If you are a business owner, CPA , CFO or HR Executive you should know about Savings Incentive Match Plan for Employees or SIMPLE IRA retirement plans. If you watched my video on SEP IRA’s, this is a very different solution. It is similar, however, in that the SIMPLE plan has almost no administrative needs and is low cost. Where it differs are the annual contribution limits and requirements to match eligible employees. There are two matching formulas which give this retirement plan design some flexibility that other designs don’t offer. Great for start-ups all the way to 100 employee groups, the SIMPLE IRA is a very popular option. Check out my video on Solo 401(k)’s before you make a decision or contact me to discuss all your options….(read more)
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REVEALED: Best Gold Backed IRA
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