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Identify the type of ira that would be best for a taxpayer

Identify the type of IRA (Roth or traditional) that would be best for a taxpayer in each of the following circumstances:

a. Sharon believes she will be in a higher tax bracket when she withdraws the money in retirement.

b. Ken believes he will be in the same or a lower tax bracket in retirement.

c. Susan wants to use her retirement savings for building her estate to pass on to her children.

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Accounting Basics: Identify the type of ira that would be best for a taxpayer

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