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Planning on putting some of their earnings into ira accounts

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Reference no: EM131963606

Jack is a 48-year-old consultant who earns $480; 000 per year. Hector is a 19-year-old college student who has just nished a summer job that paid him $5; 000. Both are planning on putting some of their earnings into IRA accounts. Who should be more likely to use a Roth IRA instead of a traditional IRA? Explain.

Reference no: EM131963606

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