Question: Can someone help with Question 1-4 please? here is the full picture with all information on it. Sorry. $100,000 in student loans , 30 yr.
Alicia recently finished her PhD and accepted an Assistant Professor position at Georgia Southern. Her goals are to save for retirement, reduce her student loan debt, and purchase a new vehicle. She has no dependents, unless you count her dog, Baxter. She does not have any immediate medical needs, but does wear glasses and contacts. She has yet to enroll for health insurance or retirement plans. Relevant Client Information: Cash Flow: Monthly Household Income after Taxes, Retirement, and Insurance: $3,000.00 Monthly Rent: $1,000.00 Monthly Utilities, Groceries, and Other Expenses: $750.00 Monthly Debt Payments 2;$500.00 Assets and Liabilities: Cash On Hand: $1,000.00 Retirement Savings: $0.00 Total Debt: $100,000.00 Using the above information provide a brief financial plan for the client. In your 250 word minimum overview, address these following questions: 1. How is Alicia currently doing from a financial perspective? 2. What retirement plan should Alicia opt for and what can/should she contribute? 3. Should Alicia opt for a $125,000 whole life insurance policy if offered? Why or why not? 4. Alicia recently test drove a new Honda CRV. The salesman was able to provide a payment plan of $550 over 84 months if Alicia financed through the dealerahip. 3 Should Alicia purchase this vehicle? Why or why not? Client: Alicia, Age 28 Client Yearly Gross Income: $50.000.00 Household Yearly Gross Income: $50,000.00 Employment Start Date: Angust 2022 Alicia recently finished her PhD and accepted an Assistant Professor position at Georgia Southern. Her goals are to save for retirement, reduce her student loan debt, and purchase a new vehicle. She has no dependents, unless you count her dog, Baxter. She does not have any immediate medical needs, but does wear glases and contacts. She has yet to enroll for health insurance or retirement plans. Relevant Client Information: Cash Flow: Monthly Household fncome after Taxes, Retirement, and Insurance: $3,000.00 Monthly Rent: $1,000.00 Monthly Utilities, Groceries, and Other Expenses: 5750.00 Monthly Debt Payments? $500.00 Assets and Liabilities: Cash On Hand: $1,000.00 Retirement Savings: $0.00 Total Debt: $100,000.00 Using the above information provide a briet financial plan for the client. In your 250 word minimum overview, address these following questions: 1. How is Alicia currently doing from a financial perspective? 2. What retirement plan should Alicia opt for and what can/should she contribute? 3. Should Alicia opt for a $125,000 whole life insurance policy if offered? Why or why not? 4. Alicia recently test drove a new Honda CRV. The salesman was able to provide a payment plan of $550 over 84 months if Alicia financed through the dealership. 3 Should Alicia purchase this vehicle? Why or why not? 2$100,000.00 in student loans, 30 year durntion, 4.39% interest. 3 No downpayment, total of $40.750.00 financed at 3.555
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