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What type of retirement plans would be the best fit

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Question - Andy has his own shoeshine business and makes $18,000 each year. All his friends are opening retirement accounts and he wants one now too. He is now taking college classes and will likely have a good future with a good income working for the local foundation with his friend Ben. In the meantime, he wants to save a few thousand dollars each year that are tax-favored. What type of retirement plans would be the best fit for the client?

Reference no: EM133085228

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