Aissata is a 28 -year-old freelance consultant with a fluctuating income. They want to save for retirement but need flexibility in the amount they can contribute each year. Aissata is considering a Roth IRA or a SEP IRA. Why does a Roth IRA better meet Aissata's goals than a SEP IRA?

A Roth IRA lets Aissata choose how much to contribute each year, up to the annual limit, so contributions can vary with freelance income and there is no required minimum contribution. A SEP IRA contributions are made by the employer; for a self-employed person, the amount is generally tied to income. Therefore, the best choice is “A Roth IRA allows for flexible contributions without requiring a minimum amount.”

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