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 $70\text{'}$s$)$

Pleas show 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?