Question: Compare and contrast a traditional IRA with a Roth IRA
Compare and contrast a traditional IRA with a Roth IRA. Discuss the advantages of each. What factors will affect your choice of IRAs?
Answer to relevant QuestionsWhat is an annuity? What is the difference between a fixed annuity and a variable annuity? What is the main disadvantage of annuities? How does Social Security fit into retirement planning? How does an Social Security calculated? Describe some factors that affect the amount of your benefits. SEP Versus SIMPLE Plans. Compare and contrast a Simplified Employee Pension (SEP) plan and a Savings Incentive Match Plan for Employees (SIMPLE). Thomas earns $ 45,000 per year. What retirement plan should Thomas consider under the following circumstances? a. He works for a large private firm. b. He works at a university. c. He owns a small firm with employees. What is a trust? What is the difference between a living trust and a testamentary trust?
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