Your aunt is happy that you are taking Investments subject in Multimedia University. She seeks your investment advice. She is healthy and is about to retire carly. She has about RMI million in her employee provident fund (EPF) and another RM200,000 cash and short-term investments. She is staying in a nice bungalow house in a village near Ipoh. Should she withdraw the entire money from EPF and do some other investments? You are required to discuss investment strategies of her money by using four life-cycle phases in an individual investor life cycle as well as the understandings of risk and return relationships