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LIU your previous attempt Required information 1. Managing Personal Finances Managing Personal Finances This activity is important because it demonstrates the importance of personal finance. The goal of the activity is to help you understand how to control assets, how to protect assets with insurance, and how to plan for retirement. Read the case about managing personal finances and then answer the questions that follow Case Alexis and Jose have been dating since high school. They are both college graduates and plan to marry this fall. Alexis just found out she is pregnant and will be expecting next spring. Jose has a full-time job with benefits; it comes with a cafeteria-style benefits plan wherein he can choose which type of insurance he wants and whether he wants to invest in his company's 401k plan. His company matches up to 15 percent of his salary. Right now, his salary is substantial enough to cover basic living expenses. He tracks each month's expenses on a spreadsheet. Alexis is working a part time job that offers no benefits. She is bringing in a nominal amount toward the family income, but plans to put most of these earnings toward a small wedding. Both Alexis and Jose have incurred a significant amount of student loan debt and each have a couple of credit cards. They currently rent and share ownership of a single vehicle. They have little other assets. Neither one of them has a significant savings account or has started investing in a retirement fund. They have a lot of important financial decisions ahead of them. Help them make some of those decisions by answering the questions that follow. 1b. What should Alexis and Jose do MS. They have a lot of important financial decisions ahead of them. Help them make some of these decisions by answering the questions that follow, 1b. What should Alexis and Jose do What should Alexis and Jose do with the money that is left aner all their monthly byts have been paid? Multiple Choice Put it in a savings account 0 O Pay off their credit card debit 0 Puts toward paying off their student loans 0 invest in the stock market 0 use it to purchase a house, 2 Te ve a lot of important financial decisions ahead of them help them make some of these con Dy the questions that follow ng tc. What is the minimum amount that Alexis What is the minimum amount that Alexis and lose should have in savings? Mul Choice 0 mes the income 0 O 2 umes their encome 0 me the income 0 10 nmes their income 0 mes the income ULUSO. by answering 1d. Jose's job is offering him life insurance... Jose's job is offering him life insurance, how much should he buy? Multiple Choice O zone 7 times the total family income plus $100,000 $100,000 O 7umes of one salary plus $50.000 0 2 times the total family income O half the total of each salary plus $100,000 4 te. How much should Jose invest in the company's 401k program? How much should Jose invest in the company's 401k program? Mumple Choice foto- O 15% of hes salary 50% of his salary 0 O 75% of his salary 0 O SX of his salary 0 10% of his salary Required information 4. Retirement Investments Retirement Investments may seem a t ry to start planning your retirement, but sukces ancial planning maong range planning, and retirement phase of life. This activity is important because it covers what you can do now to start investing your future The goal of this weeke is to differentiate and understand the value of different retirement investment Rewd each rebrement investment profile Then match the retirement investment type to the correct profile Note, nota Lab wo be used 4a. Retirement Investments (Keyboard Navigable Alternate Version) Retirement Investments It may seem a bit early to start planning your retirement, but successful inancial planning means long range planning, and strement is a cicapace of investing in your future rement investments The goal of this exercise is to differentiate and understand the value of afferent Match the terms to the most appropriate scenari I RA, S RA Keogh plans Match each of the options above to the Anchete to the most appresentano 1 Keogh plans Soci Security anch each of the above them to Stan has invested $5000 of resincome to this account each year for the last 5 years. The invested money is not with one of the greatest be t ype of weet Noon and Max just started a new drive and delivery service that caters to the elderly population in the community They can't open an RA because of the with this type of investment instead the "IRA for entrepreneurs-which willow them to invest up to $54000 a year amount they can they decided to go Anguli recently decided to invest in this type of tund, which guarantees she will never love her principale Interest rates, but due to her limited funds, this was her best sings option ment because it is backed by the government is a slow growing me to the low Rolando is a junior in college. He recent transferred he makes will also be tax free regular bank savings account to this type of und He wil have to pay taxes ont pont, but his ear t will grow taxe and any w a s ce poate 40 Aja has been working for the last 25 years at the same company. The plans to retreat 65. Continuous contribution from her paychecks have helped to grow is fundat percent of her income once she retres 38 Next > LIU your previous attempt Required information 1. Managing Personal Finances Managing Personal Finances This activity is important because it demonstrates the importance of personal finance. The goal of the activity is to help you understand how to control assets, how to protect assets with insurance, and how to plan for retirement. Read the case about managing personal finances and then answer the questions that follow Case Alexis and Jose have been dating since high school. They are both college graduates and plan to marry this fall. Alexis just found out she is pregnant and will be expecting next spring. Jose has a full-time job with benefits; it comes with a cafeteria-style benefits plan wherein he can choose which type of insurance he wants and whether he wants to invest in his company's 401k plan. His company matches up to 15 percent of his salary. Right now, his salary is substantial enough to cover basic living expenses. He tracks each month's expenses on a spreadsheet. Alexis is working a part time job that offers no benefits. She is bringing in a nominal amount toward the family income, but plans to put most of these earnings toward a small wedding. Both Alexis and Jose have incurred a significant amount of student loan debt and each have a couple of credit cards. They currently rent and share ownership of a single vehicle. They have little other assets. Neither one of them has a significant savings account or has started investing in a retirement fund. They have a lot of important financial decisions ahead of them. Help them make some of those decisions by answering the questions that follow. 1b. What should Alexis and Jose do MS. They have a lot of important financial decisions ahead of them. Help them make some of these decisions by answering the questions that follow, 1b. What should Alexis and Jose do What should Alexis and Jose do with the money that is left aner all their monthly byts have been paid? Multiple Choice Put it in a savings account 0 O Pay off their credit card debit 0 Puts toward paying off their student loans 0 invest in the stock market 0 use it to purchase a house, 2 Te ve a lot of important financial decisions ahead of them help them make some of these con Dy the questions that follow ng tc. What is the minimum amount that Alexis What is the minimum amount that Alexis and lose should have in savings? Mul Choice 0 mes the income 0 O 2 umes their encome 0 me the income 0 10 nmes their income 0 mes the income ULUSO. by answering 1d. Jose's job is offering him life insurance... Jose's job is offering him life insurance, how much should he buy? Multiple Choice O zone 7 times the total family income plus $100,000 $100,000 O 7umes of one salary plus $50.000 0 2 times the total family income O half the total of each salary plus $100,000 4 te. How much should Jose invest in the company's 401k program? How much should Jose invest in the company's 401k program? Mumple Choice foto- O 15% of hes salary 50% of his salary 0 O 75% of his salary 0 O SX of his salary 0 10% of his salary Required information 4. Retirement Investments Retirement Investments may seem a t ry to start planning your retirement, but sukces ancial planning maong range planning, and retirement phase of life. This activity is important because it covers what you can do now to start investing your future The goal of this weeke is to differentiate and understand the value of different retirement investment Rewd each rebrement investment profile Then match the retirement investment type to the correct profile Note, nota Lab wo be used 4a. Retirement Investments (Keyboard Navigable Alternate Version) Retirement Investments It may seem a bit early to start planning your retirement, but successful inancial planning means long range planning, and strement is a cicapace of investing in your future rement investments The goal of this exercise is to differentiate and understand the value of afferent Match the terms to the most appropriate scenari I RA, S RA Keogh plans Match each of the options above to the Anchete to the most appresentano 1 Keogh plans Soci Security anch each of the above them to Stan has invested $5000 of resincome to this account each year for the last 5 years. The invested money is not with one of the greatest be t ype of weet Noon and Max just started a new drive and delivery service that caters to the elderly population in the community They can't open an RA because of the with this type of investment instead the "IRA for entrepreneurs-which willow them to invest up to $54000 a year amount they can they decided to go Anguli recently decided to invest in this type of tund, which guarantees she will never love her principale Interest rates, but due to her limited funds, this was her best sings option ment because it is backed by the government is a slow growing me to the low Rolando is a junior in college. He recent transferred he makes will also be tax free regular bank savings account to this type of und He wil have to pay taxes ont pont, but his ear t will grow taxe and any w a s ce poate 40 Aja has been working for the last 25 years at the same company. The plans to retreat 65. Continuous contribution from her paychecks have helped to grow is fundat percent of her income once she retres 38 Next >
