Bob has just gotten married and is reviewing his life goals.

1. Take his new bride on a post-Covid honeymoon on their one-year anniversary (when they hope conditions for travel will improve).
2. Move from the apartment into a house in 3 years.
3. Retire 35 years from now.
4. Build an emergency fund because both cars may need repairs at any time.

When Bob thinks about these goals, he knows there is a financial component and has been thinking of where the funds will come from. He has a good job due to his degree from Morgan State and a lot of relatives gave him cash for the wedding. He wants your help in identifying which of the following choices would make the BEST options for each of the above goals if each goal is limited to only one type of account and each type of account can only be used once.

1. Mutual funds
2. Money market accounts
3. Stocks or bonds
4. Certificates of deposit

In one or two sentences, explain to Bob which account you have chosen for which goal and why you think it is the best.