please answer VI and VII and type your answer

Peal Cheung and his Mary aged 40 and 36 respectively are couple with two children aged 3 and 1. Paul is a secondary school teacher while Mary is a social worker Their combined after tax annual income is around $1,100,000. Current living expenses of the family are $580.000 per year. Both income and experties are expected to increase in line with inflation The Chung's family intend to work for another 20 years, which point thuy hope to have enough funds to provide for the tuition fees of the children and for their own retirement. They estimate that tuition fees will be $800,000 for each child and that they will require funds of $13 million to provide for their retirement, both stated in mal terms. They own a residence valued at $10 million, with a mortgage of $5.000.000 against the property Mortgage payments are fixed at $26,000 per month. a figure that has been included in annual living expenses given above. They are making improvements to the property over the next five years. which they estimate will cost $1.500.000. They have an investment portfolio with a current market value of $2,000,000 Ignore tax ruta on all income and imment returns. The inflation rute is expected to be 3% per year. 1 You are required to: Create a financial plan for Parall and Mary according to the above mentioned goals and objectives. The financial plan should include your comments and recommendation for: 1 may face v. Short. Intermediate and Long-Term Goals Belum requirement Ristelerince, including a decussion of the types of risk they IN Liquidity consideration Time horizon VI The Investment vehicles in the portfolio Vi The possible change of portfolio over time (Note: It is up to you to decide which investment vehicles you think most appropriate. It may be stocks, bons. real estate and mutual funds! Les your plan you should describe what specification you Peal Cheung and his Mary aged 40 and 36 respectively are couple with two children aged 3 and 1. Paul is a secondary school teacher while Mary is a social worker Their combined after tax annual income is around $1,100,000. Current living expenses of the family are $580.000 per year. Both income and experties are expected to increase in line with inflation The Chung's family intend to work for another 20 years, which point thuy hope to have enough funds to provide for the tuition fees of the children and for their own retirement. They estimate that tuition fees will be $800,000 for each child and that they will require funds of $13 million to provide for their retirement, both stated in mal terms. They own a residence valued at $10 million, with a mortgage of $5.000.000 against the property Mortgage payments are fixed at $26,000 per month. a figure that has been included in annual living expenses given above. They are making improvements to the property over the next five years. which they estimate will cost $1.500.000. They have an investment portfolio with a current market value of $2,000,000 Ignore tax ruta on all income and imment returns. The inflation rute is expected to be 3% per year. 1 You are required to: Create a financial plan for Parall and Mary according to the above mentioned goals and objectives. The financial plan should include your comments and recommendation for: 1 may face v. Short. Intermediate and Long-Term Goals Belum requirement Ristelerince, including a decussion of the types of risk they IN Liquidity consideration Time horizon VI The Investment vehicles in the portfolio Vi The possible change of portfolio over time (Note: It is up to you to decide which investment vehicles you think most appropriate. It may be stocks, bons. real estate and mutual funds! Les your plan you should describe what specification you