Question
In: Accounting
Angle, age 24 and single, is a recent college graduate. They have just accepted a job...
Angle, age 24 and single, is a recent college graduate. They have just accepted a job offer with Financial Planning Pals, LLC, as a financial planner making $100,000/ yr. Angle has some student debt and lives in an apartment without any roommates. They have $0 savings currently. Additionally, Financial Planning Pals, LLC is a cheap employer and they do not offer any type of Qualified Retirement Plan.
Angle is confused about how to pay down their student loan debt, establishing an Emergency Fund and beginning to save for their retirement. Angle did not take FIN 440 in college and did not pursue a CFP® Designation. Therefore, they have come to you, a planner who has taken FIN 440 in college and who is working towards their CFP® Designation, for help planning their finances.
- Provide a short written explanation to Angle illustrating how they can use a ROTH IRA to accomplish their goals.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Angle, age 24 and single, is a recent college graduate. They have just accepted a job...
Angle, age 24 and single, is a recent college graduate. They
have just accepted a job offer with Financial Planning Pals, LLC,
as a financial planner making $100,000/ yr. Angle
has some student debt and lives in an apartment without any
roommates. They have $0 savings currently. Additionally, Financial
Planning Pals, LLC is a cheap employer and they do not offer any
type of Qualified Retirement Plan.
Angle is confused about how to pay down their student loan debt,
establishing...
Grady Zebrowski, age 25, just graduated from college, accepted his first job with a $45 comma...
Grady Zebrowski, age 25, just graduated from college,
accepted his first job with a $45 comma 000 salary, and is
already looking forward to retirement in 40 years. He assumes a 3.5
percent inflation rate and plans to live in retirement for 20
years. He does not want to plan on any Social Security benefits.
Assume Grady can earn a 6 percent rate of return on his investments
prior to retirement and a 6 percent rate of return on his...
Grady Zebrowski, age 25, just graduated from college, accepted his first job with a $47,000 salary,...
Grady Zebrowski, age 25, just graduated from college,
accepted his first job with a $47,000 salary, and is already
looking forward to retirement in 40 years. He assumes a 2.1 percent
inflation rate and plans to live in retirement for 20 years. He
does not want to plan on any Social Security benefits. Assume Grady
can earn a 9 percent rate of return on his investments prior to
retirement and a 5 percent rate of return on his investments
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You're a recent graduate of Champlain College and landed a great job in New York as...
You're a recent graduate of Champlain College and landed a great
job in New York as a junior financial analyst for Chuck Schwable, a
leading investment firm whose name bears no resemblance to a well
known investment firm. Schwable has recently been hired by Giggle,
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This is it...it's your big chance to make a great first impression
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A recent college graduate has taken a new job at Work LLC, and since the company...
A recent college graduate has taken a new job at Work LLC, and
since the company does not offer a traditional pension plan, she
plans to take advantage of a tax-free investment account backed by
a reputable financial institution that offers a guaranteed 8%
annual return for as long as she lives. The graduate plans on
working for 45 years before retiring and will save a fixed amount
each year until retirement, starting at the end of this year and...
Final Scenario You're a recent graduate of Champlain College and landed a great job in New...
Final Scenario
You're a recent graduate of Champlain College and landed a great
job in New York as a junior financial analyst for Chuck Schwable, a
leading investment firm whose name bears no resemblance to a well
known investment firm. Schwable has recently been hired by Giggle,
a leading tech giant, to provide some capital budgeting
recommendations for a major building project in downtown Manhattan.
This is it...it's your big chance to make a great first impression
and show off...
A recent college graduate has taken a new job at Work LLC, and since the company...
A recent college graduate has taken a new job at Work LLC, and
since the company does not offer a traditional pension plan, she
plans to take advantage of a tax-free investment account backed by
a reputable financial institution that offers a guaranteed 8%
annual return for as long as she lives.
The graduate plans on working for 45 years before retiring and
will save a fixed amount each year until retirement, starting at
the end of this year and...
Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in...
Seth Erkenbeck, a recent college graduate, has just completed
the basic format to be used in preparing the statement of cash
flows (indirect method) for ATM Software Developers. All amounts
are in thousands (000s).
ATM SOFTWARE DEVELOPERS
Statement of Cash Flows
For the year ended December 31, 2021
Cash Flows from Operating Activities
Net income
$
Adjustments to reconcile net income to net cash flows from
operating activities:
Net cash flows from operating activities
Cash Flows from Investing Activities
Net...
Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in...
Seth Erkenbeck, a recent college graduate, has just completed
the basic format to be used in preparing the statement of cash
flows (indirect method) for ATM Software Developers. All amounts
are in thousands (000s).
ATM SOFTWARE DEVELOPERS
Statement of Cash Flows
For the year ended December 31, 2021
Cash Flows from Operating Activities
Net income
$
Adjustments to reconcile net income to net cash flows from
operating activities:
Net cash flows from operating activities
Cash Flows from Investing Activities
Net...
You are a recent college graduate with a bachelor’s degree in accounting and have little to...
You are a recent college graduate with a bachelor’s degree in
accounting and have little to no experience and applying for your
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be sure to distinguish your application with a persuasive cover
letter or cover message. A cover letter/message has three purposes:
(a) introduce your résumé, (b) highlight your strengths in terms of
benefits to the employer, and (c) help you gain an interview.
Job Posting:
Entry Level/Recent...
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