125211 The Financial Planning Process- Report Summarizing the Results

125211 The Financial Planning Process- Report Summarizing the Results

$20 Bonus + 25% OFF

Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!

Students Who Viewed This Also Studied

125211 The Financial Planning Process

Task

Assignment 2 — 25%

Case Study (Word Limit 2,800). 

Create a personal financial plan for three exemplar couples. Any gender is allowed.

Couple 1: Aged 28 & 32 with 2 children under age 5. Their combined net income is $55,000 p/a, total expenditure is $53,000. They should have net investments worth below $30,000, a mortgage worth at least $350,000 at 3.5%, and a vehicle loan of $5,000 at 9.0%.

Couple 2: Aged 35 & 39 with 2 children aged between 5 & 12. Their combined net income is $65,000 p/a, total expenditure is $56,000. They should have net investments worth below $60,000, and a mortgage worth at least $300,000 at 3.5%.

Couple 3: Aged 48 & 52 with 2 children aged between 15 & 23. Their combined net income is $85,000 p/a, total expenditure is $63,000. They should have net investments worth below $180,000, and a mortgage worth at least $150,000 at 3.5%.

Assume that investments pay 6% net p/a. You may ignore the impact of taxes. Then: For each couple:

1. Create cash budgets, net worth, and cash flow statements. 4 marks

2. Set financial goals for the next 1 year, 5 years, 10 years, and 20 years. 3 marks

3. Create a cash management plan, a budget, a savings strategy, and a debt plan. 5 marks

4. Explain what financial issues each couple has. 3 marks

5. What is their net worth expected to be at age 65? 2 marks

6. What financial risks does each couple face? 2 marks

7. Then examine how changing the monthly budget surplus, up and down, by 2% or 5% affects long term net worth. 3 marks

8. Finally create a report summarizing the results and comparing the current financial situation, and future prospects, for each of the three couples. 3 marks

Show all workings. You will find it useful to use the Planolitix software tool to generate results. You can then export the results from Planolitix. Total: 25 marks

125211 The Financial Planning Process

Answer in Detail


Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

9 More Pages to Come in This Document. Get access to the complete answer.

If you are lost in hectic classroom lectures, not finding enough time to meet your assignment deadlines, MyAssignmenthelp.com is a one-stop solution for all the issues of students in US, UK and Australia. None of your queries are left unanswered by our customer service executives who operate 24×7. We employ handpicked writers, editors and proofreaders to produce 100 percent unique, well-written and error-free write-ups. Avail our custom essay help, online assignment help and dissertation writing services to reach a step ahead towards success. Go through the subject-based tutorials displayed on our website to get a glimpse of our outstanding work. Be sure to receive 100 percent original content that is processed through series of quality check and plagiarism detecting software.

More 125211 125211 The Financial Planning Process: Questions & Answers

Management

What further questions  would one  have regarding  the credit  before arriving at an accept/rejection decision?Discuss  the value of inventory  as collateral? …

View Answer

Management

It’s about the financial accounting procedures between India and srilanka. Common part, differences, pros and cons of the both country accounting standards and sourcesAs this is a research unit, and the objective is that you can carry out a research project in Accounting or Finance. You may choose a …

View Answer

MAC6063 Accounting And Finance For Managers


The report should comprise the followings requirements:
Use the information in Tables III and IV to prepare a contribution margin or cost-volume-profit income statement. Compute the contribution margin ratios for each semester. Then compute an overall simple average of the semesters. What obser …

View Answer

EFN517 Fixed Income and Alternative Investments

Questions:
View on Interest rates:
Read up on the outlook for Australian Interest Rates 1-2 years ahead. Useful sources are the RBA, Treasury and the big retail banks. Your view on future interest rate movements will inform the decision you make in parts of the project. At the start of your proj …

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.

Choose Our Best Expert to Help You





Heath Mead

Mechanical Engineering, M.Eng from Texas A&M University

980 – Completed Orders

Hire Me

Still in Two Minds? The Proof is in Numbers!

33845 Genuine Reviews With a Rating of 4.9/5.

HRM

Assignment: 6 Pages, Deadline:
22 days

I am really happy with the result, even though I had to make adjustments, and I got a good grade for it.

User ID: 5***20 France

Marketing

Home Work: 1 Page, Deadline:
3 days

Thank you so much! taking a time to do Thank you so much! taking a time to do my assignment my assignment

User ID: 6***98 United States

Assignment

Essay: 4.8 Pages, Deadline:
10 days

A very well presented assignment, all the ideas were very well explained, easy to understand. Definitely will recommend .

User ID: 8***07 Denmark

Business Law

Home Work: 0.9 Pages, Deadline:
1 day

Thank you, very much ????????????! I’m looking forward to working with you guys again.

User ID: 8***94 Canada

Medical

Essay: 1.6 Pages, Deadline:
3 days

This assignment was good I got a really good grade on this assignment so who complete this one great job.

User ID: 8***56 United States

Pharmacy

Assignment: 1 Page, Deadline:
3 days

This assignment was okay but I felt that it could have gotten a better grade but assignment was good.

User ID: 8***56 United States

Marketing

Home Work: 1 Page, Deadline:
11 days

Very reliable work. I liked the quality of assignment. They delivered two days before the day of commitment.

User ID: 8***50 Australia

Management

Assignment: 6 Pages, Deadline:
5 days

Good work and very fast turn around. Happy with the quality of assignment. Definitely would recommend.

User ID: 8***50 Australia

Assignment

Essay: 2 Pages, Deadline:
3 days

Very quick done and professional job. Helped me to gain good marks. Easy to read as answers given very clear.

User ID: 5***21 Blanchardstown, Ireland

Statistics

Home Work: 3 Pages, Deadline:
11 hours

Thank you very much… YOU ARE A GREAT WRITER ! You provide this answer and saved my life !

User ID: 8***32 Blanchardstown, Sri Lanka

Civil Law

Home Work: 3.6 Pages, Deadline:
4 hours

Thanks for the time response and helped me in successfully submitting the assignment. Thanks for this time

User ID: 8***31 United Kingdom, Great Britain

Economics

Home Work: 1.2 Pages, Deadline:
2 hours

Thanks for helping at short notice. Great quality, in the short time provided. All the best

User ID: 8***61 United Kingdom, Great Britain

Management

Assignment: 5 Pages, Deadline:
5 days

This report addresses the assignment brief very well, with much detail on Unilever online presence. The recommendation are good, and more detail/ less …

User ID: 8***01 England, Great Britain

Maths

Home Work: 1 Page, Deadline:
54 minutes

Super quick response time, great detail and construction of the solution. Many thanks for your help in this assignment. All the best

User ID: 8***61 United Kingdom, Great Britain

Maths

Home Work: 1 Page, Deadline:
1 hour

The new answer seems correct and is well explained in detail. Thank you for reviewing the work and for your help on this assignment. All the best.

User ID: 8***61 United Kingdom, Great Britain

Maths

Home Work: 1 Page, Deadline:
1 hour

Very good solution, well explained in detail. Thank you very much for your help on this assignment. All the best.

User ID: 8***61 United Kingdom, Great Britain

Finance

Essay: 4 Pages, Deadline:
7 days

Awesome work! I am fully satisfied with the quality of the content. The writers worked hard to deliver such a deep and wide content. Keep it up.

User ID: 8***46 Batu Caves, Malaysia

Nursing

Assignment: 1 Page, Deadline:
4 days

This powerpoint was neat and concise. The expert definitely followed through with what was asked.

User ID: 6***42 Batu Caves, United States

Nursing

Assignment: 12 Pages, Deadline:
5 days

well written assignment. good references and all done in a timely manner. pricing was good and support available when needed

User ID: 6***93 United Kingdom, Great Britain

Maths

Course Work: 0.4 Pages, Deadline:
2 hours

Great, very clear, thank you very much For your help on this assignment. All the best

User ID: 8***61 United Kingdom, Great Britain

HRM

Assignment: 6 Pages, Deadline:
22 days

I am really happy with the result, even though I had to make adjustments, and I got a good grade for it.

User ID: 5***20 France

Marketing

Home Work: 1 Page, Deadline:
3 days

Thank you so much! taking a time to do Thank you so much! taking a time to do my assignment my assignment

User ID: 6***98 United States

Assignment

Essay: 4.8 Pages, Deadline:
10 days

A very well presented assignment, all the ideas were very well explained, easy to understand. Definitely will recommend .

User ID: 8***07 Denmark

Business Law

Home Work: 0.9 Pages, Deadline:
1 day

Thank you, very much ????????????! I’m looking forward to working with you guys again.

User ID: 8***94 Canada

Medical

Essay: 1.6 Pages, Deadline:
3 days

This assignment was good I got a really good grade on this assignment so who complete this one great job.

User ID: 8***56 United States

Pharmacy

Assignment: 1 Page, Deadline:
3 days

This assignment was okay but I felt that it could have gotten a better grade but assignment was good.

User ID: 8***56 United States

Marketing

Home Work: 1 Page, Deadline:
11 days

Very reliable work. I liked the quality of assignment. They delivered two days before the day of commitment.

User ID: 8***50 Australia

Management

Assignment: 6 Pages, Deadline:
5 days

Good work and very fast turn around. Happy with the quality of assignment. Definitely would recommend.

User ID: 8***50 Australia

Assignment

Essay: 2 Pages, Deadline:
3 days

Very quick done and professional job. Helped me to gain good marks. Easy to read as answers given very clear.

User ID: 5***21 Blanchardstown, Ireland

Statistics

Home Work: 3 Pages, Deadline:
11 hours

Thank you very much… YOU ARE A GREAT WRITER ! You provide this answer and saved my life !

User ID: 8***32 Blanchardstown, Sri Lanka

Civil Law

Home Work: 3.6 Pages, Deadline:
4 hours

Thanks for the time response and helped me in successfully submitting the assignment. Thanks for this time

User ID: 8***31 United Kingdom, Great Britain

Economics

Home Work: 1.2 Pages, Deadline:
2 hours

Thanks for helping at short notice. Great quality, in the short time provided. All the best

User ID: 8***61 United Kingdom, Great Britain

Management

Assignment: 5 Pages, Deadline:
5 days

This report addresses the assignment brief very well, with much detail on Unilever online presence. The recommendation are good, and more detail/ less …

User ID: 8***01 England, Great Britain

Maths

Home Work: 1 Page, Deadline:
54 minutes

Super quick response time, great detail and construction of the solution. Many thanks for your help in this assignment. All the best

User ID: 8***61 United Kingdom, Great Britain

Maths

Home Work: 1 Page, Deadline:
1 hour

The new answer seems correct and is well explained in detail. Thank you for reviewing the work and for your help on this assignment. All the best.

User ID: 8***61 United Kingdom, Great Britain

Maths

Home Work: 1 Page, Deadline:
1 hour

Very good solution, well explained in detail. Thank you very much for your help on this assignment. All the best.

User ID: 8***61 United Kingdom, Great Britain

Finance

Essay: 4 Pages, Deadline:
7 days

Awesome work! I am fully satisfied with the quality of the content. The writers worked hard to deliver such a deep and wide content. Keep it up.

User ID: 8***46 Batu Caves, Malaysia

Nursing

Assignment: 1 Page, Deadline:
4 days

This powerpoint was neat and concise. The expert definitely followed through with what was asked.

User ID: 6***42 Batu Caves, United States

Nursing

Assignment: 12 Pages, Deadline:
5 days

well written assignment. good references and all done in a timely manner. pricing was good and support available when needed

User ID: 6***93 United Kingdom, Great Britain

Maths

Course Work: 0.4 Pages, Deadline:
2 hours

Great, very clear, thank you very much For your help on this assignment. All the best

User ID: 8***61 United Kingdom, Great Britain

Have any Query?

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER