HDFP - Human Devel Family Fin Plan

HDFP 510 Fundamentals of Family Financial Planning: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp, Su) This course provides an overview of family financial planning by integrating concepts and issues with planning and counseling applications. Students will be introduced to the key concepts of family financial planning, including: insurance, tax investments, retirement, and estate planning. The family financial planning process is introduced with an emphasis on the integration and application of concepts in meeting individual and family financial goals and objectives. Other topics presented include an ethics overview, compensation trends within the industry, and regulatory frameworks. This course is offered as a distance-delivered course from Oklahoma State University

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Apply essential financial planning skills, including internal and external environmental components, in the creation of financial plans and communication with clients.
Breakdown the importance of the financial planning process to clients and communities.
Identify and analyze key components of personal financial statements.
Administer the concept of time value of money and demonstrate proficiency using a financial calculator.
Employ an understanding of key components of financial planning topics through quizzes and discussions.
Assess the history and key elements of the financial planning profession.
Chart an integrated knowledge of the financial planning process through the creation of a comprehensive financial plan.
Apply knowledge of ethical responsibilities of financial planners as described by the CFP® Board through discussions and quizzes.

HDFP 515 Insurance Planning for Families: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp, Su) The course covers risk management concepts, tools, and strategies for individuals and families, as well as ethical consideration. Case studies provide experience in selecting insurance

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The goal of the course is to understand the concept of risk and risk management, and the concept of insurance and insurance planning, and the concept of diverse insurance including life insurance, health insurance, annuities, disability/long-term care insurance, and homeowner/auto insurance, and insurance policies and regulations.
learn a depth of knowledge,
apply the methods of inquiry in insurance planning, and
learn a breadth of knowledge across the insurance planning discipline.

HDFP 520 Investing for Family's Future: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp) This course covers various aspects of the principles of investments and their application to family financial planning. Topics include risk analysis, risk reduction, expected returns of various investments, and the nature of securities markets and investment companies

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Have a comprehensive understanding of the advantages and disadvantages of investment opportunities commonly available to households.
Be able to translate an individual’s investment objectives, risk tolerance, and time horizon into an investment decision and portfolio recommendation.
In addition to developing technical expertise in the course subject matter, this course develops and fosters communication skills, critical thinking, and analytical decision making through interaction with course colleagues. Our schedule of topics aligns well with the CFP Board of Standards Student Centered Learning Objectives E.33-E.41.

HDFP 525 Retirement Planning, Employee Benefits, and Families: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp) This course covers retirement planning for the individual and the family. Topics include qualified retirement plans, nonqualified plans, IRAs and other plans that offer tax advantages to the individual and family

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Module 1\\n Define financial independence.\\n Explain why employers establish employee benefits and retirement plans.\\n
Module 2\\n Identify the factors affecting retirement planning.\\n Identify the costs from pre-retirement to retirement.\\n Identify the various sources of retirement income.\\n Calculate the capital needs analysis
Module 4\\nExplain the characteristics of pension plans
Module 5\\nDiscuss the various methods of allocating profit sharing contributions to employee accounts Explain why Social Security integration is permitted and how to apply it to a profit sharing plan.\\nDescribe the basic elements of a New Comparability plan.\\nRecommend an appropriate allocation method for a profit sharing plan
Module 6\\nDetermine whether the advantages of an ESOP are appropriate for a given situation.
Module 7\\nUnderstand the differences between QJSAs, QPSA and QOSAs.\\nUnderstand and calculate minimum distributions for participants and beneficiaries.
Module 8\\nUse the plan selection process to identify the best plans for a business to adopt.\\nUnderstand the requirements for establishing a qualified plan.
Module 9\\nDescribe the nature of the taxation of distributions from traditional and Roth IRAs.
Module 10\\nIdentify other tax-advantaged plans.\\nExplain how SIMPLEs work and when they should be considered.
Module 11\\nUnderstand the history and purpose of the Social Security program\\nProvide an overview of the Social Security system, including payroll taxes, benefits, and qualifications.\\nIdentity possible beneficiaries under the Social Security system\\nExplain disability benefits, survivor benefits and maximum family benefits under Social Security. \\nUnderstand and describe the taxation of Social Security benefits.
Module 12\\nExplain the general characteristics of a deferred compensation plan and when it is appropriate.
Module 13\\nProvide a general definition or description of a fringe benefit identify the most important fringe benefits. \\nState the rule that unless an employer provided fringe benefit is specifically excluded by the IRC, it is taxable income
Module 14 \\nDescribe a flexible spending account and articulate it’s benefits and rules\\nDescribe other employer/employee insurance arrangements

HDFP 530 Estate Planning for Families: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp) Course covers the basics of estate planning for families including understanding the basic elements of estate planning, analyzing case studies of estate planning situations, and developing skills to work with families on estate planning problems

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Define estate planning.
List the goals, objectives, and risks of estate planning.
Identify the steps in the estate planning process and create an estate plan.
Identify the members of the estate planning team.
List and describe the basic documents generally included in an estate plan.
Understand gift and estate tax and how to apply the tax rate schedule for gifts and estate.
Analyze and evaluate various strategies of estate planning for families based on their unique needs and wishes, including gifts, transfers at death, trusts, charitable and marital deductions, and life insurance.

HDFP 540 Personal Income Taxation: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp) Course covers the basics of personal income taxation including taxation terminology, taxation issues in investments, taxes and retirement planning, tax management techniques, tax implications in marriage and other close relationships, and other tax topics related to family financial well-being

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To evaluate the development and purpose of personal income tax planning from a societal and economic perspective;
To study the important principles and concepts of personal income tax planning as they relate to families and households;
To develop skill and proficiency in the application of tax concepts, principles, calculations, and strategies in the context of personal financial planning as detailed in the Student Centered Learning Objectives of the Certified Financial Planner Board of Standards, Inc. [a copy of these objectives is located on our Canvas site in the syllabus section]; and
To apply personal income tax planning concepts in an integrated framework, developing ability to evaluate the effect of income tax law on household financial status, goals, and well-being.

HDFP 545 Financial Theory and Research I: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (Sp, Su) This course introduces students to the social science of family relationships as they relate to processes of family finance and financial planning. The course will cover several theories of family development and functioning, the family as an economic unit, and the interaction of the economy and families. This course is designed to help financial planning students better understand the financial decision-making processes of families through theoretical frameworks and published research

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Be introduced to the processes of creating knowledge in concepts of family financial planning through research to understand the social science research process; understand the role of theory in research; and understand that knowledge is created through qualitative and quantitative analysis of data
Be able to read research articles with an introductory level of understanding
Identify and explain various theories of family development, functioning, socialization, family formation diversity, and the impact of culture on family function
Identify and explain various social sciences theories, with an emphasis on microeconomic theory and household economic behavior, which seek to explain and predict human behavior in decisions about resource allocation
Apply theory, concepts, and research to family financial planning

HDFP 550 Housing/Real Estate: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Su) An overview of the role of housing and real estate in the financial planning process from a theoretical perspective. Taxation, legal aspects, mortgages, and financial calculations related to home ownership and real estate investments are included. New and emerging issues in the context of housing and real estate will be emphasized. The role of ethics in financial planning with housing and real estate will also be included. This course is offered as a distance-delivered course from Oklahoma State University

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Explain how housing and real estate affects a family's financial plan.
Compute financial calculations related to home ownership and real estate investments.
Analyze mortgages, legal issues, risk management, rights, and taxation related to home ownership and real estate.
Apply ethical considerations as a financial planner in educating and advising clients about housing and real estate decisions.
Identify resources and procedures that will assist future clients in making more informed decisions about housing and real estate.
Explain the role of government in supporting homeownership.
Apply the principles to an example, help the clients meet goals, and find solutions to issues common to housing ownership.

HDFP 555 Financial Counseling: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp) This course emphasizes the development of professional skills for assisting individuals and families to become responsible financial managers through the financial counseling process. Professionals with financial counseling preparation may assist in preventing, alleviating, and/or eliminating financial problems

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identify the variety and range of financial counseling agencies that exist in the United States\\n
explain certification procedures available to financial counselors\\n
describe community resources available to financially distressed families\\n
identify and describe the various types of financial counseling and the providers of each\\n
formulate the process and procedures for making referrals to appropriate resources\\n
explain the variety and range of personal financial problems\\n
recognize the causes, complexity and associated stress of financial problems\\n
develop skills and assemble resources to assist families in their financial management
explain the process of credit granting and collecting and the legal implications of involvement in the credit system\\n
distinguish among the legal remedies for over-indebtedness\\n
optimize the listening and counseling skills needed to help families with financial management
develop criteria to evaluate the success of financial counseling programs in meeting the needs of clients

HDFP 560 Professional Practices in Family Financial Planning: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (Sp) This course will cover the professional practice of family financial planning including the process of planning and counseling, ethics of professional practice, types of organizations offering planning and counseling services, and the evaluation of effectiveness in planning and counseling

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Analyze a professional practice business with regard to business valuation, personnel, marketing, client services, ethics, and technology application.
Analyze case studies that provide relevant, practical exposure to practice management issues, with a strong emphasis on current research findings.
Discover opportunities for financial advisors to identify, examine and evaluate strategies to move a current practice to the next level or modify a current business.

HDFP 565 Military Personal Finance: 3 Credits (3 Lec)

(F, Su) Majors in FFPO-MS only. This course offers an overview of topics relevant to the financial planning process and adapts the topics to unique needs, terminology, benefits, and resources that impact military service members and their families. The subject matter includes status of service members, financial readiness, financial management, recordkeeping, cash flow management, risk management, credit and debt management, savings, education planning, investment management, tax management, retirement management, estate management, and special topics.

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Assess and analyze the financial needs and issues of military service and family members.
Demonstrate knowledge of military terminology, duty status, benefits, and financial resources.
Formulate financial plans for military families which may include housing, insurance, investing, tax planning, retirement planning, and estate planning.
Apply communication and counseling skills in financial planning sessions with military clients.
Evaluate financial needs and challenges of military veterans and identify resources to improve or support their financial situations.

HDFP 572 Financial Plan Case Studies: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing. (F, Sp, Su) This course is a capstone course in the family financial planning master's and involves the analysis and presentation of case studies that require the application of all material gained in the master's courses to the financial planning process for families

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Demonstrate a comprehensive understanding of the content found within the Financial Planning\\ncurriculum and effectively apply and integrate this information in the formulation of a financial plan.\\n
Effectively communicate the financial plan, both orally and in writing, including information based on research, peer, colleague or simulated client interaction and/or results emanating from synthesis of material.\\n
Collect all necessary and relevant qualitative and quantitative information required to develop a financial plan.\\n
Analyze personal financial situations, evaluating clients’ objectives, needs, and values to develop an appropriate strategy within the financial plan.\\n
Demonstrate logic and reasoning to identify the strengths and weaknesses of various approaches to a specific problem.\\n
Evaluate the impact of economic, political, and regulatory issues with regard to the financial plan.

HDFP 575 Professional Paper: 3-6 Credits (3-6 Other)

PREREQUISITE: Graduate standing. (F, Sp, Su) A research or professional paper or project dealing with a topic in the field. The topic must have been mutually agreed upon by the student and his or her major advisor and graduate committee
Repeatable up to 6 credits.

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Demonstrate knowledge of the specific topic related to financial planning and address the need to have a better understanding of the topic.
Prepare a plan to conduct a research-based study or to gather information for a written paper.
Utilize library resources and high-quality research-based literature to investigate information for specific financial planning topics.
Analyze findings/results to reach and support conclusions.
Compile results to propose alternative solutions to questions addressed in the financial planning topic.
Assess findings to address limitations and implications for future research on the specific financial planning topic.
Identify real-world opportunities to apply gained knowledge and skills in financial planning settings.

HDFP 576 Professional Practicum: 3 Credits (3 Lec)

PREREQUISITE: Graduate standing and consent of instructor. (F, Sp, Su) Practicum experience in the field of family financial planning

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Identify and apply to a business or non-profit organization in a manner similar to applying for a position.
Working with the organization in which the placement will occur, set up at least four SMART goals to accomplish while working in the organization, with the collaboration and approval of the organization in which the practicum will take place.
Work within the organization to accomplish the SMART goals identified.
Seek feedback and evaluation of the work undertaken from the practicum site supervisor.
Reflect on the work through weekly journals.
Write a final paper with regard to the total experience of the practicum, including a reflection how the practicum might inform future career choices and directions.

HDFP 590 Thesis: 1-10 Credits (1-10 Other)

PREREQUISITE: Master's standing. (F, Sp, Su) Majors in FFPO-MS only. Directed graduate research/creative activity
Repeatable up to 99 credits.

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Independent Study: Student learning outcomes vary.

HDFP 591 Special Topics: 1-4 Credits (1-4 Lec)

PREREQUISITE: Upper division courses and others as determined for each offering. Courses not required in any curriculum for which there is a particular one-time need, or given on a trial basis to determine acceptability and demand before requesting a regular course number
Repeatable up to 4 credits.

HDFP 592 Individual Problems: 1-3 Credits (1-3 Other)

(Su) Majors in FFPO-MS only. Directed research and study on an individual basis.
Repeatable up to 6 credits.

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Independent Study: Student learning outcomes vary.

HDFP 594 Seminar: 3 Credits (1-3 Other)

(Su) Graduate standing in FFPO-MS program or seniors by petition. Course prerequisites as determined for each offering. Topics offered at the graduate level which are not covered in regular courses. Students participate in preparing and presenting discussion material.
Repeatable up to 4 credits.

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Outcomes will differ depending on section offered