Elizabeth Mercer is a 64-year-old Female who works as a Engineer. They are currently Divorced and live at 25574 Heather Spurs Apt. 177, South Brianville, MD 70568 in Canada. They have 0 dependents: . Their financial goal is Travel with a target amount of $70204 to be achieved in 56 months. Currently, they earn $38367 per month and have an expenditure of $33367. They have $17513 in savings, $19875 in fixed deposits, $45162 in stocks, $8589 in mutual funds, and $15794 in other investments. Insurance: Home Insurance with a premium of $2215 and coverage of $468210. Debt: Yes, Amount: $16038, Type: Mortgage, Interest Rate: 6.715028053777919%. Loan Start Date: 2015-02-06, Loan End Date: 2033-02-12. No emergency fund.
Plan for Elizabeth Mercer:
1. Income: $38367 per month
2. Emergency Fund: $200202 (adequate for 6 months of expenses).
3. Savings: $17513
4. Debts: $16038 (Mortgage) with an interest rate of 6.715028053777919%.
5. Insurance: Home Insurance with coverage of $468210 and a monthly premium of $2215.
6. Investments:
Investment Type: Stocks
Monthly Contribution: $45162
Future Value after 10 years: $112905.0
Annual Interest Rate: 20.0%

Investment Type: Mutual Funds
Monthly Contribution: $8589
Future Value after 10 years: $17178.0
Annual Interest Rate: 15.0%

Investment Type: Fixed Deposit
Monthly Contribution: $19875
Future Value after 10 years: $29812.5
Annual Interest Rate: 7.0%

Investment Type: Bonds
Monthly Contribution: $15794
Future Value after 10 years: $18952.8
Annual Interest Rate: 3.5%

7. Financial Goal: Travel with a target amount of $70204 to be achieved in 56 months.
8. Net Worth: $54166.0
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.