Planning Your Financial Recovery

Speaker: Kelvin Boston
Continuing Education Credit: 1.5
Issue: Multi-year financial planning; long-range financial planning.

We are using the DoD/DCO Adobe system. If you are going to join this session and you are not located on a military installation, you will have to install several security certificates. The instructions for installing certificates on Windows-based computers are located:
http://blogs.extension.org/militaryfamilies/files/2012/06/DoCCertificate.pdf

Recent Research:
Financial Planning Process Research Briefs; http://www.extension.org/pages/18719/financial-planning-process-research-briefs

Cooperative Extension Resources
Careful financial planning offsets the cost of raising children http://www.dasnr.okstate.edu/Members/trisha.gedon-40okstate.edu/careful-financial-planning-offsets-the-cost-of-raising-children/
Should You Hire a Financial Planner? University of Minnesota Extension http://www.extension.umn.edu/distribution/familydevelopment/components/07775-ch5.pdf

Focus on Savings and Investments-Purdue Extension
http://www.extension.purdue.edu/extmedia/cfs/cfs-727-5-w.pdf

Financial Recovery in Later Life: Increase Your Resilience
http://www.extension.org/pages/27767/financial-recovery-in-later-life

Disaster Recovery
The Family Financial Toolkit: Recovery After Disaster: The Family Financial Toolkit. Putting your financial recovery puzzle together. A natural disaster can strike anywhere, anytime. If you or a loved one has been affected by a natural disaster, it’s important to know that financial recovery takes time and can be a complex process. There are no easy fixes and no guarantees. http://www.extension.umn.edu/family/tough-times/disaster-recovery/family-financial-toolkit/

Other Resources:

Ameriks, J., Caplin, A., Leahy, J. (2003). “Wealth Accumulation and the Propensity to Plan”. Quarterly Journal of Economics 68, 1007-1047.

Lusardi, A. & Beeler, J. (2006). Savings Between Cohorts: The Role Of Planning. Working Paper, Dartmouth College.

Lusardi, A. & Mitchell, O.S. (2007b). Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel. Available at http://www.dartmouth.edu/~alusardi/Papers/American_Life_Panel.pdf (Retrieved September 24, 2012.

Created by Molly Herndon

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