Questions from Personal Finance

Q: Dave and Sharon Sampson are assessing the amount of health insurance and

Dave and Sharon Sampson are assessing the amount of health insurance and disability income insurance they have. The Sampsons’ health insurance is provided by a health maintenance organization (HMO). R...

Q: The Sampsons want a life insurance policy that will provide for the

The Sampsons want a life insurance policy that will provide for the family in the event of Dave’s death because he is the major breadwinner. Specifically, they want life insurance be...

Q: Recall that the Sampsons have a goal of saving about $300

Recall that the Sampsons have a goal of saving about $300 per month ($3,600 per year) for their children’s college education. They want to estimate how this money would grow over tim...

Q: Social Security. Dorinda earned $112,000. How much

Social Security. Dorinda earned $112,000. How much did she pay in Social Security taxes?

Q: Recall that one of the Sampsons’ goals is to invest for their

Recall that one of the Sampsons’ goals is to invest for their children’s future college education. They are considering investing in several stocks that are rated highly by analysts. 1. Offer advice t...

Q: The Sampsons are considering investing in bonds as a way of saving

The Sampsons are considering investing in bonds as a way of saving for their children’s college education. They learn that there are bonds with maturities between twelve and sixteen years, which is ex...

Q: Over the last month, the Sampsons have been struggling with how

Over the last month, the Sampsons have been struggling with how to invest their savings to support their children’s college education. They previously considered stocks and bonds and are now seriously...

Q: The Sampsons have been evaluating methods for investing money that will ultimately

The Sampsons have been evaluating methods for investing money that will ultimately be used to support their children’s college education. They have concluded that a mutual fund is better suited to the...

Q: Dave’s employer offers a 401(k) plan, but Dave

Dave’s employer offers a 401(k) plan, but Dave has not participated in it up to this point. Now he wants to seriously consider contributing. His employer will allow him to invest abo...

Q: Dave and Sharon Sampson want to make sure that their family is

Dave and Sharon Sampson want to make sure that their family is properly cared for in the event of their death. They recently purchased term life insurance and want to make sure that the funds are allo...