Many college students don't consider retirement plans or investment opportunities because they don't like to think that far into the future." With reference to the above statement, answer the following questions: 1. When is the ideal time to start thinking and accumulating funds for retirement? 2. Why is the topic of retirement planning becoming so important in this era? 3. Investment options that one can choose to accumulate wealth for retirement. 4. Various types of risks that one can face when planning for retirement.

Part B: Suppose you have $10,000 that you can use for retirement planning investment. A diversified portfolio is to be made so you are able to invest the funds in the most optimal way. Assume that currently, you are 30 years of age. Required: 1. Clearly state the amount that you will be investing in each of the assets. 2. Estimate the future value of your portfolio when you turn 55, the retirement age.

If you are investing in a term deposit, select any Financial Institution of your choice and use their rates for necessary calculations.

Therefore, the selected financial institution is the BSP Bank.

Features of the term deposit:

Minimum opening deposit - $1,000.

Minimum operating balance - $1,000.

Maximum opening deposit up to $200,000.

Terms range from 30 days (1 month) to 60 months (5 years).

Premature withdrawal of funds will attract a penalty interest and fee.

Benefits of this term deposit:

Choice of investment options to choose from.

Flexible interest payment

In the end, comment on whether the portfolio you have just created above will be able to provide you with adequate income/wealth security or not post-retirement.