Question
2-please advise and provide examples Will, who is single and age 50, is employed as a full-time tax accountant at a local manufacturing company where
2-please advise and provide examples
Will, who is single and age 50, is employed as a full-time tax accountant at a local manufacturing company where he earns $85,750 per year. He participates in a pension plan through his employer. Will also operates a small tax practice in his spare time during tax season and has net Schedule C income of $8,550. He is interested in establishing and contributing to other retirement plans. What options are available to Will? Will can establish
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Keogh Plan only
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SIMPLE Plan only
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Roth and/or traditional IRA only
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Keogh Plan or SIMPLE Plan only
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Keogh plan or a SIMPLE plan and a Roth and/or traditional IRA
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