Multiple Cholce $1$ point

Maury, age $30,$ has come to you for advice regarding college planning for his two year old son Brandon He lon preverway vour

Current annual salary: $$96,700$

Traditional IRA: $$12,563($no contribution$/$tuly invested in a US$.$ government bond fund$)$

Section $401($k$)$: $$23,087(6\%$ contribution$/2\%$ match$)$

Monthly rent payment. $$1,235$

Credit card debt: $$2,205(14,9\%$ foxed$)$

Car: lease, fully paid by employer

Checking account balance: $$1,937$

Long$-$term disability insurance, $60\%$ of salary to age $65,90$ diy elimination period $($growpi$)$

Life insurance: $2$ salary $($eroup$),$ $$500,000,20-$vear term $($individual$)$

After completing a budget with Maury, you have determined that he has $$250$ per month in surplus cash flow. He tally you college plan for Brandon.

Through a risk profile questionnaire, you determine he has a moderate to aggensive risk tolerance.

Based on the information provided, what should Maury do ferst?

Establish a edlepe education plan for Brandon

Purchase additional life insurance

Establish an emergency fund

Pyy off his credit card balance