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6 February, 17:46

Jim and Jackie are married with three children at home and a mortgage. Jim's net pay per year is $67,000 and Jackie does not have income. Their mortgage payment of $2,800 includes insurance on their home. They have additional monthly expenses of $2,700.

Jim contributes 15% of his earnings to a retirement fund and they have $5,000 in savings. There is a $500,000 life insurance policy on Jim and a $100,000 policy on Jackie.

As their financial advisor, what part of Jim and Jackie's financial plan would you encourage them to work on?

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Answers (2)
  1. 6 February, 19:24
    0
    J should get a job because 5000 dollars in savings is not enough
  2. 6 February, 20:20
    0
    The savings and life insurance on Jackie
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