Compareand contrast traditional and Roth and SEP IRAs and discuss various advantagesand disadvantages as well as distribution methods and limitations.
If you were a financial advisor, what type of recommendation would you make foran employee of a firm who has access and can participate in a 401k plan with a3% match at 100% and 15 mutual fund choices versus having a traditional or RothIRA? The employee only has $5,000 annually for retirement they can afford tosave from their $60,000 annual income.
Which would you recommend and why? Support your post with evidence