Let's put you in the shoes of a tax accountant meeting a client for the first time. The client would like to know about retirement plans a person may have with the qualifications and how to calculate the tax implication to make an estimate.

explain how to qualify for the various retirement plans and the tax associated with them or credit to your client try to keep the explanations simple enough that a person with no technical knowledge will be able to understand.

1. What the plans are.

2. How can someone qualify for it or not be able to?

3. You will need to explain the calculation and possible extra tax forms that would be needed.