The Case Of Nina Resendiz

Question # 1
1. While assessing the financial planning situation of Fran and Ed Blake, there major issues that need to be addressed are (1) determining ways to finance college education’s for their children; (2) finding the necessary funds to meet the shortfall of an aging parent’s long-term care; (3) planning and saving for their own retirement; and (4) pros and cons of accessing their retirement account for meeting financial needs.
2. As Patrick is now faced with the unemployment situation, he must (1) monitor his spending, (2) update his resume, (3) apply for unemployment, and (3) actively seek another job.
3. In the case of Nina Resendiz, these are very admirable options that she is considering, however, determining two or three that are
Because the cost at the assisted living center will increase annually, knowing the age of Fran’s mother and the long-term prognosis of her care would be beneficial? What is the amount that is not covered by the Social Security and her pension? Are there assets, such as a house or land, that can be liquidated? If it is not possible to liquidate the assets, is it possible to rent it? Does Fran have siblings that could possibly assist in the payment of the long-term facility balance if
Although Nina Resendiz has acquired a nice monetary gift from her aunt, she has a long list of possibilities she is considering spending it on. Creating a list of short-term goals and long-term goals will benefit her in making this decision. What are the amount of her credit card debt and the interest rate? Research shows that young people may face financial difficulties because of excessive credit usage (SOTIROPOULOUS & D’ASTOUS (2012). In addition, credit card debt can directly affect her credit score, thus affecting future employment, loans, insurance, and home or car purchases or leases (GUZELIAN, STEIN, & AKISKAL (2015). What is the cost of future technology certification courses and will it enhance her marketability in her current position or future positions, thus making the amount spent an investment in her future earnings? Investing the money into a retirement account or saving a portion for a future house are long-term goals that would provide her with the lasting value that she desires. According to our text, good financial planning for someone in their twenties is to focus on paying off college loans, establish amounts to save and invest, practice good spending and credit habits (Kapoor, Dlabay, Hughes,