please do it correctly will be upvote

Create a Retirement Income Plan for Pre-Retirement Client Client: Stan Saver Age: 60 Current Income: $125,000 Income History: From 2007 until today: $125,000 From 1997 - 2007: $100,000 From 1987 - 1997: $75,000 Savings: $750,000 in 401(k),$250,000 in a taxable account Single, no kids Key Assumptions: stocks can return 7%, bonds can return 3%, and inflation will be 3%. Stan is approaching retirement and has no idea how to plan for his retirement income needs. He has a medium-level of investment risk tolerance. He has a family history of longevity, but both his father and grandfather spent a few years in an assisted-living facility prior to death. Stan has a history of illness that has left him dependent upon several prescription medications. He plans to spend $56,600 after taxes in the first year and an inflation-adjusted equivalent amount each year thereafter. Questions You Must Answer: Broadly speaking, what kind of portfolio allocation should Stan be using going forward? What will Stan's social security strategy be? What will Stan's PIA (primary insurance amount) be when he retires (in the year you choose)? In what order should Stan spend down his savings (by account type)? If retiring prior to age 65 , how will he pay for his medical expenses? At what age can Stan retire and still meet his annual income goal? How much will Stan need to save each year between now and retirement? Based on your calculations, how much more (if any) income will Stan be able to withdraw each year? Based on your allocation and other choices (including longevity), how much will be left in Stan's plan at his death? You must show all calculations completely