Financial Plan for Yeimi Chavez

November 12, 2018

Age 19

Net Income: $8,690/year (reference exhibit A Income Statement on Page 2)

Net Worth: $6,550 (reference exhibit B Balance Sheet on Page 3)

Monthly Saving: $724.17/month (reference exhibit A Income Statement on Page 2)

Investor Profile: Balanced (reference exhibit C Investor Profile Questionnaire on Page 4)

Credit Score: N/A

Tax Bracket: 10%

Emergency Saving: $5,000 GS Online Saving Bank (reference exhibit D Saving Comparison on Page 5)

Life Insurance: $500,000 20 yr. Term Policy Protective Insurance (reference exhibit E Life Insurance on
Page 6)

Saving Goals:
#1 Emergency Saving:
Goal Amount: $5,000
Start Date: February 2019
End Date: July 2020
Time: 18 months
Monthly Investment: $278
Investment: Marcus Online Saving
Anticipated Annual Return: 2.0%

#2 Buy a Car (down payment):

Goal Amount: $2,500
Savings Start Date: January 2020
Targeted End Date: January 2022
Time: 2 yrs.
Monthly Investment: $104
Investment: Marcus Online Saving
Anticipated Annual Return: 2%

#3 Graduate College Debt Free:

Goal Amount: $4,000
Savings Start Date: December 2018
Targeted End Date: May 2020
Time: 18 months
Monthly Investment: $223
Investment: Marcus Online Saving
Anticipated Annual Return: 2%
 2

Exhibit A

Income Statement
Yeimi Chavez/Student
September 10, 2018

Income Monthly Annual

Employment 1 1,000.00 12,000.00
Employment 2 - -
Child support - -
Rental Property - -
Investments - -
Scholarships 100.00 1,200.00
Family 150.00 1,800.00
Total Income 1,250.00 15,000.00

Expense
Rent/Mortgage - -
Car loan - -
Car Insurance - -
Gas 20.00 240.00
Car Maintenance - -
Utilities - -
Cable/Internet 30.00 360.00
Phone - -
Food 50.00 600.00
Clothing 12.50 150.00
Medical 20.00 240.00
Health Insurance - -
Subscription 10.00 120.00
Tuition 333.33 4,000.00
Entertainment 20.00 240.00
Child support/alimony - -
Misc. 30.00 360.00
Total Expense 525.83 6,310.00

Net Income 724.17 8,690.00

 3

Exhibit B

Balance Sheet
Yeimi Chavez/Student
September 10, 2018

Assets
Home -
Car 1 -
Car 2 -
Clothes 250.00
Savings 5,000.00
Checking 500.00
Investments -
Furniture -
Electronics 500.00
Boat/RV -
Jewelry 300.00
Tools -
Total Assets 6,550.00

Liabilities
Mortgage -
Car Loan 1 -
Car Loan 2 -
Credit Cards -
Payday Loans -
Consumer loans -
Student Loans -
Total Liabilities -

Net Worth 6,550.00

Debt Ratio 0%
 4

Exhibit C
Investor Profile Questionnaire
For each of the following groups of statements, select the statement that most closely reflects your
financial situation and investment philosophy.

A. 1. One can’t be too careful.

2. When in doubt, err on the side of caution.
3. Nothing ventured, nothing gained.
B. 1. Put safety first, stick with risk free investments.
2. Don’t put all your eggs in a few baskets, diversification is important.
3. Put most of your money in your best investment ideas.
C. 1. Receiving dependable income is more important than growth.
2. Income and growth are equally important.
3. Growth is more important than current income.
D. 1. I prefer conservative investments.
2. I like to have a mix of conservative and growth oriented investments.
3. I want growth and am willing to risk significant capital to achieve it.
E. A respected friend suggests the time is right to invest aggressively, you
1. Refuse to take more risk.
2. Invest a portion of your savings.
3. Invest all your savings.

F. You win a contest and can choose among three prizes, which do you select?
1. Receive $5000 today.
2. Receive $2000/year for 5 years.
3. Receive $25,000 10 years from now.

G. An emergency requires $10,000 unexpectedly, you

1. Have to liquidate all your investments.
2. Have to liquidate 25% of your investments.
3. Could handle it without liquidating any of your investments.

H. The stock market is dropping in value, you would sell your investments after

1. A 10% drop in value.

2. A 20% drop in value.
3. I would not sell in a down market.
Investor Profile Questionnaire Score Card (Total Score = 16)
8 – 10 Very Conservative
11 – 14 Conservative
15 – 17 Balanced
18 – 21 Aggressive
22 – 24 Very Aggressive
 5

Exhibit D
Saving Comparison
Online Savings

Bank Interest Minimum Fees

Marcus 1.85% $1 None
Ally 1.85% $0 None
CIT 1.55 $100 None
Evergreen .5% $100 None

Online CDs

Bank 1 2 3 4 5
Marcus 2.55 2.6 2.62 2.7 3.1
CIT 2.2 1.4 1.3 1.5 1.7
Ally 2.25 2.5 2.25 2.5 2.75
Evergreen .8 .95 1.20 1.25 1.3

Local Bank & C.U. Savings

Bank Interest Minimum Fees

Wells Fargo .01% $25 $5 < $300 balance
Jordan Credit .10% $5 None
America First .10% $1 None
Mountain America .10% $5 None

Local Bank & C.U. CDs

Bank 1 2 3 4 5
Wells Fargo 1.49 2.13 2.47 2.57 N/A
Jordan Credit 1.3 1.69 1.89 2.2 2.58
America First 2.25 2.50 2.75 3 3.25
Mountain America 2.23 2.62 2.81 2.96 3.20
 6

Exhibit E
Life Insurance
Insurer 10 20 30 Universal Rating

$36.31/mo. $142.90/mo.
Prudential N/A N/A A+
$415.00/yr. $1,658.90/yr.

$15.60/mo. $22.97/mo. $32.92/mo. $207.80/mo.

Protective A+
$182.43/yr. $268.60/yr. $385.00/yr. $2,446.77/yr.

$16.65/mo. $22.40/mo. $34.73/mo. $180.41/mo.

AIG A
$191.50/yr. $259.00/yr. $401.50/yr. $2,101.40/yr.

Mutual of $17.28/mo. $23.19/mo. $38.94/mo. $166.28/mo.

A+
Omaha $197.50/yr. $265.00/yr. $445.00/yr. $1,932.60/yr.

$18.71/mo. $24.51/mo. $32.90/mo.

Transamerica N/A A+
$217.50/yr. $285.00/yr. $382.50/yr.