jim and jackie are married with three children at home and a mortgage. jims net pay per year is $67,000 and…

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 $15,000 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 managing income. b they should work on managing liquidity. c they should work on protecting their assets. d they should work on protecting their income. please select the best answer from the choices provided

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 $15,000 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 managing income. b they should work on managing liquidity. c they should work on protecting their assets. d they should work on protecting their income. please select the best answer from the choices provided

Answer

Brief Explanations:

Jim y Jackie tienen una hipoteca, gastos mensuales y tres hijos. Con una renta de Jim de $67,000 al año y ahorros de $15,000, es importante manejar la liquidez para satisfacer los gastos inmediatos y planificar para el futuro. Manejar la liquidez les ayudará a tener fondos disponibles para emergencias y pagos mensuales.

Answer:

b. They should work on their plan for managing liquidity