Are the Obamas Financially Savvy?

The Obamas have chosen to stay in Washington, DC after Mr. President leaves office. They will reportedly stay in the upscale Kalorama neighborhood, renting a 9-bedroom home at $22,000 per month! How smart is President Obama and first lady Michelle Obama when it comes to their own money? Let’s take a look. According to their 2014 Public Financial Disclosure Report, they hold assets totaling somewhere between $1.9 million and $6.9 million, comprised of: $52,000 to $130,000 in cash (checking & savings accounts) $1,000 to $15,000 in a universal life insurance $200,000 to $400,000 in college funds for Sasha/Malia (via Illinois’ 529 Plan) $1.6 million to $6.3 million in retirement savings. The Oba

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