You are scheduled to sit down with a prospective client who has come to you with a 401(k) plan that the prospect, who is no longer employed by the 401(k) sponsor, wants to roll into an IRA account with you as manager. The prospect is 50 years old and will continue to work at a new job until reaching 67 years old, after which the prospect intends to rely on Social Security and the IRA to fund retirement. The prospect, like all prospects/clients, has limited knowledge of investment products and portfolio management and a limited attention span. Explain to the prospect how you will choose investments and manage the funds and why.