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    Colton McOmber is 24 years old with a net income of $1,058, net worth of $3,700, and monthly savings of $88.17. He chose America First for his emergency savings account and Protective for his life insurance policy. To improve his low credit score from rarely using credit, he plans to use his credit card for gas and groceries. His investor profile is balanced at 17. His financial goals are to save $400 per month to have $4,000 for a trip by July 2020 through America First at 0.05% return, and save $100 per month for 41 years to reach $1,000,000 for retirement through Western Asset income fund.

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    Colton McOmber is 24 years old with a net income of $1,058, net worth of $3,700, and monthly savings of $88.17. He chose America First for his emergency savings account and Protective for his life insurance policy. To improve his low credit score from rarely using credit, he plans to use his credit card for gas and groceries. His investor profile is balanced at 17. His financial goals are to save $400 per month to have $4,000 for a trip by July 2020 through America First at 0.05% return, and save $100 per month for 41 years to reach $1,000,000 for retirement through Western Asset income fund.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    My Whole Finance Package

    Uploaded by

    api-439475251
    Colton McOmber is 24 years old with a net income of $1,058, net worth of $3,700, and monthly savings of $88.17. He chose America First for his emergency savings account and Protective for his life insurance policy. To improve his low credit score from rarely using credit, he plans to use his credit card for gas and groceries. His investor profile is balanced at 17. His financial goals are to save $400 per month to have $4,000 for a trip by July 2020 through America First at 0.05% return, and save $100 per month for 41 years to reach $1,000,000 for retirement through Western Asset income fund.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Colton McOmber Age 24

    1) Your name and age


    Colton McOmber Age 24
    2) Your net income, net worth and monthly savings amounts derived from your financial
    statements
    Net income=$1,058 Net worth=$3,700 Monthly savings=$88.17
    3) An emergency savings account chosen from your savings account research
    America first
    4) A life insurance policy chosen from your life insurance research
    Protective
    5) Your credit score (optional) and any plans to improve you credit score
    I don’t really have a score because I rarely ever use my credit card. To improve my
    score, I will buy gas and grocery’s with my credit card from now on.
    6) Your investor profile taken from your IPQ
    Balanced @ 17

    Financial Goals

    1. Save money for a trip to the east.


    ● Start January 30th
    ● Save around $400 a month
    ● End saving July 24th 2020
    ● Minimum required amount $4,000
    ● Invest money into America first (Bank)
    ● Ave rate of return 0.05%
    2. Save money for retirement
    ● Start January 21st
    ● Save around $100 a month in a contribution retirement plan.
    ● End around age 65
    ● Minimum required amount $1,000,000
    ● Western Asset income fund Class A (SDSAX)
    ● Target date is 41 years from now

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