Angle, age 24 and single, is a recent college graduate. They have just accepted a job offer with Financial Planning Pals, LLC, as a financial planner making $100,000/ yr. Angle has some student debt and lives in an apartment without any roommates. They have $0 savings currently. Additionally, Financial Planning Pals, LLC is a cheap employer and they do not offer any type of Qualified Retirement Plan.

Angle is confused about how to pay down their student loan debt, establishing an Emergency Fund and beginning to save for their retirement. Angle did not take FIN 440 in college and did not pursue a CFP Designation. Therefore, they have come to you, a planner who has taken FIN 440 in college and who is working towards their CFP Designation, for help planning their finances.

1. Provide a short written explanation to Angle illustrating how they can use a ROTH IRA to accomplish their goals.