Financial Planning is an essential element in virtually all aspects of business and personal financial management. Financial planning may be short-term and long-term. Financial planning will change to meet the needs of business and as our life changes (college, marriage, divorce, children, retirement, buying a car/home, etc.)
Discuss the importance of financial planning, how it may change, how much money will you need to retire, what factors should be considered (how long you plan to work, does your company offer a pension, will social security still be around, do you want to travel, etc.). Please include examples which may be factual or fictional depending on your comfort level sharing with the class.
