Sue and Tom are assistant professor at a local university they both take home $40,000 per year after tax sue is 37 years old and tom 35 years old they have two children karen 13 mike 11 if one of them die they estimate that the remaining family member would need about 75% of the present combined pay to retain their current standard of living while the children are still dependent not include an extra $50 a month in child care expense that would be require in a single parent household they estimate that survivor benefit would total about $1000 per month in child support. both sue and tom are knowledgeable investor in the past average after tax return on their investment portfolio have exceeded the rate of inflation by about 3% if sue was to die today how much would tom and the children need in the family maintenance funds question 2 suppose tom and sue had a life insurance protection gap of $50,000 present the steps in sequence how both should proceed to search for protection to close the gap

Question

Sue and Tom are assistant professor at a local university they both take home $40,000 per year after tax sue is 37 years old and tom 35 years old they have two children karen 13 mike 11 if one of them die they estimate that the remaining family member would need about 75% of the present combined pay to retain their current standard of living while the children are still dependent not include an extra $50 a month in child care expense that would be require in a single parent household they estimate that survivor benefit would total about $1000 per month in child support. both sue and tom are knowledgeable investor in the past average after tax return on their investment portfolio have exceeded the rate of inflation by about 3% if sue was to die today how much would tom and the children need in the family maintenance funds question 2 suppose tom and sue had a life insurance protection gap of $50,000 present the steps in sequence how both should proceed to search for protection to close the gap

Answer 1

Fiance concept?

This would have been much easier to read and understand if you'd used appropriate punctuation and capitalization.

We'll be glad to comment on your answers, although I have difficulty finding the questions.

Also -- in this recession, is it reasonable to expect their investments to produce more than 3% of the inflation rate?