Ty would like to make a contribution to a Roth for 2025. He is 25 years old and single. His AGI is $200,000 and he's an active participant in a retirement plan at work. This will be his first time to make a contribution to a Roth or Traditional IRA.What can you advise him?Group of answer choicesYou are eligible to make a $7,000 non-deductible contribution to a Traditional IRA. But there is no way to get the money in a Roth because of your income.Yes, you are eligible to make a contribution to a Roth in the full amount of $7,000. You will have years of tax-free growth in the account.You are over the phase-out ranges for contributions to either a Roth or a Traditional IRA. Congratulations on the high income!You are eligible to make a $7,000 non-deductible contribution to a Traditional IRA. You can then do a conversion to a Roth. If you do the conversion before there are earnings in the account, none of the converted amount will be included in taxable income because you will have a basis in the Traditional of $7,000.