Identify and briefly discuss the three biggest mistakes people tend to make when setting up retirement programs. (list 3, then type one sentence that describes each) How do income needs fit into the retirement planning process? (type 3 to 4 sentences) What are the most important sources of retirement income? (list them) the need to do some retirement planning on your Does Social Security coverage relieve you own? Explain. (type 3 to 4 sentences) Briefly describe the tax provisions of 401(k) plans and Keogh plans. (type 1 to 2 sentences) Describe and differentiate between Keogh plans and individual retirement arrangements. What's the difference between a nondeductible IRA and a Roth IRA? (type 5 to 6 sentences) Under what circumstances would it make sense to convert your traditional IRA to a Roth IRA? (type 1 to 2 sentences)