Financial Plan for Taylor Larson

December 4, 2017

Age 22

Net Income: $15360/year (reference exhibit A Income Statement on page 2)

Net Worth: -$8871 (reference exhibit B Balance Sheet on page 3)

Monthly Savings: $316/month (reference exhibit A Income Statement on page 2)

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

Credit Score: 669

Tax Bracket: 25%

Emergency Savings: $0

Life Insurance: none

Savings Goals:

#1 Car Down Payment:

Goal Amount $5,000
Start Date: September 1st, 2020
Target End Date: March 1st, 2021
Time: six months
Monthly Investment: $416
Investment: GS Online Bank
Anticipated Annual Return: 1.2%

#2 Home Down Payment:

Goal Amount: $6,000
Savings Start Date: March 2nd, 2021
Targeted End Date: march 2nd, 2023
Time: 2 years
Monthly Investment: $250
Investment: FSICX Fidelity Strategic Income
Anticipated Annual Return: 4%

#3 Retirement:
Goal Amount: $3.0MM
Start Date: September 1st, 2020
Targeted End Date: September 1st, 2065
Time: 45 years
Monthly Investment: $608.33
Investment: T Rowe Price Target Date 2060
Anticipated Annual Return: 9%
1
 Income Statemant
Taylor Larson
04-Dec-17

Income Monthly Annual

$
Employment 1,200.00 $ 14,400.00
Scholorships $ - $ -
$
Parents 80.00 $ 960.00
Rent $ - $ -
Savings $ - $ -
Investments $ - $ -
Business $ - $ -
$
Total Income 1,280.00 $ 15,360.00

Expenses
Rent $ - $ -
Tuition $ 333.33 $ 4,000.00
Car $ - $ -
Food $ 300.00 $ 3,600.00
Insurance $ - $ -
Phone $ - $ -
$
Gas 40.00 $ 480.00
Games $ 120.00 $ 1,440.00
Entertainment $ 100.00 $ 1,200.00
$
Clothes 50.00 $ 600.00
$
Misc 20.00 $ 240.00
Total Expenses $ 963.33 $ 11,560.00

Net Income $ 316.67 $ 3,800.00

Exhibit A

2
 Balance Sheet
Taylor Larson
4-Dec-17

Assets
Home $ -
Electronics $ 2,200.00
Car $ 1,500.00
Guns $ 900.00
Clothes $ 50.00
Furniture $ 200.00
Savings $ 578.44
Total Assets $ 5,428.44

Liabilities
Car $ -
Mortgage $ -
Credit Card $ -
Student Loans $ 14,000.00
Medical Bills $ 300.00
Total Liabilities $ 14,300.00

Net worth $ (8,871.56)

Exhibit B

3
 Personal Finance

Investor Profile Questionnaire Score Card

Total Score: 19

8-10 Very Conservative

11-14 Conservative

15-17 Balanced

18-21 Aggressive

22-24 Very Aggressive

Exhibit C