What other retirement savings options are available to him

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Reference no: EM132733000

Question - Bob is having trouble deciding between a traditional and Roth 401(K). He is currently earning $500,000 per year as a CFO and expects to be earning only $50,000 per year upon retiring at age 70.

1. Would you recommend that Bob contribute to a traditional or Roth 401(K) or another type of investment vehicle? Why?

2. If Bob is ineligible for his employer's 401(k) program, what other retirement savings options are available to him?

Reference no: EM132733000

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