Financial Planning in Action- write about the 24 year old woman, college graduate, engineer, $20,000 savings.
Assume the following 4 scenarios (You may make other assumptions):
• Husband/wife, two kids, 1 income, mortgage, good salary, some savings, no college fund
• Divorced, 55 years old, $1.2 million, 2 kids in college, no debt
• 24-year-old single woman, college graduate, engineer, $20,000 savings
• 74-year-old widower, excellent pension, $500,000 savings, long-term care insurance, three children
Write a 1,050- to 1,400-word paper in which you do the following:
• Describe the risk tolerance and recommended asset allocation to match that risk for each of the life situations selected.
• Choose some appropriate investments.
• Describe what type of account would be best to hold the investment. Consider and recommend any insurance that is appropriate and any estate planning tools.
Format your paper consistent with APA guidelines.