(Answered) Compare and contrast traditional and roth and sep iras and

Finance

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.

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