Read the following prompt carefully. Following the details provided in the prompt, respond appropriately, and create a report.

Lucia Gomez, a flight attendant from Kent, Ohio, is thinking about jump-starting her retirement savings plan by investing the $50,000 gift that her elderly uncle gave her. She also wants to invest $3,000 a year for the next 25 years for retirement. Lucia knows little about investments and does not seem to have a big desire to learn.

After reading these details, type up your response to the following prompt(s) and question(s):

1. What can you suggest to Lucia about figuring out her investment philosophy? (Hint: Mention the information in Figure 13-2 on page 396 of your textbook in your response.)

2. Would you recommend active or passive investing for her, and why?

3. Should Lucia be a lender or owner?

4. Identify three mistakes people make when investing for retirement that Lucia should try to avoid.

5. Select two of the four recommended investment strategies to recommend to Lucia, and explain why she should follow them.

6. If Lucias $50,000 is invested in a standard investment account and her $3,000 yearly is invested in a tax-sheltered account, with each account growing at 8 percent annually for 25 years, how much money will she have accumulated in each account? She is in the 25 percent tax bracket (Hint: Adjust the lump-sum investment for 25 percent taxes).