Kamal and Sahar retire this year and they are talking about their income and expenditure during their retirement period. They started their job at age 24. Once Kamal started his job, he began his savings for retirement by investing RM300 per month at 8% until age 60. However, Sahar did nothing until age 34. At 34 he began investing the same amount, RM300 per month at 8% until age 60. Kamal has accumulated RM749,093.19 while Sahar has accumulated only RM312,744. The shocking difference makes Sahar feel frustrated with his ignorance on retirement planning. i. Based on the situation above, list FOUR (4) importances of starting early for retirement planning. (4 marks) ii. Describe SIX (6) mistakes that most people will have when doing the planning for retirement. (6 marks) iii. Health care is very important to everyone especially the retirees. However, the costs of the health care nowadays are high and keep rising. State SIX (6) reasons for the high and rising cost of health care. (6 marks) Kamal and Sahar retire this year and they are talking about their income and expenditure during their retirement period. They started their job at age 24. Once Kamal started his job, he began his savings for retirement by investing RM300 per month at 8% until age 60. However, Sahar did nothing until age 34. At 34 he began investing the same amount, RM300 per month at 8% until age 60. Kamal has accumulated RM749,093.19 while Sahar has accumulated only RM312,744. The shocking difference makes Sahar feel frustrated with his ignorance on retirement planning. i. Based on the situation above, list FOUR (4) importances of starting early for retirement planning. (4 marks) ii. Describe SIX (6) mistakes that most people will have when doing the planning for retirement. (6 marks) iii. Health care is very important to everyone especially the retirees. However, the costs of the health care nowadays are high and keep rising. State SIX (6) reasons for the high and rising cost of health care. (6 marks)