Bobby Mann is a 42-year-old Male who works as a Artist. They are currently Married and live at 376 Hernandez Skyway, Raymondville, SC 07950 in USA. They have 4 dependents: Matthew (Age: 20, Gender: Female), Robert (Age: 18, Gender: Female), Robert (Age: 16, Gender: Female), David (Age: 5, Gender: Female). Their financial goal is Save for Education with a target amount of $136744 to be achieved in 47 months. Currently, they earn $76589 per month and have an expenditure of $44507. They have $33647 in savings, $24607 in fixed deposits, $21171 in stocks, $25455 in mutual funds, and $7431 in other investments. Insurance: Auto Insurance with a premium of $9476 and coverage of $494300. No debt. No emergency fund.
Plan for Bobby Mann:
1. Income: $76589 per month
2. Emergency Fund: $267042 (adequate for 6 months of expenses).
3. Savings: $33647
4. Debts: $0 () with an interest rate of 0.0%.
5. Insurance: Auto Insurance with coverage of $494300 and a monthly premium of $9476.
6. Investments:
Investment Type: Stocks
Monthly Contribution: $21171
Future Value after 10 years: $52927.5
Annual Interest Rate: 20.0%

Investment Type: Mutual Funds
Monthly Contribution: $25455
Future Value after 10 years: $50910.0
Annual Interest Rate: 15.0%

Investment Type: Fixed Deposit
Monthly Contribution: $24607
Future Value after 10 years: $36910.5
Annual Interest Rate: 7.0%

Investment Type: Bonds
Monthly Contribution: $7431
Future Value after 10 years: $8917.199999999999
Annual Interest Rate: 3.5%

7. Financial Goal: Save for Education with a target amount of $136744 to be achieved in 47 months.
8. Net Worth: $136744.0
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.