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SIMPLE IRA news Rules of Simple IRA Your Business Needs to Know
By Daniel Lamaute A Savings Incentive Match Plan for Employees plan, better known as a SIMPLE plan, is an IRA-based retirement plan available to employers with fewer than 100 employees. Under a SIMPLE IRA plan, an employee can contribute a portion of his pay to his SIMPLE IRA account. An employee can make a maximum contribution of $9,000, ($10,500 if age 50 and over), to his SIMPLE IRA account for 2004. You, the employer, are required to make a ... The SIMPLE Way to Save For Retirement
The SIMPLE Way to Save For Retirement by Ken Morris The SIMPLE Way to Save For Retirement A relative newcomer to the retirement plan market, the SIMPLE IRA can be a cost-effective retirement planning alternative for small employers and their employees. A SIMPLE IRA plan consists of a deferral program for eligible employees, along with mandatory contributions by employers. An eligible employer is defined as an employer who has no more than 100 ... 401(k) vs. SIMPLE: Is it Really That Simple?
401(k) vs. SIMPLE: Is it Really That Simple? Ken Morris The Savings and Incentive Match Plan for Employers, or "SIMPLE" plan, is similar to a standard 401(k) plan in that it allows for the deposit of employee elective salary deferrals and employer contributions into an account that grows on a tax deferred basis until withdrawn; but, the SIMPLE has fewer administrative requirements than the 401(k) plan. This article will focus on two important topics ... For Entrepreneurs A SIMPLE Plan May Be Best
For Entrepreneurs A SIMPLE Plan May Be Best Tim Knox Q: I own a small decorating business and I'll be the first to admit that I don't know anything about taxes or retirement plans. I'd like to set up a 401(k) or an IRA or some other kind of retirement plan for me and my three employees. What are the various retirement plan options available for a small business owner and in your opinion, which would work best for me? -- Wanda S. A: Wanda, I ... SIMPLE Retirement Plans
by Tony Novak A relatively new type of retirement plan is now available to businesses with less than 100 employees. The new plan is called "SIMPLE" and it is easy addition to the employee benefits for almost any small business. The Small Business Protection Act of 1996 first made this plan available and the name stands for Savings Incentive Match Plan for Employees. It can be designed as either an IRA or a 401(k) plan and is much less expensive for an employer than other types of ... |
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