The correct answer is: C. Both A & B
Old age is a time when people are no longer able to work and earn a living. They may also have health problems that require expensive medical care. As a result, many older people struggle to make ends meet.
One of the biggest dilemmas facing older people is how to get enough money to live on. In many countries, there is a government-provided pension, but it is often not enough to cover all of the costs of living. As a result, many older people have to rely on savings, investments, or help from family and friends.
Another dilemma facing older people is where to invest their money. They need to make sure that their money is safe and that it will provide them with a good income in retirement. However, they also need to make sure that their money is invested in a way that will allow them to grow their wealth.
Both of these dilemmas are difficult to resolve. There is no easy answer to the question of how much old age pension should be provided. The amount of pension that is needed will vary depending on the individual’s circumstances. Similarly, there is no one-size-fits-all answer to the question of where to invest retirement funds. The best investment strategy will vary depending on the individual’s risk tolerance, investment goals, and time horizon.
Despite the challenges, it is important for older people to plan for retirement. By doing so, they can ensure that they have a comfortable and secure retirement.
Here are some additional details about each option:
- A. How much old age pension is to be provided
The amount of old age pension that is provided will vary depending on the country and the individual’s circumstances. In some countries, there is no government-provided pension. In other countries, the pension may be based on the individual’s earnings during their working life. The pension may also be means-tested, meaning that it is only available to people with low incomes.
- B. Where to invest the fund
There are many different options for investing retirement funds. Some common options include stocks, bonds, mutual funds, and annuities. The best investment strategy will vary depending on the individual’s risk tolerance, investment goals, and time horizon.
- C. Both A & B
The two options are closely related. The amount of old age pension that is provided will affect the amount of money that an individual needs to invest in retirement. Similarly, the investment strategy that an individual chooses will affect the amount of money that they will receive in retirement.