Problem
Joan is married to Joe. At the time of their wedding, they bought a condo. Her pet salon is successful but its income fluctuates with the economy. He works at a firm and participates in its retirement plan - a 401(k) with an 8% match. He has $25,000 in his retirement account. She is expecting a child in 3 months and will continue running her business. They approach you for specific advice on what to do
1) What specific investment steps should they take to prepare for the future? Show these steps as a set of priorities with orders of importance
2) How should the two save for the child's college? Be specific
3) Using vanguard.com, suggest funds where they should invest: Vanguard Mutual Funds.