Financial Plan for Samuel Cox

December 9, 2023

Age: 20

Annual Net Income: $50,005.44 /year (reference exhibit A Income Statement on page 2)

Monthly Net Income: $4,167.12 /month (reference exhibit A Income Statement on page 2)

Net Worth: $5,500.00 (reference exhibit B Balance Sheet on page 3)

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

Tax Bracket: 22%

Emergency Savings: $6,000 Discover Savings online Bank (reference exhibit D Savings Comparison on Page 6)

Life Insurance: $250,000 10 Year Term Policy State Insurance (reference exhibit E Life Insurance on Page 7)

Savings Goals:

1. Making an emergency fund

Start dates: January 2024

Deadlines: May of next year

Dollar amount estimate: $6000

2. Starting a savings account

Start dates: May of 2024

Deadlines: never stop

Dollar amount estimate: $1000 every month

3. Car funds

Start dates: November of 2023

Deadlines: never stop

Dollar amount estimate: $600 per month

Exhibit A

1
 Income Statement
Samuel Cox
11-Dec-23

Income Month Year

Employment 1 4,167.12 50,005.44
Employment 2 - -
Investment - -
Rental - -
Scholarships/Grants - -
Alimony - -
Child Support - -
Other - -
Total Income 4,167.12 50,005.44

Expenses
Living expenses
Taxes 855.77 10,269.24
Rent/Mortgage 819.00 9,828.00
Utilities
Electric 40.00 -
Gas 40.00 -
Phone 35.00 -
Cable - -
Internet 50.00 -
Total Utilities 165.00 1,980.00
Healthcare
Health Insurace - -
Personal Care
Toiletries 25.00
Cleaners 10.00
Haircut 30.00
Total Personal Care 65.00 780.00
Transporation
Car Payment - -
Registration - 150.00
Gas 261.00 3,132.00
Car wash 15.00 180.00
Car Maintence 100.00 1,200.00
Entertainment
Subscriptions
Spotify 10.00
Playstation 8.00

2
 Total Subscriptions 18.00 216.00
Education
Tuition - -
Student Loans - -
Children's Edu - -
Enjoyment
misc. 560.00 6,720.00
MR2 250.00 3,000.00
Savings Accounts
Roth IRA 541.00 6,492.00
401K 165.00 1,980.00
Car saving 350.00 4,200.00
Total Expenses 4,164.77 50,127.24

Net Income 2.35 28.20

Exhibit B

Balance Sheet

Samuel Cox

11-Dec-23

Assets

Home 1 -

Car 1 4,000.00

Car 2 -

Savings Accounts -

Investments -

Retirement Accounts -

jewelry 1,000.00

electronics 500.00

Equipment -

furniture -

3
misc. -

Total Assets 5,500.00

Liabilities

1st Mortgage -

HELOC -

Car 1 Loan -

Car 2 Loan -

Credit Cards -

Medical Debt -

Personal Loans -

Student Loans -

Other Debt -

Total Liabilities -

Net Worth 5,500.00

Current Ratio #DIV/0!

Debt Ratio 0%

LT Debt coverage #DIV/0!

4
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).

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.
5
 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

Exhibit D
Online Banks
Bank Interest Minimum Fees
Marcus 4.40 0 0
Discover 4.30 0 0
Capital One 4.30 0 0
Ally 4.25 0 0
Synchrony 4.75 0 0
Sofi 4.50 0 0

Local Banks
6
Bank Interest Minimum Fees
Wells Fargo 0.15 300 0
Chase 0.01 0 $5<300
Alta Bank 0.01 0 $6<300
Key Bank 4.00 10 $4<300
Zions Bank 0.16 50 $4<250
Bank of America 0.01 100 $5<300

Credit Union
Bank Interest Minimum Fees
Mountain America 0.05 0 25
America First 0.05 1 0
Cypris 0.05 0 0

Online CDs
Bank 1 2 3 4 5
Marcus 5.10 4.40 4.30 4.00 3.80
Discover 4.85 4.30 4.30 4.00 4.00
Capitol One 5.00 4.40 4.30 4.28 4.10
Ally 4.85 3.75 4.25 3.75 4.10
Synchrony 5.10 4.40 4.30 4.00 4.00

Local Bank CDs

Bank 1 2 3 4 5
Wells Fargo 1.5 n/a n/a n/a n/a
Chase 3 2.0 2.0 1.50 1.50
Key Bank n/a n/a n/a n/a n/a
Zions 5.20 3.05 3.05 3.05 3.05
Bank of Am. 4.89 2.96 0.03 1.20 0.05

Credit Union CDs

Bank 1 2 3 4 5
Mountain Am. 5.13 4.41 4.41 3.93 3.93
America First 5.13 4.75 4.25 4.00 4.00
Cyprus 5.25 4.41 4.20 4.00 4.00
Granite Federal 5.50 4.50 4.50 4.50 4.00

Exhibit E

Insurance Co. 10 20 30 Universal Rating

Legal & $15.94 $18.37 $27.61 $52.84 AA-
General
Statefarm $18.07 $20.89 $28.72 $62.19 A++
Geico $23.4 $32.4 $48.6 $69 AA+
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Exhibit F
Mutual Funds
Multi-Sector Bonds
Name Symbol 1 3 5 10
Expense Beta STD Sharp Star Min.
.
Dev
Fidelity FADMX +4.90% -0.25% +2.99% +3.12% 2/5 0.93 6.83 0.34 4/5 $0.00
Strategic
Income
Fund
Intrepid ICMUX +7.96% +5.83% +5.60% +3.87% 3/5 0.57 3.98 0.94 5/5 $2,500.00
Income
Fund
Institution
al Class
Nationwid NWXEX +8.50% +3.91% +4.32% +5.21% 4/5 0.21 3.87 0.47 4/5 $2.500.00
e Amundi
Strategic
Income
Fund
Class A
Target Date Funds
Name Symbol 1 3 5 10
Expens Beta STD. Sharp Star Min.
e Dev
Fidelity FFFGX +9.38 +4.56 +8.51 +7.69 4/5 0.87 16.05 0.15 4/5 $0.00
Freedom % % % %
2045
Fund
Fidelity FHAQ +9.30 +4.15 +8.39 +6.75 2/5 0.89 16.22 0.13 3/5 $0.00
Freedom X % % % %
Blend
2045
Fund
Fidelity FFOLX +9.11 +4.09 +8.14 +7.59 1/5 0.88 15.81 0.13 3/5 $5,000,000.0
Freedom % % % % 0
Index
2045
Fund
Institution
al
Premium
Class