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Briefly describe to me a what a 401K plan is, a Roth IRA, a traditional IRA and either a SEP or a SIMPLE plan (choose

Briefly describe to me a what a 401K plan is, a Roth IRA, a traditional IRA and either a SEP or a SIMPLE plan (choose 1 of the 2). Also, why it is important to save for retirement using one of these versus just putting money under your mattress.

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