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Name and describe 3 types of retirement plans available. Compare and contrast the Traditional IRA, and the Roth IRA. List the steps involved to open

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Name and describe 3 types of retirement plans available. Compare and contrast the Traditional IRA, and the Roth IRA. List the steps involved to open a a Roth IRA. List at least two web sites that offers retirement accounts. Does it matter in which financial institutions you have an IRA? Explain. Compute the total amount available at retirementment in the following cases. Assume retirementment age is 65 for both cases: a.Start investing 200/ month at the age of 25 in an IRA that pays 5% interest. b. Start investing 200/ month at the age of 40 in an IRA that pays 5% interest

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