Ella and Aaron Martin together earn approximately $92,000 a year after taxes. Through inheritance and some wise investing, they also have an investment portfolio with a value of almost $200,000.

1. How much of their annual income do you recommend the Martins hold in some form of liquid savings as reserves? Explain - responses must include references from the text and more than an opinion.

2. How much of their investment portfolio do you recommend they hold in savings and other short-term investment vehicles? Explain.

3. How much, in total, should they hold in short-term liquid assets?

4. Does the couple need professional advice?

(300 words minimum)