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

question 14

Essay

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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Definitions:

Subtle Method

A technique or approach that is delicately complex and not immediately obvious or overt.

Property Crime

Crimes that involve the taking of property without force or threat of force against the victim.

Massive Drop

A significant, sudden decrease in numbers or quantity, often used to describe declines in financial markets, population, or levels of something.

Mugging

A form of street crime where an attacker forcibly steals personal property from a victim in a public place.