Answer the following questions as completely as you can. Enter your responses through SafeAssign prior to the due date.Steve and Edie are considering contributing to a Traditional IRA or a Roth IRA in 2013. Here are the details about their situation:

Answer the following questions as completely as you can. Enter your responses through SafeAssign prior to the due date.Steve and Edie are considering contributing to a Traditional IRA or a Roth IRA in 2013. Here are the details about their situation:

Sally Silverstein has a budding flower shop. She is thinking of installing a retirement plan, but she knows nothing about how to do that. She has decided to speak with you, her financial advisor, about this. What steps would you take to help Judy decide on what to do? What information would you gather in order to make appropriate recommendations? Be specific.

Bill Buckley owns a small business. As an owner, what types of retirement plans could he participate in? Be specific.

Annabelle Adams has a small business that has a steady cash flow, young well-paid key employees, and a low turnover rate. Annabelle wants to adopt a plan that has predictable costs, clearly stated contributions, is simple to administer, and easily communicated to employees. What kind of plan would you advise Annabelle to adopt and why?

Rainy Days & Mondays, Inc. is a business that manufactures umbrellas. Unfortunately, cash flow varies with the weather. The owners, Michael and Janet, would like to establish a qualified plan, but they would like to be able to withdraw their funds in the future, if they need to expand their business. What type of qualified plan would you advise for Michael and Janet? Why?

Dick and Jane are married, filing jointly, and have a combined modified AGI of $97,000 in 2013. John is 45 and Mary is 44. John is an active participant in his employer’s 401(k) plan, but Mary is not. What is the amount of the deductible IRA contribution that John and Mary can make for 2013 assuming that both earn more than $7,000?

Steve and Edie are considering contributing to a Traditional IRA or a Roth IRA in 2013. Here are the details about their situation:
Ages: Steve is 54, Edie is 49
Modified AGI: $130,000
Employment: Eddie is not employed. Gwen is employed and earns $107,000
Marital status: Married filing jointly
Participant status: Gwen is an active participant in her employer’s 401(k) plan. Eddie is not.
What are their options? Explain your reasoning. Complete the following table:

Steve & Edie’s 2013 IRA Contributions

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The post Answer the following questions as completely as you can. Enter your responses through SafeAssign prior to the due date.Steve and Edie are considering contributing to a Traditional IRA or a Roth IRA in 2013. Here are the details about their situation: appeared first on Nursing Homework Help.