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Answer the following questions: related to The Smith Family Financial Plan part B 1. Should the Smiths refinance their home and pay the $4,000 mortgage

Answer the following questions: related to The Smith Family Financial Plan part B

1. Should the Smiths refinance their home and pay the $4,000 mortgage break penalty? Support your answer with the appropriate calculations.

2. Property: Do the Smiths have any options for improving their home and residential insurance? Are they paying too much? Is their coverage adequate? Why or why not?

3. How would you change their investment stategy and portfolio given the potential impact of COVID-19?

4. Comment on how stocks/bonds would fit into the Smiths' investment portfolio.

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