Which of the following is the best retirement plan option for a self-employed person who does not want to get involved with creating plans for several employees?
A) SEP-IRA
B) Keough plan
C) traditional IRA
D) SIMPLE plan
E) 401(k) plan
Answer: C
Explanation: C) A traditional IRA allows a self-employed person to fund only his or her own retirement plan. The other options listed have requirements for providing plans for employees.
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