Michael Buchanan is a 21-year-old Male who works as a Doctor. They are currently Single and live at Unit 6822 Box 9554, DPO AA 00942 in Canada. They have 1 dependents: Kyle (Age: 13, Gender: Female). Their financial goal is Retirement with a target amount of $143029 to be achieved in 48 months. Currently, they earn $78120 per month and have an expenditure of $21856. They have $33882 in savings, $21297 in fixed deposits, $25211 in stocks, $15102 in mutual funds, and $19069 in other investments. Insurance: Auto Insurance with a premium of $6748 and coverage of $97340. No debt. Emergency Fund: Yes, Amount: $15204.
Plan for Michael Buchanan:
1. Income: $78120 per month
2. Emergency Fund: $15204 (adequate for 6 months of expenses).
3. Savings: $33882
4. Debts: $0 () with an interest rate of 0.0%.
5. Insurance: Auto Insurance with coverage of $97340 and a monthly premium of $6748.
6. Investments:
Investment Type: Stocks
Monthly Contribution: $25211
Future Value after 10 years: $63027.5
Annual Interest Rate: 20.0%

Investment Type: Mutual Funds
Monthly Contribution: $15102
Future Value after 10 years: $30204.0
Annual Interest Rate: 15.0%

Investment Type: Fixed Deposit
Monthly Contribution: $21297
Future Value after 10 years: $31945.5
Annual Interest Rate: 7.0%

Investment Type: Bonds
Monthly Contribution: $19069
Future Value after 10 years: $22882.8
Annual Interest Rate: 3.5%

7. Financial Goal: Retirement with a target amount of $143029 to be achieved in 48 months.
8. Net Worth: $143029.0
9. Recommendations:
   - Increase monthly contributions to meet the financial goal.
   - Consider reallocating investments to achieve better returns based on your risk profile.
   - Ensure adequate emergency fund and insurance coverage.