Shu's brother Wen has lost his job twice in the last 5 years thorough company...
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Finance
Shu's brother Wen has lost his job twice in the last 5 years thorough company downsizing and now keeps $35,000 in a 2% money market mutual fund in case he is unemployed again. Wen's annual take-home pay is $48,000.
Describe the positive and negative aspects of Wen's savings program. Assume inflation will average 3% over his holding period and Wen is in the 25% tax bracket.
What change(s) would you recommend to Wen to improve his real, after-tax savings?
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