Will, who is single and age 50, is employed as a full-time tax accountant at a local manufacturing company where he earns $87,500 per year. He participates in a pension plan through his employer. Will also operates a small tax practice in his spare time during tax season and has net Schedule C income of $8,900. He is interested in establishing and contributing to other retirement plans. What options are available to Will? Will can establish, and explain why he is eligible