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.