Jim and Jackie are married with three children at home and a mortgage. Jim’s net pay per year is $67,000 and Jackie does not hav

Question

3 years ago

6

Jim and Jackie are married with three children at home and a mortgage. Jim’s net pay per year is $67,000 and Jackie does not hav

e 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 Jackie’s financial plan would you encourage them to work on?

Mathematics

2 answers:

Basile [38] · Answer 1 · 2022-01-06T21:56:57+03:00

Basile [38]3 years ago

7 0

Answer:

The answer is A i took the test

Darya [45] · Answer 2 · 2022-01-06T20:14:54+03:00

Darya [45]3 years ago

4 0

The answer is A. they should work on their plan for managing income.