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Which of the plans would be most appropriate

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Problem 1: Nick's daughter, who is hoping one day to take over ownership of the car dealership, is interested in your discussion with her father. She would like her father to receive the maximum plan benefit available before and after retirement. She would also like to establish a plan that guarantees her father a steady source of income during retirement. If you follow the daughter's desires, which of the following plans would be most appropriate?

a. A SIMPLE plan
b. A money purchase plan
c. A stock bonus plan
d. A defined benefit plan
e. A target benefit plan

Reference no: EM132841111

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