Adeyemi Advice Summary Adeyemi CASH FLOW STATEMENT

Inflows

Kwame's salary

Laticia's salary

Kwame's Money Market account interest

Laticia's Pfiser $401(k)$ employer match

Total Inflows

Outflows

Child care babysitter, food, clothing, diapers etc.

Mortgafe $($princigal and intereit$)$

Apartment mairtenunce

Feal estate tases and homeowner's insurance premiums

Federal income taxes

State and local income taves

Groceries

Eating out $$650-1,000$

Unilities

Clothing

Tramportation

Entertainment

Miscellaneous

Vacation

Kwame's student loan payment

Laticia's student loan payment

Health insurance premiums

Desability income insurance premiams $$\frac{294}{?}$ week

Xwame' S NYC DCP $457$ plan sentributions $($masing out

Traditional

Ewame's NYC DCP $401(k)$ contribubons

Latisa$)$ Reth $401(1)$ contributions

Laticia' $401$ k $)$ emploger match $($Traditional$)$

$|$Total Outflows

CASH FLOW SURPLUS

Nease do not ahare this file outside of this class.

$02022$ Eugene Skarodinsky, $C{l}^{*}.$ Al rights reserved.

What's your ultimate advice to Kwame and Laticia for each of the following areas of

financial planning? Should they keep doing what they've been doing, or start doing

something else instead? Provide brief thoughts, perhaps a few sentences for each

item.

To edit this file, click "Download", and edit your version.

Keep all your answers green, please, so that I can easily see what you typed.

Expenses; Should they be spending more or less overall, and do you recommend any adjustments to how they spend their

money?

Answer:

Life insurance: Does Kwame and $/$ or Laticia need any, what type, and roughly how much in death benefit?

Briefly justify each choice.

Answer:

Debt Management: Should they pay more on any of their debts, considering their overall financial situation, and if so$,$ which

debt$($s$)?$ Why?

Answer:

Mortgage refinancing: Which kinds of mortgages should they consider, if any? Or should they just stick with their current

mortgage for now? Justify your suggestions.

Answer:

Investing and retirement planning $($make sure you complete all the Adeyemi Retirement homework first, and then come

back here to provide your comments$)$: What actions would you recommend to Laticia and Kwame, if any? Why?

Answer:

Cash flow: How do you think they should utilize that sizeable cash flow surplus they have?

Answer:

Anything else: What other advice not mentioned above would you give them? $($It might be a good idea to re$-$read the case

narrative here again, to identify any other issues not yet addressed in this document.$)$

Answer:

Once done with all the answers, save the file and submit it in Brightspace. Then bring your file to class. I$\text{'}$m looking forward to a good

discussion of all this at our last class session.

$!!!!!!!!!!$ PLS LIST OUT THE STEP $!!!!!!!!!!$