Planning for
In addition to his retirement assets, Bob's net worth consists of his home (purchase price $140,000 in 1987; Bob’s current equity is $40,000), $50,000 in a rainy-day fund (invested in a short-term money market mutual fund with Fidelity Investments), and $24,000 in a Fidelity Growth and Income Fund for his daughter’s college tuition. ................
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