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Life Situation	Financial Data
Pam, 43 Josh, 45 3 Children, ages 16, 14 and 11	Monthly income	$4,900
	Living expenses	$4,450
	Assets	$262,700
	Liabilities	$84,600
	Emergency Fund	$5,000

With three dependent children, the Brocks are assessing their life insurance. Pam has $5,000 of coverage. Josh has life insurance coverage equal to approximately eight times his annual salary.

With approximately 20 years to retirement, Pam and Josh Brock want to establish a more aggressive investment program to accumulate funds for their long-term financial needs. Josh does have a retirement program at work. This money, about $110,000, is invested in various conservative mutual funds.

In addition, the Brocks established their own investment program about four years ago, and today they have about $36,000 invested in conservative stocks and mutual funds. In addition to their investment program, the Brocks have accumulated $11,000 to help pay for the childrens college educations. Also, they have $5,000 tucked away in a savings account that serves as the familys emergency fund. Finally, both will qualify for Social Security when they reach retirement age.

Questions

1. Q2. What would you view as the strengths and weaknesses of the Brocks' financial situation at this stage in their lives?