For the each scenario below, identify:

a) Investment goal

b) Type of investment account recommended (i.e., RRSP, TFSA, RESP, non-registered, etc.)

c) Asset allocation of the portfolio and why this is appropriate

d) Other aspects you would need to consider that are not specifically noted

Scenario 2:

Steve and Rebecca have 2 small children ages 3 and 4. They have moved to the suburbs and bought a house to provide enough space for their kids to run around and burn energy so that they have time to binge watch their TV shows. They have a sizable mortgage of $720,000 on the home. They earn a combined take home salary of $225,000. They want their kids to pursue post-secondary education but dont expect either of the children will get a scholarship, so they need to save up $100,000. Their best friend is a financial planner and helped them finance a new SUV. The monthly loan payments are $125. Even with their large salary they are worried about their ability to repay the car loan, save for their kids education and have the mortgage paid off by retirement, which is 27 years away. It seems like a long time, but monthly income just seems to disappear, and their debts dont! They have the following investment portfolios:

Joint bank account	9,200
Steve Non-registered account
150 shares of BCE	9450
Rebecca TFSA
High interest Savings	1200
Non-redeemable GIC 25SEP2022 maturity 1.75%	3000
Total TFSA = 4,200
Steve RRSP
Canadian Balanced ETF	15150
US Equity ETF	28650
Canadian Income Fund	50000
Total RRSP = 93,800
Rebecca RRSP
Cash	500
Cashable GIC maturing 25DEC2020	5000
High Yield Fixed Income	15000
Global balanced	12580
Canadian short-term fixed income	22569
Canadian fixed income	15789
Total RRSP = 71,438
Family RESP Account
Cash	200