Sample Financial Plan Description

Dear Paul and Susan, We have created a financial project to help you retire at the age of 62 and move over to send your son, Sam, to college. After looking at the information you gave us regarding your income and expenses, we came up with the best solution for your financial future. Weve picked out remunerative mutual funds for your sons college, as advantageously as retirement investments. We also have found different methods of saving money for your retirement and future education for your son. We turn over that there result be a great gather to having a financially stable future. We understand with Sam be a four-year university, the cost volition be great on with the need for saving money for this to work financially. Grand vale suppose University will provide an excellent education for your son, along with benefiting him for his future. Overall, it will cost $189,750 to attend Grand Valley State University for four years. We do, however, understand that the cost to attend the university may foreboding you at first, but there atomic number 18 methods of assistance that atomic number 18 available, such as investments and savings plans. Investing in particular funds, with good performance history, will have a extensive advantage in acquiring the money for your son to go to college.

We strongly advise investing a portion of your discretionary income into mutual funds. Your discretionary income would be the amount of your income that is left over, afterwards taxes and expenses have been paid. Investing in mutual funds, rather than other investment options, will eliminate the stress and difficultly of trying to sentence the market. We invested 46% of your discretionary income into four different types of mutual funds, which will provide diversification for your investments. Using a MET and/or a MESP savings plan will create many advantages that will benefit you in sending your son to college. Both, the MET and MESP savings plan, are 529 plans. These are tax-advantaged savings plans specifically designed to... If you want to do a full essay, order it on our website: Ordercustompaper.com

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