Integrated case project, Do you feel they have enough life

Integrated case project

Assignment Help Business Management

Reference no: EM133133884

Questions:

1. Do you feel they have enough life insurance?

a. If so, why?

b. If not, how much should they have and why?

c. What are the impacts of their current beneficiary designations on their insurance?

d. If you suggest additional insurance, how should it be owned?

i. Who should beneficiaries be?

ii. What about contingent beneficiaries?

e. What type of insurance would you suggest?

i. What are the pros and cons of each?

ii. If you suggest permanent, what type and why?

f. What are the impacts of the insurance on their estate?

2. Is there any other type of insurance you would suggest to protect themselves (besides auto and house insurance, or malpractice insurance for Wanda)?

3. What would you recommend for Wanda as far as retirement plans?

a. What impact will the retirement plan you suggest have on her future?

b. What impact will the retirement plan you suggest have on her taxes today or tomorrow, depending on the type of plan you suggest?

c. What impact will the plan you suggest have on her business and employees?

4. What do you recommend for Bill's retirement plan?

a. What are the differences between a pre-tax contribution to his plan and a Roth 401(k).contribution?

b. What about beneficiaries of his current 401(k) plan?

i. The facts don't mention anything, but what would you recommend?

ii. Based on what you recommend above, what would happen to the 401(k) plan if he died before retirement?

1. Who would it go to?

2. What are the tax implications?

5. What do you recommend regarding estate planning?

a. What would happen today if one or both died?

i. What would be probated assets?

ii. What would happen to the children?

b. Assume the following:

i. Cash assets continue to grow at 1% rate of return plus what they are adding to their cash assets

ii. Brokerage account grows at 9% rate of return

iii. 401(k) grows at 9% rate of return

iv. House values grow at 4% rate of return

v. Education accounts are spent to pay for college

vi. They have purchased the life insurance you recommended above (if any) and based on how you suggested they own it, they still have it

vii. They both die in a car accident in 15 years.

Attachment:- Integrated Case Project.rar

Reference no: EM133133884

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