Robert and Carole Ann Adams are a young couple, ages 26 and 22 respectively. He has a BS. In Management and is a lower-level manager at ABG Industries, where he is regrded as an up and comer. His salary is $75,000 per year.She has a bachelors in marketing, and is working on a marketing team for a major manufacture of textiles. Her salary is $60,000 per year. They would like to buy a house and then have a baby some time in the next 5 years. They have $xxxxx in a savings account, and Robert participates in the 401(k) plan at work. Robert likes to collect and restore old automobiles, but finances most of his hobby by selling about half the cars he restores. Storage is sometimes a problem. Below is a Statement of Net Worth and a statement of Cash Flow for the Adams.

Once the baby is born, Carole Ann hopes to take off work for at least 3 years to care for the baby.

What do Carole Ann and Robert need to do to achieve their goals.