Answer as a financial advisor presenting a financial plan for a family, use information provided as Case Study- The Jones Family:

Base on the case of study and information below provide:

• List long term investment needs. (do not include buy a new house) like: -Education fund (Registered Education Savings Plan) for their 2 kids

-Emergency fund

-TFSA

• Create investor profile questionnaires for each of long term investment (other than retirement).

for the questions use the information already provide for the case, as kids age, horizon for the investments base on kids age for the Registered Education Savings Plan.

• Recommend the amount should be saved, investment time horizon, asset allocation for each of the investment objective.
• Registered Education Savings Plan involves analyzing client's ability to save for their children's' education. You must prepare the calculations to determine required savings on a monthly basis. Consider the age of the kids Adam and Erin are ages 5 and 3 respectively. In addition to the calculations, you must provide a written description for the client regarding how calculations were done and where numbers came from. This analysis should include a comparison to remaining disposable income after reviewing budgeting provided in case of study. In situations where not enough income is available, your recommendations to the client must be included. Remember to advise the client where these funds should be invested and how.
• Assumptions for your calculations:
• use a historical rate of return commensurate with the level of risk the client is recommended to take per their risk tolerance questionnaire.
• Assume 5% inflation on education costs each year (per recent trends)
• Assume children will attend school at age 18. Consider the age of the kids Adam and Erin are ages 5 and 3 respectively

The Jones family have: Total Assets: $274,143.00

Total Liabilities: $276,121.00

Net Worth Statement: $-1,978.00

Total Income: $10,749.98

Total Expenses: $10,268.17

Excess Income over Expenses Monthly: $481.82

Excess Income over Expenses Annually: $5,781.8