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Mr. Oreef and his wife is currently end of twenties. They plan to retire in 30 years. They already have education funds for their kids,
Mr. Oreef and his wife is currently end of twenties. They plan to retire in 30 years. They already have education funds for their kids, life insurance and an investment funds. After they make some readings, they realized that the cost of living is increasing from year to year and they are worried about their living after retirement. Aware of this situation, they plan to have another fund to support their retirement life. (a) As an investment and retirement fund advisor, you are required to advise Mr. Oreef and his wife on the objective, importance and the steps in detail should be taken to set up the retirement planning. (15 marks) (b) Justify the mechanisms of risks factors that affect the choice of investment. (10 marks) (c) Time value of money and asset allocation affect the type of long-term goals and investment for retirement funds. Justify. (10 marks) (d) Explain what are the expenses that might increase and decrease during retirement? (5 marks) [Total: 40 marks] Mr. Oreef and his wife is currently end of twenties. They plan to retire in 30 years. They already have education funds for their kids, life insurance and an investment funds. After they make some readings, they realized that the cost of living is increasing from year to year and they are worried about their living after retirement. Aware of this situation, they plan to have another fund to support their retirement life. (a) As an investment and retirement fund advisor, you are required to advise Mr. Oreef and his wife on the objective, importance and the steps in detail should be taken to set up the retirement planning. (15 marks) (b) Justify the mechanisms of risks factors that affect the choice of investment. (10 marks) (c) Time value of money and asset allocation affect the type of long-term goals and investment for retirement funds. Justify. (10 marks) (d) Explain what are the expenses that might increase and decrease during retirement? (5 marks) [Total: 40 marks]
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