6-19-19 - Study Group Meeting 

Hello Fellow FPA Members and Sponsors,

Please join us on Wednesday, June 19, 2019 at the office of Retirement Funding Solutions/Synergy One Lending in Roseville. We will be meeting from 12:00 pm – 1:30 pm and this will be a brown bag lunch.

The address is:
201 Creekside Ridge Court
Suite 100
Roseville, CA 95678
Contact: Launi Cooper
Phone: (916) 343-2211

Below is a case study of a fictional family named Berman. They represent a typical family in the wealth building stage of their financial life; two income earners saving for their future and education for their two children at the same time. The case study will allow you to practice analyzing a situation, using financial calculations and writing suitable recommendations. Begin by reading their background and start making note of the Berman’s goals and concerns.    

Background:  Names: Carl Berman (46), law school professor Matthew (14), son Naomi Berman (43), private junior high school principal Sarah (11), daughter
 
Financial situation: Carl and Naomi have spent the majority of their working years focusing on being fiscally responsible with the healthy income they earn.  They consider themselves “do it yourselfers” and have managed their money at local banks, Charles Schwab online and through their 401k’s at work.  Their only financial relationship is with their State Farm insurance agent who is also their neighbor.
 
Carl is a professor at the law school at the local university. Naomi is the principal of a private junior high school. They have two children, Matthew (14) and Sarah (11) and they hope to pay for their full college experience out of the savings they have been tucking away for the last ten years.  
 
When they were first married, Carl and Naomi enjoyed a great deal of travel and leisure. Since their children were born they have made saving for the future their primary focus.  Now, as they are entering their mid-forties with stable income, very good health and a net worth of over a half a million dollars, they are beginning to ask themselves if they are on track.  They have found themselves wondering if fully financing their children’s education is truly possible.  

Continue reading the entire case study HERE

How would you approach the intake meeting to ensure that you receive the necessary information to help Carl and Naomi? Please come with your ideas and thoughts.

See you there!