The triplets are now three and a half years old, and Jamie Lee and Ross, both 38 , are finally beginning to settle down in to a regular routine now that their children are a little more self-sufficient. The first three years were a blur of diapers, feedings, baths. mounds of laundry, and crying babies! Jamie Lee and Ross finally had a welcomed dinner out on their own as Ross's parents were minding the triplets. They were having a conversation about their future and the future of the triplets. College expenses, which they figured to be $110,000, and their eventual retirement seemed to be a major worry of the both of them. They both have dreamed of owning a beach house when they retire. That could be another $415,000 thirty years from now. They wondered how could they possibly afford all of this? They agreed that it was time to talk to an investment counselor, and they need to organize all of their financial information and determine their family's short-and long-term goals for investing before meeting with an advisor. Use the information below to complete their investment objectives and organize their information. \begin{tabular}{|c|c|c|c|} \hline Car (Jamie Lee) & $9,800 & Monthty Expenses: & \\ \hline Car (Ross) & 15,300$ & Mortgage & $1,420 \\ \hline Liabilities: & & Property taxes & $530 \\ \hline Student loan batance & $0 & Honeowners insurance & $330 \\ \hline Gredit card balance & $5,300 & IRA contribution & $430 \\ \hline Car loans & 53,300 & Utilities. & $315 \\ \hline & & Food & $730 \\ \hline & & \begin{tabular}{l} Baby essentials (diapers, clothing, \\ etc.) \end{tabular} & $730 \\ \hline & & Gas/maintenance & 5 340 \\ \hline & & Credit card payment & $530 \\ \hline & & \begin{tabular}{l} Car loan payment \\ Entertainment \end{tabular} & \begin{tabular}{l} $302 \\ $190 \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline Description of Goal & \begin{tabular}{c} How Much \\ Money Do You \\ Need? \end{tabular} & \begin{tabular}{l} How Will You Obtain \\ the Money? \end{tabular} & \begin{tabular}{l} How Much \\ Time is \\ Needed? \end{tabular} & \begin{tabular}{l} Level of Risk They \\ Willcan Assume? \end{tabular} & \begin{tabular}{l} Is this Goal \\ Reasonable? \end{tabular} \\ \hline \multicolumn{6}{|l|}{ Pay oft credit card } \\ \hline \multicolumn{6}{|l|}{ Pay off car ioan } \\ \hline \multicolumn{6}{|l|}{\begin{tabular}{l} Save for coliego tuition for \\ the triplets \end{tabular}} \\ \hline \begin{tabular}{l} Save to purchase a beach \\ house at retiroment \end{tabular} & & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Income/continue monthly payments \\ Income paid into investments \\ Income earned from investments \end{tabular}}} & & \\ \hline & & & & & \\ \hline \end{tabular} The triplets are now three and a half years old, and Jamie Lee and Ross, both 38 , are finally beginning to settle down in to a regular routine now that their children are a little more self-sufficient. The first three years were a blur of diapers, feedings, baths. mounds of laundry, and crying babies! Jamie Lee and Ross finally had a welcomed dinner out on their own as Ross's parents were minding the triplets. They were having a conversation about their future and the future of the triplets. College expenses, which they figured to be $110,000, and their eventual retirement seemed to be a major worry of the both of them. They both have dreamed of owning a beach house when they retire. That could be another $415,000 thirty years from now. They wondered how could they possibly afford all of this? They agreed that it was time to talk to an investment counselor, and they need to organize all of their financial information and determine their family's short-and long-term goals for investing before meeting with an advisor. Use the information below to complete their investment objectives and organize their information. \begin{tabular}{|c|c|c|c|} \hline Car (Jamie Lee) & $9,800 & Monthty Expenses: & \\ \hline Car (Ross) & 15,300$ & Mortgage & $1,420 \\ \hline Liabilities: & & Property taxes & $530 \\ \hline Student loan batance & $0 & Honeowners insurance & $330 \\ \hline Gredit card balance & $5,300 & IRA contribution & $430 \\ \hline Car loans & 53,300 & Utilities. & $315 \\ \hline & & Food & $730 \\ \hline & & \begin{tabular}{l} Baby essentials (diapers, clothing, \\ etc.) \end{tabular} & $730 \\ \hline & & Gas/maintenance & 5 340 \\ \hline & & Credit card payment & $530 \\ \hline & & \begin{tabular}{l} Car loan payment \\ Entertainment \end{tabular} & \begin{tabular}{l} $302 \\ $190 \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline Description of Goal & \begin{tabular}{c} How Much \\ Money Do You \\ Need? \end{tabular} & \begin{tabular}{l} How Will You Obtain \\ the Money? \end{tabular} & \begin{tabular}{l} How Much \\ Time is \\ Needed? \end{tabular} & \begin{tabular}{l} Level of Risk They \\ Willcan Assume? \end{tabular} & \begin{tabular}{l} Is this Goal \\ Reasonable? \end{tabular} \\ \hline \multicolumn{6}{|l|}{ Pay oft credit card } \\ \hline \multicolumn{6}{|l|}{ Pay off car ioan } \\ \hline \multicolumn{6}{|l|}{\begin{tabular}{l} Save for coliego tuition for \\ the triplets \end{tabular}} \\ \hline \begin{tabular}{l} Save to purchase a beach \\ house at retiroment \end{tabular} & & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Income/continue monthly payments \\ Income paid into investments \\ Income earned from investments \end{tabular}}} & & \\ \hline & & & & & \\ \hline \end{tabular}