(Answered)-The client is in relatively poor health and is a conservative - (2025 Updated Original AI-Free Solution

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Question

The client is in relatively poor health and is a conservative investor.? He expects to live until age 81 and asks you to use a 3% rate of return.? Should he take at 66 or 70? (Answer either 66 or 70).
The client is in relatively good health and is an aggressive investor.? He expects to live until age 95 and asks you to use a 8% rate of return.? Should he take at 66 or 70? (Answer either 66 or 70).

The client is in relatively poor health and is an aggressive investor.? He expects to live until age 81 and asks you to use a 8% rate of return.? Should he take at 66 or 70? (Answer either 66 or 70).