Case Study: Continuing Case
Continuing Case
CH 1
1. She graduated from college two month ago. She is living with her parents to save money and begin to pay off her student loan. She is working at a local company. She currently has a $15,000 student loan and $2,000 of credit card debt. In my opinion, her short term goal is purchase used car, pay off credit card debt, and establish saving plan. Her long term goal is pay off $15,000 of student loan and invest for retirement savings. She planning to move out within one year, but her parents planning to live with Vikki.
2. Present value single amount will be helpful for Vikki
3. Determine current financial situation should be most challenge part of financial planning process because just graduated college and …show more content…
They have to check and find out government health care program. Some customers are eligible for health insurance coverage under program offered by federal and state government.
4. It is designed to protect against loss of income provides regular cash income list by employees as the result of an accident or illness.
CH 10
1. Gross salary (Vikki and Tim) $ 104,000 $ 104,000 * 7 = $ 728,000 * 0.70 = $ 509,600 non working spouse method 18 years * $ 10,000 = $ 180,000
They need $ 689,600 life insurance
2. they need considers employer provide insurance, social security benefits, income and assets
3. Non participating policies and participating policies. A participating policy has a somewhat higher premium than a non participating policy, but a part of the premium is refunded to the policyholder annually.
CH 11
1. They want to saving $ 10,000 per year of college each of their children. They need to check their financial condition by annually. They focuses short term savings and long term for investing.
2. They should performing a financial check up. Paying bill on time, work to balance dufget, manage credit card debt, and emergency fund
CH …show more content…
Buy and hold technique, dollar cost averaging, and direct investment and dividend retirement plans.
4. There are many website provide trading stock by online. It is very easy to create account and easy to buy and sell.
5. They set up the long term investment. So I recommend them to invest high dividend stock at this time. They should use stock advice service, the newspaper, and the corporations tha issue stocks.
CH 13
1. Mutual fund have made mutual funds the investment of choice for many investors. They can open an account and began investing. Mutual funds are a convenient way to invest.
2. Before investing in mutual funds, they should compare the cost of the type of investment with the cost of other investment alternative such as stocks or bonds. A load funds compared to no load funds. They also think about management fee and other charges.
3. the important thing is choosing the right mutual fund. there are a lot of information is available to help evaluate a specific mutual fund.
CH 14
1. First, conducting a financial analysis. Next step, they should estimate how much need to live comfortable during their retirement
CH 1
1. She graduated from college two month ago. She is living with her parents to save money and begin to pay off her student loan. She is working at a local company. She currently has a $15,000 student loan and $2,000 of credit card debt. In my opinion, her short term goal is purchase used car, pay off credit card debt, and establish saving plan. Her long term goal is pay off $15,000 of student loan and invest for retirement savings. She planning to move out within one year, but her parents planning to live with Vikki.
2. Present value single amount will be helpful for Vikki
3. Determine current financial situation should be most challenge part of financial planning process because just graduated college and …show more content…
They have to check and find out government health care program. Some customers are eligible for health insurance coverage under program offered by federal and state government.
4. It is designed to protect against loss of income provides regular cash income list by employees as the result of an accident or illness.
CH 10
1. Gross salary (Vikki and Tim) $ 104,000 $ 104,000 * 7 = $ 728,000 * 0.70 = $ 509,600 non working spouse method 18 years * $ 10,000 = $ 180,000
They need $ 689,600 life insurance
2. they need considers employer provide insurance, social security benefits, income and assets
3. Non participating policies and participating policies. A participating policy has a somewhat higher premium than a non participating policy, but a part of the premium is refunded to the policyholder annually.
CH 11
1. They want to saving $ 10,000 per year of college each of their children. They need to check their financial condition by annually. They focuses short term savings and long term for investing.
2. They should performing a financial check up. Paying bill on time, work to balance dufget, manage credit card debt, and emergency fund
CH …show more content…
Buy and hold technique, dollar cost averaging, and direct investment and dividend retirement plans.
4. There are many website provide trading stock by online. It is very easy to create account and easy to buy and sell.
5. They set up the long term investment. So I recommend them to invest high dividend stock at this time. They should use stock advice service, the newspaper, and the corporations tha issue stocks.
CH 13
1. Mutual fund have made mutual funds the investment of choice for many investors. They can open an account and began investing. Mutual funds are a convenient way to invest.
2. Before investing in mutual funds, they should compare the cost of the type of investment with the cost of other investment alternative such as stocks or bonds. A load funds compared to no load funds. They also think about management fee and other charges.
3. the important thing is choosing the right mutual fund. there are a lot of information is available to help evaluate a specific mutual fund.
CH 14
1. First, conducting a financial analysis. Next step, they should estimate how much need to live comfortable during their retirement