lisa graduated lives in belmont, ma. she graduated from suffolk university and she is single and earns $30,000 annually from her citizens bank employer. lisa is covered under her employer's retirement plan. lisa would like to start a traditional ira and contribute $3,000 this year. which of the following describes her ability to establish a traditional ira and the tax treatment of her contribution?

Standard benefits based on a fixed formula: years of service and average compensation. Employers deduct liability as they contribute to plans where funding requirements are based on actuarial assumptions and employer, not the employee, bears the investment risk.

funding is the dedication of cash to the purchase of an asset to attain an increase in value over a time period. investment calls for a sacrifice of a few present asset, along with time, cash, or attempt. In finance, the cause of making an investment is to generate a return from the invested asset. The return can also encompass a advantage (earnings) or a loss realized from the sale of a belongings or an funding, unrealized capital appreciation (or depreciation), or funding income which include dividends, interest, or condominium profits, or a combination of capital gain and income. The return may also include foreign money profits or losses because of adjustments in the overseas currency trading quotes.

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