Browse By by Author by Title List All Links Categories Home Based Small Business Bookkeeping Mail Order General Legal Guides Entrepreneurship Budgeting New Enterprises Franchises Capital Generation Personal Financial Planning Review   I happen to have Victor Hallman`s class at the Wharton School, and we use this as the text. As a result, I have had the unfortunate task of committing to memory large portions of this book. In general, I find the book to be thoroughly comprehensive in describing financial products and planning techniques. Hallman and Rosenbloom are conservative, and they incorporate a sophisticated knowledge of both tax law and financial theory. This volume, however, is somewhat outdated in that it does not include the 2001 tax relief act that phases out the estate tax and lowers the highest federal income tax bracket. In addition, I think that the book lacks instruction. Specifically, there should be more hypothetical scenarios of individuals in certain financial scenarios and suggestions about what tools they can use to improve their situation. That would make it more accessible to the average reader instead of simply the professional planner.