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Client: Lisa, Age 33 Client's Yearly Gross Income: $150,000.00 Household Yearly Gross Income: $150,000.00 Employment Start Date: August 2020 Lisa was recently hired as an

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Client: Lisa, Age 33 Client's Yearly Gross Income: $150,000.00 Household Yearly Gross Income: $150,000.00 Employment Start Date: August 2020 Lisa was recently hired as an Assistant Professor at Ball State University. She currently has no dependents and contributes to Ball State's APP and 457 (b). Her goals are to maintain her current financial position and increase her retirement savings. Relevant Client Information: Cash Flow: Monthly Household Income after Taxes, Retirement, and Insurance: $6,750.00 Monthly Mortgage: $975.00 Monthly Auto Loan: $725.00 Monthly Utilities, Groceries, and Other Expenses: $1250.00 Assets and Liabilities: Cash On Hand: $30,000.00 Home Appraisal: $187,500.00 Retirement Savings (403b pre-tax): $25,000.00 Retirement Savings (457b post-tax): $25,000.00 Vehicle Appraisal: $47,500.00 Mortgage Debt: $167,500.00 Auto Debt: $27,500.00 Using the above information provide a brief financial plan for the client. In your 200 word minimum overview, address the following questions: 1. How is Lisa currently doing from a financial perspective? 2. Assuming no missing financial information, what is Lisa's net worth? 3. Though she has no student loan debt, Lisa was unable to save for retirement during grad school, so she is aware that she is behind in some ways. Currently she is contributing 10% of her gross income to thie 457b (as Roth contributions) and 5% of her gross income to the 403(b) TDA. Ball State is contributing to her 403 (b) APP. What is the total amount (in \$) being contributed to her retirement, including Ball State's contribution? (a) What will be the total contribution amount (in \$) after her third year of employment, assuming no change in Lisa's income? (b) Should Lisa change anything about her current retirement savings

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