Assume the role of a financial advisor. You have 3 new clients.  Each of them came to you with $100,000 to invest.  You suggest to each other them to put the money into mutual funds.  What mutual funds do you suggest for each client and why.  Support your recommendations. Jose - 29 Years of Age.  Working.  Makes $250,000 a year.  Married.  No kids.  No immediate need for cash.  Investing Risk Tolerance = High. Cynthia - 49.  Single.  3 kids.  Working.  Makes a modest annual income. Ages 13, 15, 17.  All kids plan to attend college.  Plans to use some of this money to help pay for college tuition.  Investing Risk Tolerance = Moderate. Jackie - 80.  Retired.  Receives a modest retirement income.  Needs money to help pay monthly expenses.  She is healthy.  She also has three older siblings in their 90's.  Investing Risk Tolerance Low

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Retirement Income

Retirement income is the income received by the retiring person after retirement. Income can either be paid every month or paid annually. The retiree would get a guaranteed income until their death. Retirement income payment differs from person to person based on their investment type and payment method. Some are paid on a lump-sum basis and some are paid in a regular series with fixed payment or variable cash flow. Retirement income can be created from retirement savings, investment, salary, bonus, and wages from employment. Every working individual should plan their retirement income according to their income goals for the future. The plan should be made by identifying suitable income sources, estimating future expenses, applying a savings plan, and managing risk and assets. The most common age for retirement is between 60-65 years.