One of your new clients is going to retire next year at 60 (although he could continue to work for $45,000 a year, he'd rather fish and hunt). The company that he works for has been purchased and he will receive a $100,000 payout. His pension is approximately $1,250/ month while his monthly expenses average closer to $3,500. Using Time Value of Money, what would you recommend that your new client do? What role does his health and his parents' health play in your discussion? (Both died in their early 7o's) This is a TVM exercise that requires calculations. What assumptions will you make about the client and his financial situation? Inflation rate, rates of return on investments before and after retirement, life expectancy, social security? Where might you find data to standardize and support your assumptions? What will be his shortfall? How can he make up the difference? What assumptions will you make? Show your calculations