Question: It is becoming increasingly obvious that each person will need to take greater responsibility for their own retirement planning. Traditional pensions are becoming increasingly rare

  • It is becoming increasingly obvious that each person will need to take greater responsibility for their own retirement planning. Traditional pensions are becoming increasingly rare while 401K's more common. In some cases workers may only have access to IRA's.

    An option to many workers is creation of an Individual Retirement Account (IRA)

    Research the two types of IRA Accounts (Traditional and Roth)

    Characterize both types of accounts by listing and discussing the relative advantages and disadvantages of each.

    Discuss who can open each type of account including income limitations and withdrawal options and limitations

    Also discuss where and how an account may be opened

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