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Review Questions

What are the three main types of individual retirement accounts?
If your marginal tax rate is low now and you believe it will only continue increasing as you grow older, which type of IRA should you most likely make contributions into?
What is the 2007 annual contribution limit per individual for a traditional IRA? Roth IRA? Education IRA?
If you currently need a tax deduction, which type of IRA is preferable to contribute to?
What are two types of small business/self-employment retirement plans that are funded by the employer?

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