Jana and CP, I appreciate your patience. I will try to be clearer, specifically to clarify for CPK, as his post seems confused.
Ok. Start with 10 iv.
Here, the liquidity statment says
“Wheeler fails to specifically consider ongoing expenses ($2,000/month for Taylor’s living expenses and $2,000/month to support his mother) relative to expected portfolio returns”
In this instance, it implies an ongoing expense ~24000 per year which undoubtedly will be covered by the portfolio returns is to be included in the liquidity statement.. This appears to be an ongoing income need.
Q. 12 There is a 45000 shortfall, which, for the life of me I dont see the distinction here between the 24000 per year in income need in Q 10 and this income need.
In this instance, it appears that the ongoing income requirement, which like number 10 is being met by portfolio returns is not part of liquidity statment. Why is this different form the annual income need in 10, that is part of liquidity statement.
In 10 and in 12, the porttolio is meeting the income requirement, but one has the expense in the liquidity statement and one doesn’t…
13 b Again here, there is an annual cash flow need of 26000, almost the same dollar amount as in 10, but in 10 the statement says they “failed to consider the 2000 per month” in the liquidity statement but yet in 13, the 26000 annual shortfall is excluded from the liquidity statement. To reiterate, in 10 the annual expense, long term, ongoing, met by portfolio is included and in 13, the annual, long term ongoing, met by portfolio expense on nearly the same dollar amount is excluded.
All three are income needs, all three are met by the portfolio, all three are ongoing, but it is only part of the liquidity statement in number 10. Why?
See why this looks like a discrepancy?