Question
Client Financial Information Married couple in late 20s Both college graduates No children but plan to have 2 children over the next 2 years Would
Client Financial Information
- Married couple in late 20s
- Both college graduates
- No children but plan to have 2 children over the next 2 years
- Would like to plan for kids' college
- Hope to retire at age 65with at least 75% of their current income
- Overall moderate risk tolerance
Visa Bill$500 , Min monthly PMT $25
Checking Account $925
Stocks $10,000
Auto insurance (monthly) $125
Inherited Furniture $3,250
Mastercard Bill $450
Monthly income (Spouse 1) $4500 Monthly income (Spouse 2) $2000
Annual Medical Expense $245
Mutual Fund $3000
primary home $100000
Bonds $2000
monthly food cost $400
automobiles(s) $12,000
401(k) $6500
furnishings $5500
mostly car payment $335
outstanding mortgage balance $80,000
mostly utilities $275
outstanding auto loans $6500
savings account $2700
other personal property $8500
clothing expense $200
other monthly expenses $175
student loan balance $13000
monthly student loan PMT $100
- Your clients indicate an intention to provide support for their children's college education. What do you think of the way in which they currently have the funds invested and why? Do you think they are investing enough? What suggestions or recommendations do you have for them?
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
