Question: plan? 15. Based on how much Mike needs to save and what you have gathered from the case, what type of retirement plan would you

plan? 15. Based on how much Mike needs to save and what you have gathered from the case, what type of retirement plan would you recommend, if any at all? Justify Your Answer. 16. Assume Mike adopts a SEP and contributes 25% for all three coaches: i. What is the impact on his tax situation? ii. How much can he contribute to the SEP for himself? iii. How does this impact he discretionary cash flow? iv. What are the advantages of this approach? v. What are the disadvantage of this approach? 17. Assume Mike adopts a safe harbor 401K plan with a 100% match up to 4% and all coaches are eligible and contribute at least 4% to the plan. i. What is the impact on his tax situation? ii. How much can he contribute to the SEP for himself? iii. How does this impact he discretionary cash flow? iv. What are the advantages of this approach? v. What are the disadvantage of this approach? 18. How much is the minimum distribution for Mickey's IRA for 2016

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