Compare and contrast traditional and roth and sep iras

Assignment Help Finance Basics
Reference no: EM13824401

Compare and contrast traditional and Roth and SEP IRAs and discuss various advantages and disadvantages as well as distribution methods and limitations. 

If you were a financial advisor, what type of recommendation would you make for an employee of a firm who has access and can participate in a 401k plan with a 3% match at 100% and 15 mutual fund choices versus having a traditional or Roth IRA? The employee only has $5,000 annually for retirement they can afford to save from their $60,000 annual income. 

Which would you recommend and why? Support your post with evidence. 

Reference no: EM13824401

Questions Cloud

How much cosmopolitanism is in globalization : "how much Cosmopolitanism is in Globalization"? This suggestive question, posed by Colic-Peisker (2011) assumes that globalization does not equal Cosmopolitanism.
What is the balance in accounts receivable at year-end : ABC Co. has an average collection period of 90 days. Total credit sales for the year were $6,000,000. What is the balance in accounts receivable at year-end
Discuss the major elements of each companys balance sheet : Discuss the major elements of each company's balance sheet focusing on similarities and differences. Comment on methods used to measure assets and liabilities
How many sets of equivalent hydrogen : Write the structural formula for two (2) chloro-isomers that can be formed from 2-methylpropane (isobutane). How many sets of equivalent hydrogen are there in the compound 2-methylpropane?
Compare and contrast traditional and roth and sep iras : If you were a financial advisor, what type of recommendation would you make for an employee of a firm who has access and can participate in a 401k plan with a 3% match at 100% and 15 mutual fund choices versus having a traditional or Roth IRA? The em..
Calculation of return on equity : The problem belongs to Basic Accounting and it discusses about calculation of return on equity
Human resource manager for a medium sized enterprise : Imagine that you are the Human Resource Manager for a medium sized enterprise that is seeking to implement employee benefits beyond the 401k plan. Match, profit sharing 401a plan, and health insurance are already in place as standard corporate benefi..
Size of customer service in proportion to logistical system : Size Of Customer Service In Proportion To Logistical System
Revoking sale offer-communication gap : Naiker has recently developed an interest in playing the piano. He wanted to buy a second hand piano to learn. Ahmad who owned a piano posted an offer by letter to Naiker on Monday 2 June as follows:

Reviews

Write a Review

Finance Basics Questions & Answers

  Interest rates are about to rise sharply

Interest rates are about to rise sharply

  A put option and a call option with an exercise price of 80

a put option and a call option with an exercise price of 80 and five months to expiration sell for 2.05 and 4.80

  University in maryland works on a new lms system

A well known university in Maryland works on a new LMS system, The management anticipates that new system will have the first year revenues of $400,000 with subsequent annual growth of 5%. Operating costs are 30% of revenues.

  Calculate the weighted average cost of capital

Based on the information below, calculate the weighted average cost of capital.

  Briefly explain duration model

You have been freshly employed & your line manager is asking you to use duration model in order to assess the interest rate risk related to the loan portfolio.

  What is the dividend growth rate

Home Canning Products common stock sells for $44.96 a share and has a market rate of return of 12.8 percent. The company just paid an annual dividend of $1.04 per share. What is the dividend growth rate?

  A call option written on ee has the same exercise price

a put option written on the stock of ellis enterprises ee has an exercise price of 30 and 9 months remaining until

  What is amish enterprises break-even output level

Fixed advertising expenses equal $100,000 per year. Each play set sells for $3,200. What is Amish Enterprises' break-even output level?

  Person responsible for it acquisition projects

A frequent occurrence is for an IT acquisition project that is behind schedule and over budget to continue out of control till the costs become intolerable or some other event causes it to end, resulting in much waste of resources with few or no b..

  Describe a common-size financial statement explain how one

common-size analysis is an important tool in financial analysis.a. describe a common-size financial statement. explain

  What rate of return would you have earned on your investment

What rate of return would you have earned on your investment?

  Explain the most efficient way to raise capital

Suppose you were given an opportunity to own a business of your choosing. First, briefly describe your business; then explain the most efficient way to raise capital to either start or expand your business. Provide support for your response.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd