Financial Plan for Kelsey Harrison

April 14, 2023

Age 27

Annual Net Income: $13,554

Monthly Net Income: $914.00

Net Worth: $12,766.00

Investor Profile: Balanced

Credit Score: N/A

Tax Bracket: N/A

Emergency Savings: $0 America First Credit Union (unable to save while on SSI

Life Insurance: Penn Mutual, Policy Value $300,000, 30 years, $29.32 month.

Savings Goals:
#1 Paying off debt to great grandfather:
Goal Amount: $239.65
Start Date: January 16, 2023
End Date: April 1, 2023
Time: 4 months
Monthly Investment: $55
#2 Buy external storage device for laptop- Seagate BarraCuda Internal Hard Drive:
Goal Amount: $109.99
Savings Start Date: January 16, 2023
Targeted End Date: March 1, 2023
Time: 3 months
Monthly Investment: $25
#3 MSI GV15 15.6" 144Hz Gaming Laptop
Goal Amount: $750
Start Date: January 16, 2023
Targeted End Date: January 1st, 2025
Time: 2 years
Monthly Investment: $25

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 Exhibit A

Income Statement
Kelsey Harrison
14-Apr-2023

Income Month Year

SSI $914.00 $10,960.00
Pell Grant $250.00 $2,586.00
Total Income $129.50 $13,554

Expenses -
Taxes - -
Rent/Food $100.00 $1,200.00
Classes $229.16 $2,750.00
Utilities -
Electric - -
Gas - -

Phone $40.00 $480.00

Cable - -
Internet - -
Total Utilities $40.00 $480.00
Clothing $25.00 $300.00
Entertainment $100.00 $1,200.00
Miscellaneous $631.16 $7,574.00
School Supplies $4.16 $50.00

Total Expenses $1,129.50 $13,554

Net Income $0 $0

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 Exhibit B

Balance Sheet
Kelsey Harrison
14-Apr-2023

Assets
Home -
Savings Accounts -
Investments -
Retirement Accounts -
Furniture $350.00
Electronics $1000.00
Clothing $800.00
Collectables $500.00
Books $300.00
Prosthetics $10,000

Total Assets $12,950.00

Liabilities
Other Debt $184.65
Total Liabilities $184.65

Net Worth $12,766.00

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 Exhibit C

Personal Finance
Investor Profile Questionnaire

For each of the following groups of statements, select the statement that most closely reflects your financial
situation and investment philosophy (circle numbers).

Investor Profile Questionnaire

For each of the following groups of statements, select the statement that most closely reflects
your financial situation and investment philosophy (circle numbers).
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?
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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:
8-10 Very Conservative
11-14 Conservative
15-17 Balanced
18-21 Aggressive
22-24 Very Aggressive
My score: 15, balanced

Exhibit D

Online Banks

Bank Interest Minimum Fees

Marcus 3.30% $0 None

SOFI 2.50% $0 None

Discover 3.30% $0 None

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 Venmo 1.00% $0 None

Capital One 3.40% $0 None

Ally 3.40% $0 None

Synchrony 3.40% $0 None

Local Banks

Bank Interest Minimum Fees

Chase 0.10% $25 $5 < $300
Zions 0.16% $50 $3 < $250
Key Bank 0.01% $0 $4 < $250
Wells Fargo 0.15% $25 $5 < $300
US Bank 0.01% $25 $6.95 <
Bank of America 0.01% $500 $8 < $50
Credit Unions

Bank Interest Minimum Fees

st
America 1 (MMKT) 0.05% $0 None
Mtn America 0.05% $1 None
Cyprus 0.05% $5 None
Granite 0.10% $50 None
st
U1 0.05% $10 None
Navy Federal 4.20% $1000 None
Online CDs

Bank 1 2 3 4 5
Marcus 4.40 4.35 4.00 4.00 3.80
Discover 4.25 4.25 4.30 4.30 4.30
Capital One 4.15 4.15 4.30 4.20 4.10
Ally N/A 3.30 N/A 3.30 N/A
Synchrony 4.30 4.30 4.30 4.30 4.30
Kelsey Harrison

Fin-1050 2/14/23

Local Bank CDs

Bank 1 2 3 4 5

Chase 3.00 2.00 2.00 1.50 1.50

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 Zions 2.00 2.00 2.00 2.00 2.00

Key 0.05 0.05 0.05 0.05 0.05

Wells Fargo 1.50 N/A N/A N/A N/A

US Bank 0.05 0.05 0.15 0.15 0.25

Credit Union CDs

Bank 1 2 3 4 5

America 1st 4.00 4.75 4.00 4.00 4.35

Mtn America 4.17 4.65 3.65 3.93 4.17

Cyprus 3.00 4.25 3.40 3.50 4.00

U 1st 4.30 3.50 3.85 4.00 4.15

Navy Federal 4.40 4.20 4.20 4.20 2.20

Exhibit E

Insurance Co. 10 20 30 Universal Rating

Penn Mutual $16.06 mo. $19.95 mo. $29.32 mo. $112.40 mo. A+
Protective $16.34 mo. $19.71 mo. $28.95 mo. $105.60 mo. A+
Pacific Life $15.80 mo. $19.89 mo. $29.27 mo. $108.12 mo. A+

Exhibit F

Bond Funds Higher Lower Higher

Name Symbol 1 3 5 10 Expense Beta Std. Dev. Sharpe Star Minimum Notes
Fidelity Freedom 260 FDKVX -6.66 14.93 6.63 N/A 0.75 0.86 17.43 0.8 3 0
Fidelity Strategic Income Fund FADMX -3.65 3.84 2.09 2.88 0.68 1.03 7.31 0.04 4 0
Pacific Funds Strategic Income Fund Class A PLSTX -5.39 1.26 2.76 3.43 0.94 1.12 10.23 0.04 4 2,500

Multi-Sector Funds Symbol 1 3 5 10 Expense Beta Std. Dev. Sharpe Star Minimum Notes
Jpmorgan Global Bond Opportunities Fund GBOAX -2.68 0.86 2.15 3.05 0.9 0.7 6.86 0 4 1,000
MFS Lifetime 2060 Fund Class A MFJAX -6.57 8.83 6.5 N/A 0.62 N/A 18.98 0.42 5 1,000
Voya Target Retirement 2060 Fundclass VTRSX -8.81 8.47 5.69 N/A 0.65 1.06 20.06 0.38 3 2,500