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    Major Retirement Planning Programs

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    You would like to begin (or increase) your savings for retirement. What types of retirement plans (401ks, IRAs, etc.) might be best for your personal situation? Be sure to explain the plan you are interested in and why this is best for you.

    Evaluate the appropriateness of major retirement planning programs, such as social security, IRAs, and 401Ks for different situations.

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    Please see response attached.

    1. Details: You would like to begin (or increase) your savings for retirement. What types of retirement plans (401ks, IRAs, etc.) might be best for your personal situation? Be sure to explain the plan you are interested in and why this is best for you.
    Let's assume the person is already covered under the 401k (see http://www.dol.gov/ebsa/publications/401k_employee.html for details on the appropriateness of a 401k for your report) but wants to increase her savings ...

    Solution Summary

    This solution discuses the appropriateness pf different types of retirement plans (social security, 401ks, IRAs, etc.) for different situations, and why.

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