Question: Briefly describe the two popular retirement plans for self employed
Briefly describe the two popular retirement plans for self employed individuals.
Answer to relevant QuestionsCompare and contrast a traditional IRA with a Roth IRA. Discuss the advantages of each. What factors will affect your choice of IRAs? Explain the tax benefits of investing within a retirement account versus investing outside a retirement account. Discuss the general characteristics of a 401(k) plan. What is a 403(b) plan? How much will Marie have in her retirement account in 10 years if her contribution is $ 7,000 per year and the annual return on the account is 6%? How much of this amount represents interest? What is an estate? What is estate planning? What is the main goal of estate planning?
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