Suppose your parents or close friends announce that retirement is only 5 years away. They have invested in stocks and saved a substantial nest egg. What advice would you give them with regard to the steps they should take now to plan for their retirement years?

He should invest in stock as well as in other business.

Explanation:

My advice is they should invest the money in stock as well as in other business because there is high risk in investing money in stocks so some amount of money is also invested in other business such as poultry or dairy farming because there is low risk in these business and high profit should be earned from them. In stocks, there is a possibility that the invested money should be lost completely if the stock market crashed due to certain reasons.

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