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A family friend of yours will retire in ten years. He has learned that you are majoring in finance and has solicited your help in

A family friend of yours will retire in ten years. He has learned that you are majoring in finance and has solicited your help in managing his retirement funds. Assume that this family friend of yours does not understand finance. Explain to him, in very simple words, the steps you would follow in setting up his retirement funds. What information would you need from him to help him in managing the funds?

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