Ron is aged 67 and just retired from the workforce. He is single and a homeowner. He is wondering what his social security entitlements may be, if any. He does not have any liabilities. His assets consist of the following: Home $520,000 Contents $50,000 Car $35,000 Bank Account $80,000 Managed Funds $20,000 Superannuation $350,000 His investments generate the following returns: Bank account 3.5% Managed fund 6% Superannuation 5.5% Question: Is Ron entitled to the age pension or any other social security entitlements? Please provide full calculations and thorough explanations. Ron is aged 67 and just retired from the workforce. He is single and a homeowner. He is wondering what his social security entitlements may be, if any. He does not have any liabilities. His assets consist of the following: Home $520,000 Contents $50,000 Car $35,000 Bank Account $80,000 Managed Funds $20,000 Superannuation $350,000 His investments generate the following returns: Bank account 3.5% Managed fund 6% Superannuation 5.5% Question: Is Ron entitled to the age pension or any other social security entitlements? Please provide full calculations and thorough explanations