Personal Financial Planning, 5e

Kwok Ho, Chris Robinson    

Captus Press, ISBN 978-1-55322-254-5 (2012)
616 pages, 1250 g, 8 X 10, $78.25 (US$62.50)
 

 

A comprehensive textbook for undergraduate, graduate, and continuing education level courses in personal finance.

 

Leading personal finance academics, Kwok Ho and Chris Robinson, have designed Personal Financial Planning for serious students of the field and for those who wish to develop their own rigorous financial plans. The authors develop each topic from its basic finance foundation and add a wealth of descriptive and institutional information for implementation of personal financial plans in the real world. Students who wish to pursue careers in financial planning or in financial institutions will find the models and the practical applications they need through examples, problems, and case studies. It is also a valuable resource for practising professionals.

 

This fifth edition has been thoroughly revised to incorporate changes in laws applicable to financial planning, particularly changes in income tax rates and retirement payouts like the Canada Pension Plan and Old Age Security. The tax chapters include new material on instruments like the Tax Free Savings Account and a comprehensive description of tax assistance for postsecondary education and for persons with disabilities. Completely rewritten, the post-retirement planning section in Chapter 18 reflects tax changes like pension income splitting, and considerable new material is added on life annuities. The section on estate planning has also been extensively revised.

 

For readers who wish to gain hands-on experience in financial planning and the knowledge stemming from actually creating a financial planning document, the PlanPlus for Students software is now available free of charge. Internet-based and easy to use, this software assists in the analysis of problems in the text and in practice.


For more information about PlanPlus for Students please visit http://www.planplus.com/ca/educator/


Table of Contents   top

(Abbreviated)

List of Figures/Tables

Preface

Chapter 1  Introduction

Chapter 2 Time Value of Money

Chapter 3 Setting Goals and the Financial Planning Process

Chapter 4 Measuring and Controlling Personal Finances

Chapter 5 Family Law

Chapter 6 The Life Cycle and Financial Intermediation

Chapter 7 Personal Income Tax

Chapter 8 Income Tax Planning

Chapter 9 Risk Management

Chapter 10 Life, Health, and Disability Insurance

Chapter 11 Property, Home, and Automobile Insurance

Chapter 12 Credit and Debt Management

Chapter 13 Buying a Home and Mortgage Financing

Chapter 14 Principles of Investment

Chapter 15 Types of Investments

Chapter 16 Mutual Funds

Chapter 17 Retirement Planning

Chapter 18 Maturation of the Retirement Plan

 

Appendices

 

·   Appendix Present Value of $1 Received n Periods in the Future

·   Appendix A2 Future Value Of $1 Compounded For n Periods

·   Appendix A3 Present Value of An Annuity Of $1 Per Period For n Periods

·   Appendix A4 Future Value of an Annuity Of $1 Per Period For n Periods

·   Appendix B Canada, Life Tables

·   Appendix C The Normal Distribution

·   Appendix D Nominal Returns Of Asset Classes, 1957–2010 (In %)

·   Appendix E Real Returns Of Asset Classes, 1957–2010 (In %)

 

Index

Instructor Resources   top

Comprehensive teaching aids for instructors are available including:

  • Instructor's Manual
  • Testbank
  • PowerPoint slides

Visit the Instructor's Resources website

Related Resources   top

About the Author   top

Kwok Ho is Associate Professor of Finance and Finance Area Co-ordinator, School of Administrative Studies, York University, where he teaches personal and corporate finance. He received his Ph.D. in finance from the University of Toronto in 1982, his Certified Management Accountant designation in 1985 and his Certified Financial Planner® designation in 1999. Prior to his academic career, he gained extensive business experience in Hong Kong, China, Japan, and Canada. Writing with Moshe Milevsky and Chris Robinson, he has won a number of best paper awards for his research in retirement planning. His research has appeared in journals such as Financial Services Review, Review of Quantitative Finance and Accounting, International Review of Financial Analysis and Canadian Investment Review. His current research interests include personal finance, dividend policy and capital structure.

Chris Robinson is Associate Professor of Finance, School of Administrative Studies, York University, where he teaches personal finance, financial statement analysis, ethics, security valuation, and corporate finance. In 2011, he was named one of the inaugural Fellows of the Financial Planning Standards Council for his contributions to the financial planning profession in Canada. He articled with Thorne Riddell (now KPMG) and received his Chartered Accountant designation in 1977. He received his Ph.D. in finance from the University of Toronto in 1985 and his Certified Financial Planner® designation in 1999. His research has appeared in journals like Financial Services Review, Financial Analysts Journal, Journal of Corporate Finance, Canadian Journal of Administrative Science, Review of Quantitative Finance and Accounting, North American Actuarial Journal, International Review of Financial Analysis and Canadian Investment Review. He was a contributing editor to The Financial Post, International Accounting Bulletin and World Accounting Report during the 1980s. He has won several best paper awards for his research in personal finance, with a variety of co-authors. His current research interests include personal finance, alternative and critical perspectives on finance and accounting, dividend policy, regulation of payday lending, financial exclusion and estimation of life insurance requirements.