You have learned the basics of investment and retirement planning.

Your investing project includes everything you have learned the whole semester.  Below you have a scenario.  You are to evaluate your finances.  You are to make an investment plan for this family.

What type of risks are they willing to take?  

What are their investment options?  

What do they need most?  

What will their future hold?  

What will they do in retirement? 

Where will their income come from?  

What do they do with their assets?  

Do they have options other than stocks?  

What suggestions do you make for them?

Each question above should be fully answered, with a minimum of 25-50 words per answer. You must use correct spelling, grammar, punctuation, and capitalization, along with proper formatting, including title page, page numbers, citations, and references.

The Washington Family

Joe Washington - 37 -  mechanic - annual salary $50,000

Mary Washington - 36 - teacher - annual salary $40,000

Susie - 10

Little Joe - 7

They own their house for $150,000 with a mortgage of $105,000.  Payment with taxes and insurance is $1250

 

Assets

1999 Honda Accord  Value $5,000 no loan

2015 Honda Odyssey Value $20,000 loan $5,000  12months left at $600

2 acres in the country and a mobile home - $20,000

 

IRA - Joe $50,000

Susie - no IRA but state retirement when she hits 65 for $2,000 a month

 

Checking account at ABC bank $2000

Money Market Savings $10,000

 

529 college fund Susie $8,000

529 college fund Little Joe $3,000