Use this Registration code (which is unique to your institution): 634992 (same code for faculty andīecause our university licenses are free, students are not allowed to contact our Support Team directly via.Read and agree to the license agreement.You, and then each student, should go to to create a free account. Your registration code is: 634992This registration code will be valid for the school year of 2019-2020. Watch a 5-minute video and see how it works at Envestnet | MoneyGuide - Financial Planning Software In your opinion, how often should the financial plan of Harold and James be monitored?ĭesigned for advisors with the client in mind, MoneyGuidePro® provides sophisticated solutions and smartĪssumptions to help advisors navigate the complex financial elements of their clients' lives. How would you implement the recommendations? (prioritization, time, money) How would you reallocate Harold investments? (currently they are 90% equity) Would you suggest they lower their risk tolerance? Summarize the MoneyGuide Pro recommendation Using the information attached about James and Harold create a financial plan using MoneyGuide Pro (see James is currently paying a 16.99% annual interest rate on his credit card debt. The primary residence mortgage is a 5/1 ARM 30-year loan and was has taken out exactly 2 years ago. James’ sister is the beneficiary of his 401(k) James is the beneficiary of Harold’s SAR SEP IRA. Neither James nor Harold has any life or disability insurance. James and Harold live a fairly extravagant lifestyle of dining out and vacations, funded primarily from Harold’s In contrast, Harold contributes $10,000 / year to his Maximum matching contribution offered by his employer. Harold states that he is fairlyĪggressive, and his investment account is almost entirely (90%) equity investments. Harold runs a successful consulting practice out of his home. To his parents Harold has a power-of-attorney and health care power-of-attorney that names his father asĪttorney-in-fact. The trust reverts to Harold’s brother at his death if he has no children. Most years, Harold has not taken withdrawals from this account. Health, education, maintenance, or support. Harold has inherited money in a generation-skipping trust from his mother the trust allows for distributions for James and Harold are a same-sexĬouple and that have been together for seven years they both live in the house that Harold owns. In your opinion, how often should the financial plan of Harold and James be monitored?Īttached please find the case study of James Wilson and Harold Newton. How would you reallocate Harold investmentsĦ. Using the information attached about James and Harold create a financial plan using MoneyGuide Proīased on your MondeyGuide Pro financial plan for James and Harold:Ģ. Provide for each other in the event of death. Paying a 16.99% annual interest rate on his credit card debt.Ģ. Is the beneficiary of Harold’s SAR SEP IRA Harold has any life or disability insurance. However, James still provides the primary support for his basic living needs. Out and vacations, funded primarily from Harold’s James and Harold live a fairly extravagant lifestyle of dining James contributes $3,000/year to his 401(k), just enough to obtain the Harold runs a successful consulting practice out of hisĪnd his investment account is almost entirely (90%) equity investments. S brother at his death if he has no children. Years, Harold has not taken withdrawals f Health, education, maintenance, or support Harold has inherited money in a generation. Have been together for seven years they both live in the house that Harold owns. Financial Plan Exercise using Financial Planning SoftwareĪttached please find the case study of James Wilson and Harold Newton.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |