SICS AND EVALUATING BONDS INVESTING BA The triplets are now three-and-a-half heig hs, mounds of laundry, and crying babies.! years old and Jamie Lee and Ross, both 38, are finally years were a blur of diapers, to settle down into a regular routine. The first three feedings, baths Jamie Lee and oss finally went out to a welcome dinner out on the town. Ros' the triplets. They were having a conversation about their future the kids. They figured college expenses will be S100.000, and their on the town. Ross's finally parents ere watchin eventual dd ho co iey ret for erire. That could be another $350.000, 30 years from now. They won- future for both of them. They have dreamed of owning a beach retirement was a major house when they retire dered how could they possibly afford all of this. They agreed that it was time to talk to an investment counselor, but they wanted to all of their financial information and discuss their family's financial goals before up the appointment. worry nits. Current Financial Situation Assets (Jamie Lee and Ross combined): Checking account. $4,500 Savings account, $20,000 nor Ross, $80,000 gross income ($64,500 net income after taxes) nd savings account, $21,000 Monthly Expenses 0, er ld Mortgage, $1.225 Property taxes, $400 Homeowner's insurance, $200 IRA contribution, $300 Utilities, $250 Food, $600 Baby essentials (diapers, clothing, toys etc.), $200 Gas/Maintenance, $275 Credit card payment, $400 Car loan payment, $289 Entertainment, $125 IRA balance, $32,000 Cars, $8.500 (Jamie Lee) and $14,000 (Ross) Liabilities (Jamie Lee and Ross combined): Student loan balance, S0 ie Credit card balance, $4,000 Car loans, $2,000 Income: Jamie Lee, $45,000 gross income ($31,500 net income after taxes)