The assignment consists of two parts

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The assignment consists of two parts. The first part asks you to answer 23 specific questions regarding different fundamental aspects of the Monroe’s financial situation, including Education, Insurance, Investments, Taxes, Retirement and Estates. The second part asks you to assess and discuss whether the Monroe’s Personal and Financial Objectives and to recommend any changes or improvements to their current financial behavior and situation. This is an essay-style question.

The first part is worth 23 points, or 1 point for each question. The questions are included at the back of the case, on pages 11-13. You need to complete the following questions listed there for your submission:

Questions 1, 3, 4, 5, 6, 7, 8, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 22, 23, 24, 25, and 26.

 

The second part is worth 27 points. For the second part of the exam, please complete the following essay style questions:

1. Review the Personal and Financial Objectives (listed on page 3 of the case) that the Monroe’s have prioritized for their personal financial planning needs. Based on your review and analysis of their situation (that is, based on your answers and analyses in Part 1 above), in your opinion, are all of their stated goals achievable? Specifically, which of the 6 objectives listed are likely achievable given the Monroe’s current financial situation and behavior, and which are not?

2. For each of the existing objectives that you consider to be not currently achievable, provide a couple recommendations for each of the objectives that the Monroe’s should consider adopting in order to achieve their all of their stated goals.

 

Note: have all the calculations done in excel showing work for all relevant answers.