Business, 23.04.2021 16:40 josmanu235

Customer Name: Jack and Jill Customer Ages: 62 and 57
Marital Status: Married - 39 years
Dependents: None
Occupations: Jack - Manufacturing Manager - Dyno-Mite Corp.; Jill - Marketing Consultant - Self Employed
Household Income: $140,000 Joint Income ($100,000 for Jack and $40,000 for Jill)
Net Worth: $1,100,000 (excluding residence)
Own Home:Yes $420,000 Value, No Mortgage
Investment Objective: Additional Income
Risk Tolerance: Moderate
Investment Time Horizon: 25 years
Investment Experience: 30 years

Current Portfolio Composition:

Cash in Bank:$30,000
Growth Fund:$50,000
Variable Annuity:$50,000
Growth Stocks:$150,000
Retirement Accounts:
Jack's IRA:$100,000 invested in growth stocksJack's 401(k):$600,000 invested in Dyno-Mite Corp. stock
Jack's 529 Plan for Grandchild: $20,000 in growth mutual fund

As the representative for this customer, your main concern would be that:

A) Jack has too much of his portfolio concentrated in the common stock of a single company - Dyno-Mite Corporation, which happens to be the customer's employer

B) Jill has not set up a retirement account based upon her income

C) Jack has too much of his portfolio invested in growth stocks that have a higher risk level than Jack's stated tolerance

D) Jack is maximizing his annual permitted contributions to his IRA and 401(k) accounts, since he is nearing retirement age

Answers: 1

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Customer Name: Jack and Jill Customer Ages: 62 and 57
Marital Status: Married - 39 years

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