social Security (Old-Age, Survivors, and Disability Insurance) 379 Thomas Warschauer, PhD, CFP®, San Diego State University 47 Types of Retirement Plans 387 John E. Grable, PhD, CFP®, University of Georgia 48 Qualified Plan Rules and Options 395 Sharon A. Burns, PhD, CPA (Inactive) 49 Other Tax-Advantaged Plans 401 Sharon A. Burns, PhD, CPA (Inactive) 50 Regulatory Considerations 407 Sharon A.

Burns, PhD, CPA (Inactive) 51 Key Factors Affecting Plan Selection for Business 411 Sharon A. Burns, PhD, CPA (Inactive) 52 Investment Considerations for Retirement Plans 417 Dave Yeske, DBA, CFP®, Golden Gate University 53 Distribution Rules, Alternatives, and Taxation 427 Sharon A. Burns, PhD, CPA (Inactive) 54 Characteristics and Consequences of Property Titling 435 Sharon A. Burns, PhD, CPA (Inactive) 55 Methods of Property Transfer at Death 439 Sharon A. Burns, PhD, CPA (Inactive) 56 Estate Planning Documents 445 Sharon A. Burns, PhD, CPA (Inactive) 57 Gifting Strategies 451 Elissa Buie, MBA, CFP®, Golden Gate University 58 Gift Tax Compliance and Tax Calculation 459 Elissa Buie, MBA, CFP®, Golden Gate University 59 Incapacity Planning 467 Elissa Buie, MBA, CFP®, Golden Gate University 60 Estate Tax Compliance and Tax Calculation 475 Elissa Buie, MBA, CFP®, Golden Gate University 61 Sources for Estate Liquidity 483 Elissa Buie, MBA, CFP®, Golden Gate University 62 Powers of Appointment 489 Sharon A. Burns, PhD, CPA (Inactive) 63 Types, Features, and Taxation of Trusts 495 Elissa Buie, MBA, CFP®, Golden Gate University 64 Qualifi ed Interest Trusts 503 Elissa Buie, MBA, CFP®, Golden Gate University 65 Charitable Transfers 511 Elissa Buie, MBA, CFP®, Golden Gate University 66 Use of Life Insurance in Estate Planning 517 Elissa Buie, MBA, CFP®, Golden Gate University 67 Marital Deduction 525 Elissa Buie, MBA, CFP®, Golden Gate University 68 Deferral and Minimization of Estate Tax 531 Elissa Buie, MBA, CFP®, Golden Gate University 69 Intrafamily and Other Business Transfer Techniques 537 Elissa Buie, MBA, CFP®, Golden Gate University 70 Generation-Skipping Transfer Tax 547 Elissa Buie, MBA, CFP®, Golden Gate University 71 Fiduciaries 553 Martie Gillen, PhD, University of Florida 72 Income in Respect of a Decedent 559 Elissa Buie, MBA, CFP®, Golden Gate University 73 Postmortem Estate Planning Techniques 565 Elissa Buie, MBA, CFP®, Golden Gate University 74 Estate Planning for Nontraditional Relationships 571 Elissa Buie, MBA, CFP®, Golden Gate University 75 Client and Planner Attitudes, Values, Biases, and Behavioral Characteristics and the Impact on Financial Planning 579 Dave Yeske, DBA, CFP®, Golden Gate University 76 Principles of Communication and Counseling 587 John E. Grable, PhD, CFP®, University of Georgia Kristy L.

Archuleta, PhD, LMFT, Kansas State University 77 Standards of Professional Conduct 599 Jorge Ruiz-Menjivar, University of Florida Martie Gillen, PhD, University of Florida PART TWO 78 Establishing and Defi ning the Client-Planner Relationship 611 Elissa Buie, MBA, CFP®, Golden Gate University Dave Yeske, DBA, CFP®, Golden Gate University 79 Gathering Information Necessary to Fulfi ll the Engagement 619 Elissa Buie, MBA, CFP®, Gold.