10. Four of your family friends are talking about ways to save for retirement. They heard you are in a personal finance class and would like your help in determining what type of IRA they should establish. Use the following information to tell each family friend which, if any, type of IRA they should establish to begin saving for their retirement. a. James is 50 years old and single. He is employed by a regional manufacturing company|| and earns approximately $30,000 per year. b. Lily is 62 years old and retired. Lily receives Social Security benefits and occasionally takes withdrawals from her savings to pay bills. C. Micki is 30 years old and attends college full-time pursuing a graduate degree in pharmacy. She receives scholarships that cover her tuition. Micki pays for her other expenses using student loans. d. Jarvis is 42 years old and married. He is employed as a senior manager for a large financial services company. His family income exceeds $95,000 per year. 10. Four of your family friends are talking about ways to save for retirement. They heard you are in a personal finance class and would like your help in determining what type of IRA they should establish. Use the following information to tell each family friend which, if any, type of IRA they should establish to begin saving for their retirement. a. James is 50 years old and single. He is employed by a regional manufacturing company|| and earns approximately $30,000 per year. b. Lily is 62 years old and retired. Lily receives Social Security benefits and occasionally takes withdrawals from her savings to pay bills. C. Micki is 30 years old and attends college full-time pursuing a graduate degree in pharmacy. She receives scholarships that cover her tuition. Micki pays for her other expenses using student loans. d. Jarvis is 42 years old and married. He is employed as a senior manager for a large financial services company. His family income exceeds $95,000 per year