Edward and Stephanie Create are a couple in their 50s. They have twins, Anna and Juan, who are 27 and independent. They have no debt. Create a sample investment portfolio for Edward and Stephanie, considering the following information:
Edward is the sole income earner, with an annual salary of $75,000. He is planning to retire from this position within the next five years. At that time, he will be eligible to receive a pension that is a defined benefit plan and estimates that it will be 40% of his current salary. He is hoping this will allow him to work elsewhere just part-time but knows that this may prevent him from contributing to another 401K. His current 401K has $250,000. They do not currently own a home but are thinking about purchasing a retirement home.
Create a spreadsheet and include a 2-3 page paper that outlines an investment plan that takes them into retirement and beyond, in addition to a title page and a reference page. Provide at least 4 additional resources.
