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Unformatted text preview: The retirement plan which would best fit would be a Roth IRA. I chose this for several reasons. First, I am not currently working at a company with a 401k plan so do not have access to that option. Social security is a plan you are unable to voluntarily contribute to so it isn't really an option if I want to increase my retirement savings. I chose a Roth IRA over an IRA for tax purposes. As I don't earn much money now my tax rate is low. This means it would be better for me to pay taxes on contributions now but be able to withdraw them tax free when I'm in a higher tax bracket. A regular IRA would work the other way around....
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This note was uploaded on 12/30/2009 for the course QWE 65 taught by Professor Qasd during the Spring '09 term at University of Phoenix.
- Spring '09