The triplets are now three and a half years old, and Jamie Lee and Ross, both 38, ore finally beginning to settle down into 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 $150.000, 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 $435,000 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 Current Financial Situation Assets Income: Checking account $6,200 Gross income (Jamie Lee) $62,000 Savings account $21700 Net Income after taxes Jamie Lee) $43.400 Emergency fund savings account $22.700 Gross income (Ross) $97,000 IRA balance $33,700 Net Income after taxes Ross) $77,600 Car (Jamie Lee $10.200 Monthly Expenses: Car Ross $15700 Mortgage $1.480 Liabilities: Property taxes $570 Student loan balance $0 Homeowners Insurance $370 Credit card balance $5,700 IRA contribution $470 Car loans $3,700 Utilities $385 Food 5770 Baby estentials (diapers, clothing, etc) $770 Gas/maintenance $350 Credit card payment $570 Car loan payment $306 Entertainment $210 How Much How Much How Will You Obtain Level of Risk They Is this Goal Description of Goal Money Do You Time Is the Money? Reasonable? Will Can Assume? Need? Needed? Pay of credit card Pay off car loan Save for college tuition for the triplets Save to purchase a beach house at retirement The triplets are now three and a half years old, and Jamie Lee and Ross, both 38, ore finally beginning to settle down into 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 $150.000, 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 $435,000 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 Current Financial Situation Assets Income: Checking account $6,200 Gross income (Jamie Lee) $62,000 Savings account $21700 Net Income after taxes Jamie Lee) $43.400 Emergency fund savings account $22.700 Gross income (Ross) $97,000 IRA balance $33,700 Net Income after taxes Ross) $77,600 Car (Jamie Lee $10.200 Monthly Expenses: Car Ross $15700 Mortgage $1.480 Liabilities: Property taxes $570 Student loan balance $0 Homeowners Insurance $370 Credit card balance $5,700 IRA contribution $470 Car loans $3,700 Utilities $385 Food 5770 Baby estentials (diapers, clothing, etc) $770 Gas/maintenance $350 Credit card payment $570 Car loan payment $306 Entertainment $210 How Much How Much How Will You Obtain Level of Risk They Is this Goal Description of Goal Money Do You Time Is the Money? Reasonable? Will Can Assume? Need? Needed? Pay of credit card Pay off car loan Save for college tuition for the triplets Save to purchase a beach house at retirement
