Samuel Preston is a 62-year-old Female who works as a Doctor. They are currently Single and live at 7196 Garcia Route Suite 600, New Elizabeth, DE 51820 in Canada. They have 2 dependents: Richard (Age: 9, Gender: Male), Jason (Age: 21, Gender: Female). Their financial goal is Retirement with a target amount of $198947 to be achieved in 55 months. Currently, they earn $69348 per month and have an expenditure of $40220. They have $45664 in savings, $6633 in fixed deposits, $7768 in stocks, $19016 in mutual funds, and $17699 in other investments. Insurance: Life Insurance with a premium of $5068 and coverage of $191291. Debt: Yes, Amount: $4389, Type: Credit Card, Interest Rate: 15.443258033738235%. Loan Start Date: 2023-12-12, Loan End Date: 2028-12-01. No emergency fund.
Plan for Samuel Preston:
1. Income: $69348 per month
2. Emergency Fund: $241320 (adequate for 6 months of expenses).
3. Savings: $45664
4. Debts: $4389 (Credit Card) with an interest rate of 15.443258033738235%.
5. Insurance: Life Insurance with coverage of $191291 and a monthly premium of $5068.
6. Investments:
Investment Type: Stocks
Monthly Contribution: $7768
Future Value after 10 years: $19420.0
Annual Interest Rate: 20.0%

Investment Type: Mutual Funds
Monthly Contribution: $19016
Future Value after 10 years: $38032.0
Annual Interest Rate: 15.0%

Investment Type: Fixed Deposit
Monthly Contribution: $6633
Future Value after 10 years: $9949.5
Annual Interest Rate: 7.0%

Investment Type: Bonds
Monthly Contribution: $17699
Future Value after 10 years: $21238.8
Annual Interest Rate: 3.5%

7. Financial Goal: Retirement with a target amount of $198947 to be achieved in 55 months.
8. Net Worth: $194558.0
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.