document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1196028>Question 1196028</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Accounting<BR>\n" );
document.write( "Find the important issues/concerns that you see, define what those are, why you feel they are the most important, analyze those problems, and make specific recommendations to solve those problems.\r<BR>\n" );
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document.write( "Situation:<BR>\n" );
document.write( "Married couple with one child and one on the way. Bob age 31, Sally age 30, son age 3, son due in November<BR>\n" );
document.write( "Combined income 83k per year gross<BR>\n" );
document.write( "•Bob- 401k with 18K, company match dollar for dollar up to 4%, currently contributing 8%<BR>\n" );
document.write( "•Sally- 403B with 13K, company match .50 per dollar up to 6%, currently contributing 4%<BR>\n" );
document.write( "•Bob started Roth IRA 5 years ago, 8k balance with no current contributions<BR>\n" );
document.write( "•Purchased home 2 years ago, value 245k, owe 192k, payment $982 for principle and interest, total payment $1340 with tax and insurance, current interest rate 4.0%<BR>\n" );
document.write( "•Bob has 1x salary life insurance via work (55K) and Sally has 75k 10 year term she bought before marriage (4 years to expiration)<BR>\n" );
document.write( "•Bob has disability through work for 60% of salary, Sally has none<BR>\n" );
document.write( "•Together, excluding home, they have 36k in debt (25k student debt at 5%, 6k on auto loan at 6.5%, and 5k in credit card debt at 12%)<BR>\n" );
document.write( "•After normal bills (mortgage, payments, food, utilities, and necessities) they have a monthly cash flow of positive $900 per month and have cash reserves of $2,200 that is in a joint savings account earning .25% interest<BR>\n" );
document.write( "•Payments on auto loan- $250, student loan- $250, and credit card- $50. All are minimum payments.<BR>\n" );
document.write( "•Neither have completed any estate planning<BR>\n" );
document.write( "•For the sake of making it somewhat easy- this is the list of funds within both 401k and 403B<BR>\n" );
document.write( "Target Retirement 2025 VTTVX<BR>\n" );
document.write( "Target Retirement 2030 VTHRX<BR>\n" );
document.write( "Target Retirement 2035 VTTHX<BR>\n" );
document.write( "Target Retirement 2040 VFORX<BR>\n" );
document.write( "Target Retirement 2045 VTIVX<BR>\n" );
document.write( "Target Retirement 2050 VFIFX<BR>\n" );
document.write( "Target Retirement 2055 VFFVX<BR>\n" );
document.write( "Target Retirement 2060 VTTSX<BR>\n" );
document.write( "Target Retirement Income VTINX<BR>\n" );
document.write( "Columbia Contrarian LCCAX<BR>\n" );
document.write( "Columbia Global Equity IEVAX<BR>\n" );
document.write( "Vanguard S&P index ETF VOO<BR>\n" );
document.write( "Pimco Total Return PTTRX<BR>\n" );
document.write( "Leader Capital Total Return LCTIX<BR>\n" );
document.write( "T Rowe Midcap Growth RPMGX<BR>\n" );
document.write( "T Rowe Global Multi Sector RPGMX<BR>\n" );
document.write( "Wells Fargo Smallcap Value SCOVX<BR>\n" );
document.write( "Wells Fargo International WIEVX<BR>\n" );
document.write( "•Roth IRA is in a brokerage account with access to any stocks, mutual funds, and ETFs.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #828694 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52781)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=828694\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "The subject and the goal of this forum is to help school/college students in solving their problems and learning school Math.\r<BR>\n" );
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document.write( "It is not our goal or our intention to make a financial analysis for you or instead of you.\r<BR>\n" );
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document.write( "So, please make necessary corrections in your mind, when you post to this forum.\r<BR>\n" );
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document.write( "Have a nice day.\r<BR>\n" );
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