Financial Plan for Justin Rowe

April 9, 2018

Age: 24

Net Income: $9,781.92 /year (reference exhibit A Income Statement on page 2)

Net Worth: $20,038.00 (reference exhibit B Balance Sheet on page 3)

Monthly Savings: $752.34/month (reference exhibit A Income Statement on page 2)

Investor Profile: Balanced (reference exhibit C Investor Profile Questionnaire on page 4)

Credit Score: 799

Tax Bracket: 15%

Emergency Savings: $2,000 CIT Online Savings Bank (reference exhibit D Savings Comparison on Page 5)

Life Insurance: $500,000, 20 Year Term Policy with Progressive Insurance (reference exhibit E Life Insurance
on Page 6)

Savings Goals:

#1 Fully Fund my ROTH IRA for 2018:

Goal Amount: $3,000
Savings Start Date: January 1, 2018
Targeted End Date: October 1,2018
Time: Within 2018
Monthly Investment: $ 350.00
Investment: FOCPX Fidelity OTC PORT
Anticipated Annual Return: 26.35%

#2 Stock Investment:
Goal Amount: $2000.00
Start Date: Jan 1, 2018
Targeted End Date: Jan 1, 2019
Time: 1 year
Monthly Investment: $167
Investment: Stocks
Anticipated Annual Return: 10%

#3 Suit For Suit Sisters Wedding:

Goal Amount: $500.00
Start Date: Jan 1, 2018
Targeted End Date: August 1, 2018
Time: 8 months
Monthly Investment: $65.00
Investment: Chase Bank Savings Account
Anticipated Annual Return: 0.01%
 Income Statement

Income Monthly Annually

Job 1,050.00 12,600.00
Job 2 100.00 1,200.00
Rental - -
Investment - -
Pell Grant 337.50 4,050.00
Other 80.00 960.00
Total Income 1,567.50 18,810.00

Expenses Monthly Annually

Taxes 51.34 616.08
Rent - -
Food 250.00 3,000.00
Utilities - -
Gas - - -
Electric - - -
Phone 28.00 - -
Cable/web 47.00 - -
Total Utilities 75.00 900.00
Clothing 15.00 180.00
Car Payment - -
Gas for car 140.00 1,680.00
Insurance - -
Health 86.00 - -
Dental 11.00 - -
Car 35.00 - -
Insurance Total 132.00 1,584.00
Consumer Debt - -
Entertainment 80.00 960.00
Medical 9.00 108.00
School Supplies - -
Total Expenses 752.34 9,028.08

Net Income 815.16 9,781.92

 Balance Sheet

Assets
Home -
Car 823.00
Savings Account 4,087.00
Investments 2,810.00
Retirement 8,000.00
Furniture 2,380.00
Other 2,025.00
Total Assets 20,125.00

Liabilities
Mortgage 1.00
Car Loan -
Credit Cards 86.00
Consumer Debt -
Student Loans -
Other Debt -
Total Liabilities 87.00

Net Worth 20,038.00

Current Ratio 6897.00

Debt Ratio 0%
LT Debt Coverage 12,600.00
 Investor Profile Questionnaire

A. 1. One can’t be too careful.

2. When in doubt, err on the side of caution.
3. Nothing ventured, nothing gained.

B. 1. Put safety first, stick with risk free investments.

2. Don’t put all your eggs in a few baskets, diversification is important.

3. Put most of your money in your best investment ideas.

C. 1. Receiving dependable income is more important than growth.

2. Income and growth are equally important.
3. Growth is more important than current income.

D. 1. I prefer conservative investments.

2. I like to have a mix of conservative and growth oriented investments.
3. I want growth and am willing to risk significant capital to achieve it.

E. A respected friend suggests the time is right to invest aggressively, you

1. Refuse to take more risk.
2. Invest a portion of your savings.
3. Invest all your savings.

F. You win a contest and can choose among three prizes, which do you select?
1. Receive $5000 today.
2. Receive $2000/year for 5 years.
3. Receive $25,000 10 years from now.

G. An emergency requires $10,000 unexpectedly, you

1. Have to liquidate all your investments.
2. Have to liquidate 25% of your investments.
3. Could handle it without liquidating any of your investments.

H. The stock market is dropping in value, you would sell your investments after
1. A 10% drop in value.
2. A 20% drop in value.
3. I would not sell in a down market.

Personal Finance

Investor Profile Questionnaire Score Card

Total Score: 17 Balanced

 Savings Comparison
Online Savings

Bank Interest Min Fees

Marcus 1.5% $0 $0
CIT 1.55% $100.00 $0
PurePoint 1.59% 10,000.00 $0
Amex 1.45% $1.00 $0
Discover 1.4% $0 $0

Local Bank/CU Savings

Bank Interest Min Fees

KeyBank 0.01% $25.00 $5<300 Balance
Chase 0.01% $50.00 $4<300 Balance
Wells Fargo 0.01% $25.00 $5<300 Balance
America First 0.01% $1.00 FREE
Mtn America .01% 5 Free <100

Online CD’S

Ban 1 2 3 4 5
Marcus 1.80% 1.90% 2.00% 2.10% 2.50%
$500 Min
CIT 1.70% 1.40% 1.30% 1.50% 1.70%
$1,000 Min (13 Month)
PurePoint 1.54% 1.59% 1.69% 1.73% __
$10,000 Min (18 Months) (24 Months) (36 Months)
Ally Bank 1.75% 1.80% 1.85% 2.0% 2.25%
$1,000 (18 Months)
Amex 0.55% 1.75% 1.95% 2.0% 2.35%
Discover 1.74% 1.83% 1.88% 1.98% 2.32%

Local Bank CD’s

Bank 1 2 3 4 5
Chase 0.02% 0.15% 0.4% 0.5% 0.6%
$1,000 Min
KeyBank 0.75% 0.896% 1.05% 0.15% 0.25%
$2,500 Min (14 Months) (27 Months) (37 Months)
Zions Bank 0.40% 0.50% 0.65% 0.80% 1.00%
$1,000 Min
America First 1% 1.50% 1.75% 2.00% 2.55%
Mtn America 1.25% 1.5% 1.8% 2.1% 2.6%
 Life Insurance

Insurance Co. 10 Year 20 Year 30 Year Universal Rating

Mutual of 14.66/mo 21.22/mo 33.91/mo NA/mo A+
Omaha
Pacific Life 14.66/mo 20.38/mo 32.80/mo 201.65/mo A+
Transamerica 15.48/mo 23.65/mo 33.54/mo NA/mo A+