Since they do not have enough saved, Rachel and John would like to consider retiring later. Create a new timeline and recalculate all of the relevant values to determine at what age Rachel and John could retire such that they have a surplus. Use John's age as a reference point. For example, instead of retiring when John is age 65, the couple retire when John is age 67. 2. Alternatively, determine by how much they would have to reduce their retirement income need such that they do not have a shortfall. For this option, the couple would create a level income until Rachel passes away. So, instead of an income of $5750 and $3750, their income would remain level. 3. Complete the table on the following page outlining how each of the four different retirement strategies will address the four unique risks covered in your chapter 7 readings. Explain why each strategy does or does not manage the risks you've identified