What are the unique characteristics of each plan

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Reference no: EM131354165

Prepare a matrix comparing the differences among the following:

a. IRA and Roth IRA

b. 401(k) and ESOP

c. 403(b) or 457 (select one of the two plans)

d. SEP or SIMPLE plans (select one of the two plans)

Make sure to include the following:

Who or what organizations should use each plan?

What are the limitations?

What are the unique characteristics of each plan?

Who is eligible?

What are the provisions for loans and distributions?

Reference no: EM131354165

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