Weyland 1

Financial Plan for Mason Weyland

April 10, 2018
Age: 21

Net Income: $5,400/year (reference exhibit A Income Statement on page 2)

Net Worth: $4,700 (reference exhibit B Balance Sheet on page 3)

Monthly Savings: $450/month (reference exhibit A Income Statement on page 2)

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

Credit Score: None. Plans to get a score with use of credit card.

Tax Bracket: 10%

Emergency Savings: Marcus (reference exhibit D Savings Comparison on Page 5)

Life Insurance: $500,000 20-year term policy Protective Insurance (reference exhibit E Life Insurance on

Page 6)

Savings Goals:

#1 Have $1000 in Savings Account:

Goal Amount: $1000
Savings Start Date: 1/25/18
Target End Date: 6/1/18
Time: 6 Months
Monthly Investment: $50
#2 Retirement:
Goal Amount: $1.0m
Start Date: January 1, 2020
Estimated End Date: 2065
Time: 45 years
Minimum Investment: $2,500
Investment: FWTX American Funds 2060 Target
Anticipated Annual Return: 12%
#3 Vacation
Goal Amount: $10,000
Start Date: 2020
Estimated End Date: 2029
Time: 9 years
Monthly Investment: $100
 Weyland 2

Financial Statement
Mason Weyland
25-Jan-18

Income Monthly Annually

$
Job $ 350.00 4,200.00
$
Parents $ 100.00 1,200.00
$
Total $ 450.00 5,400.00

Expenses Monthly Annually

$
Gas $ 110.00 1,320.00

Total
Income
$ 4,080.00
 Weyland 3

Balance Sheet
Mason Weyland
25-Jan-18

Assets
Car $ 1,600.00
Savings $ 600.00
Electronics $ 2,500.00
Total Assets $ 4,700.00

Liabilities
Mortgage $ -
Car Loan $ -
Credit Cards $ -
Student Loans $ -
Total Liabilites $ -

Net Assets $ 4,700.00

 Weyland 4

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.
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 Conservative
11-14 Income
15-17 Balanced
18-21 Growth
22-24 Aggressive
 Weyland 5

Online Savings
Bank Interest Min Fees
Ally 1.45% $0 $0
Marcus 1.50% $1 $0
Pure Point 1.60% $10,000 $0
Discover 1.40% $0 $0
Barclays 1.50% $0 $0

Online CDs

Bank 1 2 3 4 5
Ally 2% 2.05% 2.10% 2.25% 2.50%
Marcus 1.80% 1.90% 2.00% 2.10% 2.50%
Pure Point 1.55% 1.70% 1.75%
Discover 1.74% 1.83% 1.88% 1.98% 2.32%
Barclays 1.98% 2.08% 2.18% 2.23% 2.25%

Local Bank/ CU Savings

Bank Interest Min Fees

America First 0.10% $1.00 $0
Mountain America 0.10% $1.00 $0
Wells Fargo 0.01% $25 $5
Chase 0.01% $25 $5
Chartway 015% $5 $0

Local Bank CDs

Bank 1 2 3 4 5
America First 1.25% 1.50% 1.75% 2.00% 2.55%
Mountain A 1.24% 1.49% 1.79% 2.08% 2.96%
Wells Fargo 1.59% 1.29% 1.83%
Chase 0.02% 0.15% 0.40% 0.50% 0.60%
Chartway 1.25% 1.60% 1.65% 1.80% 2.30%
 Weyland 6

Company 10 years 20 years 30 years Universal Rating

Protective $13.76/mo $19.78/mo $30.96/mo $168.12/mo A+
AIG $14.19/mo $19.81/mo $31.49/mo $143.63/mo A
Mutual of $14.22/mo $20.78/mo $33.03/mo $148.25/mo A+
Omaha