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Peter Bertocci, a Consulting Electrical Engineer, Is 58 Years Old

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Peter Bertocci, a consulting electrical engineer, is 58 years old. His business has taken off and this year he expects to earn about $500,000. He is self-employed and believes that he can only set aside $5,000 in an IRA plan. How would you advise him?

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Peter should definitely consider establi...

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