*Retirement Planning Questions*

(I know the answer is not black and white but please answer to the best of your knowledge with reasoning. I WILL GLADLY THUMB UP!!!)

Client's Information:

- 22 years old

- married

- has no children

- income is $50,000 (expected to have high growth)

- investment goal is saving for graduate school)

- has business assets of $10,000

- has joint assets of $150,000

- has a joint mortgage of $120,000

- has student loans of $80,000

Question:

a) can the client use a tax deferred account? If so, which account type is best for the client?

b) If they cannot use a tax deferred account, what is the best alternative?

c) should the client do a Roth IRA conversion?

d) Will the client be liable for the AMT? If so, what will you suggest they do to minimize it?