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Use the following information to answer questions 4-8: Your clients, Marleen and Bob, would like to retire in 25 years when they turn 67 .
Use the following information to answer questions 4-8: Your clients, Marleen and Bob, would like to retire in 25 years when they turn 67 . They want the plan to go for 37 years in retirement. Marleen currently earns $110,000 and Bob earns $104,000. Marleen saves $14,500 in her 401(k) plan and Bob saves $10,400 to his. Both of their companies match 3% of their salaries. They also save an additional $6,000 towards an HSA. They have current liabilities of $13,000. Their housing costs (PITI) total $1,783 per month. They currently have $20,773 in cash/checking. They have $7,220 in monthly nondiscretionary cash flows and pay $729 per month on car loans. 4) Based on the information above, calculate Marleen and Bob's emergency fund ratio in months. (1.25 pts) a. 1.16 months b. 1.60 months c. 2.88 months d. 3.00 months 5) Based on the information above, calculate Marleen and Bob's housing ratio 1. (1.25 pts) a. 14.09% b. 20.16% c. 9.99% d. 11.87% 6) Based on the information above, calculate Marleen and Bob's savings rate. (1.25 pts) a. 17.44% b. 11.64% c. 14.44% d. 14.64% 7) Based on the information above, calculate Marleen and Bob's housing ratio 2. (1.25 pts) a. 14.09% b. 20.16% c. 9.99% d. 11.87% 8) Based on the information above, calculate Marleen and Bob's current ratio in months. (1.5 pts) a. 1.16 months b. 1.60 months c. 2.88 months d. 3.00 months Use the following information to answer questions 4-8: Your clients, Marleen and Bob, would like to retire in 25 years when they turn 67 . They want the plan to go for 37 years in retirement. Marleen currently earns $110,000 and Bob earns $104,000. Marleen saves $14,500 in her 401(k) plan and Bob saves $10,400 to his. Both of their companies match 3% of their salaries. They also save an additional $6,000 towards an HSA. They have current liabilities of $13,000. Their housing costs (PITI) total $1,783 per month. They currently have $20,773 in cash/checking. They have $7,220 in monthly nondiscretionary cash flows and pay $729 per month on car loans. 4) Based on the information above, calculate Marleen and Bob's emergency fund ratio in months. (1.25 pts) a. 1.16 months b. 1.60 months c. 2.88 months d. 3.00 months 5) Based on the information above, calculate Marleen and Bob's housing ratio 1. (1.25 pts) a. 14.09% b. 20.16% c. 9.99% d. 11.87% 6) Based on the information above, calculate Marleen and Bob's savings rate. (1.25 pts) a. 17.44% b. 11.64% c. 14.44% d. 14.64% 7) Based on the information above, calculate Marleen and Bob's housing ratio 2. (1.25 pts) a. 14.09% b. 20.16% c. 9.99% d. 11.87% 8) Based on the information above, calculate Marleen and Bob's current ratio in months. (1.5 pts) a. 1.16 months b. 1.60 months c. 2.88 months d. 3.00 months
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