Question

jim and jackie are married with three children at home and a mortgage. jims net pay per year is $67,000 and jackie does not have income. their mortgage payment of $2,800 includes insurance on their home. they have additional monthly expenses of $2,700. jim contributes 15% of his earnings to a retirement fund and they have $5,000 in savings. there is a $500,000 life insurance policy on jim and a $100,000 policy on jackie. as their financial advisor, what part of jim and jackies financial plan would you encourage them to work on? a. they should work on their plan for managing income. b. they should work on their plan for managing their liquidity. c. they should work on their plan for protecting their assets. d. they should work on their plan for protecting their income.

Explanation:

Breve explicación:

Jim gana $67,000 al año, contribuye al fondo de retiro y tiene seguro de vida. Pero con un solo ingreso, una hipoteca y gastos mensuales, el riesgo de problemas financieros en caso de pérdida de empleo es alto. La liquidez se refiere a la capacidad de convertir activos en efectivo rápidamente. Con solo $5,000 en ahorros, pueden tener dificultades para cubrir gastos en situaciones imprevistas.

Respuesta:

b. They should work on their plan for managing their liquidity.

Answer:

Breve explicación:

Jim gana $67,000 al año, contribuye al fondo de retiro y tiene seguro de vida. Pero con un solo ingreso, una hipoteca y gastos mensuales, el riesgo de problemas financieros en caso de pérdida de empleo es alto. La liquidez se refiere a la capacidad de convertir activos en efectivo rápidamente. Con solo $5,000 en ahorros, pueden tener dificultades para cubrir gastos en situaciones imprevistas.

Respuesta:

b. They should work on their plan for managing their liquidity.