Describe the stage in the adult life cycle $($L$ Chapter $1,$ L Exhibit $1-1)$ that Jamie Lee and Ross are experiencing right now. What are some of the financial activities that they should be participating in at this stage?

$2.$ After reviewing Jamie Lee and Ross's current financial situation, suggest specific and measurable short$-$term and long$-$term investment goals that can be implemented at this stage.

$3.$ Using the investment goal guidelines listed below, assess the validity of Jamie Lee and Ross's short$-$ and long$-$term goals $($college education for the kids, retirement, and a second home$).$