Business Finance
Grantham Individual Retirement Accounts & 401K Contribution Plans Paper

Grantham University

Question Description

Write a three full page paper. APA formatting is required, which includes a cover page, abstract, the actual paper, and a reference page. The three page requirements is only regarding the actual paper. The cover page, abstract, and references do not count toward the three page requirement. Please provide two outside sources in your research. These are to be cited using the APA formatting guidelines. In this research paper, please address each of the following questions.

  • Define what an IRA is. Define a 401k. What are the differences?
  • How do each of these investment techniques effect an individual’s tax liability?
  • How are these tax liabilities computations beneficial to the individual contributing to these plans?
  • What would be the circumstances in which a Traditional IRA would be better than a Roth IRA?
  • What would be the circumstances in which a Roth would be better than a Traditional IRA?

Grading Criteria AssignmentsMaximum Points
Meets or exceeds established assignment criteria40
Demonstrates an understanding of lesson concepts20
Clearly presents well-reasoned ideas and concepts30
Uses proper mechanics, punctuation, sentence structure, and spelling10

Final Answer

Hi, kindly find attached

Running Head: IRA

Student’s Name


In normal circumstances, an IRA is an Individual Retirement Account. This is a tool used

by individuals to earmark funds and earn when making retirement savings. In the United States,
there are various types of IRA which include SEP IRAs, Roth IRAs, traditional IRAs and,
SIMPLE IRAs (Fleisher & Lippe, 2014). In most case, this is generally referred to as individual
retirement arrangement which includes financial products such as mutual funds, stocks, and
bonds. The traditional IRA’s is usually tax deductible. Although the IRA’s is not tax deductible,
it is always subject to eligibility concerning distribution. The SEP ITAs considers individuals
such as small business owners, contractors and, freelancers. It allows employers to deduct the
contribution from business incomes to secure lower tax rates. Regardless, the employees are not
allowed to contribute to their accounts and the IRS taxes are withdrawn as incomes.
On the other hand, saving’s Incentive Match Plans are specifically for self-employed
individuals and start-up businesses. They allow employees ...

NicholasI (28312)

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