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Kwok Ho, Chris Robinson
Captus Press,
ISBN
978-1-55322-254-5
(2012)
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/
(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
Comprehensive teaching aids for instructors are available including:
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.
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