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My father has a family owned business that is set up as a corporation. I am concerned about his retirement as he has basically no savings. I would like to know if there are any retirement investing vehicles that are tax free or deferred for him to set up through his business. If there are, what if the business closes or is sold, what happens to the account? If there is not, what type of IRA do you think would be best, He has about 20 years to retirement and will not be saving for college since that time is already here. All suggestions are appreciated.
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