What risks does mike have that need to be considered? Based on how much mike needs to
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Question:
- What risks does mike have that need to be considered?
- Based on how much mike needs to save and what you have gathered from the case, what type of retirement plan would you recommend, if any at all? Justify your answer.
- Assume mike adopts a SEP and contributes 25% for all three coaches.
- What is the impact on his tax situation
- How much can he contribute to the SEP for himself?
- How does the impact his discretionary cash flow?
- What are the advantages of this approach?
- What are the disadvantages of this approach?
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