The question is asking for liquidity requirement from the client’s portfolio for the coming year.
Relevant info, the clients (the Crusoes) will pay their mortgage of $25,000 and s tart a trust with $60,000 for their daughter’s upcoming education needs IN THE NEXT FEW WEEKS. Also, they are able to save $35,000 per year which are transferred directly into their investment portfolio and immediately invested in the existing asset allocation.
Obviously, $25,000 and $60,000 must be listed. I also listed $35,000 in savings, but apparently it should be excluded. Can anyone tell me why?