SIMPLE IRA vs. 401(k) Plans: Which Should Your Company Prioritize?
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REVEALED: Best Gold Backed IRA
If I don't contribute enough to max out the simple IRA is there another benefit to a 401k
I enjoy listening to this channel. A Roth 401K is the best. The last 10 years of my career I got to participate in one and I'm enjoying it now – tax free income baby!
But Simple IRAs have no fee normally while 401Ks are expensive even now. Simples have better fund choices normally too.
What I’m trying to say is that the extra 1K to 3K to run a 401K is the reason you choose a Simple.
Great topic thanks for sharing. I also talk about stocks and real estate investing.
We converted from SIMPLE to 401(k) about 13 years ago when our employee numbers hit about 50 for all of the reasons listed by Brian.
Overall, 401k is the best because the contribution limit is close to $20k. It almost half that for a simple IRA.
The employee cam just open a sólo 401k if it means that much to them
401k is usually better in most cases – as long as the business can afford it
Hope whoever is reading this accomplishes financial FREEDOM, wealth, and is blessed with true happiness!
Brian and Bo are the investing kings! I am inspired by their channel. Brian and Bo inspire me to continue my own YouTube channel on Finance and Investing.