hard · Certified Financial Planner Retirement
Moreau is a commissioned sales representative with 70 % of income being variable. Moreau has a non-working spouse and three children. Fixed monthly outflows are 9,000.
What is the most appropriate emergency reserve recommendation?
- Nine months of fixed outflow (81,000)
- Three months of fixed outflow (27,000)
- Six months of gross income (105,000)
- A 120,000 Home Equity Line of Credit (HELOC)
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