Michael Soto is a 27-year-old Female who works as a Artist. They are currently Single and live at PSC 3793, Box 6812, APO AP 22362 in USA. They have 2 dependents: Brooke (Age: 26, Gender: Female), Thomas (Age: 15, Gender: Female). Their financial goal is Save for Education with a target amount of $94874 to be achieved in 52 months. Currently, they earn $97500 per month and have an expenditure of $38557. They have $46251 in savings, $27688 in fixed deposits, $46660 in stocks, $29809 in mutual funds, and $5973 in other investments. No insurance. Debt: Yes, Amount: $14575, Type: Credit Card, Interest Rate: 24.865269738694224%. Loan Start Date: 2014-09-12, Loan End Date: 2024-10-07. Emergency Fund: Yes, Amount: $12631.
Plan for Michael Soto:
1. Income: $97500 per month
2. Emergency Fund: $12631 (adequate for 6 months of expenses).
3. Savings: $46251
4. Debts: $14575 (Credit Card) with an interest rate of 24.865269738694224%.
5. Insurance:  with coverage of $0 and a monthly premium of $0.
6. Investments:
Investment Type: Stocks
Monthly Contribution: $46660
Future Value after 10 years: $116650.0
Annual Interest Rate: 20.0%

Investment Type: Mutual Funds
Monthly Contribution: $29809
Future Value after 10 years: $59618.0
Annual Interest Rate: 15.0%

Investment Type: Fixed Deposit
Monthly Contribution: $27688
Future Value after 10 years: $41532.0
Annual Interest Rate: 7.0%

Investment Type: Bonds
Monthly Contribution: $5973
Future Value after 10 years: $7167.599999999999
Annual Interest Rate: 3.5%

7. Financial Goal: Save for Education with a target amount of $94874 to be achieved in 52 months.
8. Net Worth: $80299.0
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.