TITLE

Case Study: Bill and Sarah in the Vision Phase

PUB. DATE
April 2005
SOURCE
Journal of Financial Planning;Apr2005, Vol. 18 Issue 4, p50
SOURCE TYPE
Academic Journal
DOC. TYPE
Case Study
ABSTRACT
The author reflects on the financial planning case of married couple Bill and Sarah during the vision phase. At our second meeting, I asked Bill and Sarah to read aloud their answers to the three questions. On the first question, in which they imagine themselves financially secure, Bill had two primary interests if money were not a concern. He likes to tinker in his shop and come up with handy tools and gadgets. In the second question, in which they have five to ten years of life remaining. Bill spoke of spending more time with siblings and their families, his aging parents, and traveling with his wife to destinations of her choice. He also would hope to see his children happily married and launched in life. For the first question, Sarah would make sure that the children all had substantial trust funds to secure their futures. She would also want to create a legacy in her community, funding parent education and support programs for working mothers, both single and married. For the remainder of the meeting. Bill and Sarah talked of their deepest yearnings. They began to see how they could travel to exotic places where Bill could participate in his sports interests, while Sarah could seek out equestrian facilities, sketch or paint horses in the different settings, and ride where and when she could.
ACCESSION #
16735599

 

Related Articles

  • ASK THE EXPERT. Updegrave, Walter // Money;Dec2010, Vol. 39 Issue 11, p36 

    The article presents several questions and answers relating to personal finance including the rate on return for people making renovations to their home, the amount of money that employees in their 20s should be saving for retirement, and the biggest issues underestimated by new retirees.

  • Finding a Financial Advisor. Haunty, Thomas A. // Young Lawyer;Oct2010, Vol. 15 Issue 1, p1 

    The article presents questions and answers related to financial advisors including what do they do, how do they charge for their service and on their selection.

  • ASK PAUL.  // Money (Australia Edition);Nov2009, Issue 118, p36 

    The article presents questions and answers related to financial management including how to buy a house despite having a Higher Education Contributions Scheme (HECS) debt, how to rebuild after a bankruptcy and how to invest in properties.

  • your money worries solved. Bouris, Mark // Real Living;Sep2010, Issue 57, p31 

    The article presents questions and answers related to investment including one related to the right time for selling a piece of land and another related to loan in making a new investment.

  • ask paul. Clitheroe, Paul // Money (Australia Edition);Apr2008, Issue 100, p36 

    The article presents questions and answers related to managing personal finances, including whether it is advisable to sell an expensive car and buy two second-hand cars, how to invest personal savings, and whether it is advisable to borrow money to buy shares.

  • ASK PAUL.  // Money (Australia Edition);Dec2010/Jan2011, Issue 130, p34 

    The article presents questions and answers related to financial management including the disadvantage of buying a vacant lot, consolidation of debt and a safe investment strategy for a 55-year-old woman.

  • Money Talks. Myers, Melissa; Tucker, Michael // Echo Magazine;7/26/2007, Vol. 18 Issue 23, p34 

    This article presents a question and answer about personal finances. The question asks the expert to provide an appropriate amount of savings that a couple should have in the bank. The expert recommends saving the equivalent of six months of expenses for a typical couple. If both parties have...

  • Living below your means. Fredman, Catherine // Good Housekeeping;Oct2003, Vol. 237 Issue 4, p57 

    Profiles several married couples who believed in the benefits of personal savings. Emily and Robert Terbrock; Melissa and Andy Fey; Renee and Christopher Brown; Kathy and John Zuehlsdorf.

  • Extra super contributions. ROB, DIANA // Money (Australia Edition);May2011, Issue 134, p29 

    The author offers retirement planning advice for a married couple with three teenage children. She advises them to work out the annual living expenses in retirement. She points out the existence of a number of possible strategies to boost retirement savings, one of which is additional...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics