You are now a certified financial planner who has recentlygraduated from college. Your parents are helping you to get startedin your new business. Since your parents own a midsize company,they decide that IF you can come up with a good retirement plan forthe 275 employees that they employ, they will hire you as thefinancial planner for the business.
They want to make sure that all the employees in the company havesome medical benefits as well as income when they retire. Most ofthese people have worked for your parents since you were a littlechild and you call many of them \"Aunt\" or \"Uncleâ€.
What are you going to suggest to your parents? Are 401K's theway to go? What about Roth IRA's? Perhaps some type of stockoption? This is a tough question.
Most of the employees (200) are making $65,000 a year right now andhave been employed with the company for at least 15 years.
What are you going to suggest? What do you think makes the betterplan for these loyal and hardworking employees?
Make sure you cite your references in APA format and responsehas to be 250 words.
