Case summary:
Mrs. S and her family have been living in their condo for 5 years. Her income fluctuates with the economy. Mr. M, on the other hand, is continuing to work for the same company and has been participating in its 401(k) matching program. Mr. M has been able to accumulate $35,000, since his company matches his contribution up to 5%. Mr. M and Mrs. S begin planning for their daughter college fund and for their future retirement. They are ready to make some investment decisions.
Character in this case: Mr. M and Mrs. S.
Adequate information:
Monthly gross income $7,000
Living expenses $4,500
Assets $180,000
Liabilities $123,000
To explain:
From where money should be raise to start an investment program.
Introduction: Investment is an opportunity where a person can increase the value of his money or asset.
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Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
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