More Than Your Average IRA

3D Realty HandshakeWant to know more about the retirement plans available to small businesses?  Read on for a couple of my posts on Dimespring.com about SEP-IRAs and SIMPLE-IRAs.

A SEP IRA, or Simplified Employee Pension, is an IRA used by business owners to save for their own retirement as well as the retirements of any eligible employees. Like the name says, it’s a retirement plan that’s, well, simple.

Rather than dealing with the administration hassles and costs of a more traditional retirement plan like a 401(k), opening an SEP can be an easy way to potentially contribute more to a retirement account than you are allowed with a regular IRA.  Read more over at Dimespring

And more about the SIMPLE:

Unlike some other retirement plans, with a Savings Incentive Match Plan for Employees, or SIMPLE IRA, you can take it all with you, even if you’ve only worked for your employer for a short time.

Most employer retirement plans come with a vesting schedule, meaning that while your contributions are always yours, your employer’s contributions are only yours after a certain period of time. One nice benefit of a SIMPLE IRA is that those employer contributions are 100 percent vested immediately.  Read more over at Dimespring

 

photo by: lumaxart
No comments yet.

Leave a Reply

DISCLAIMER: This web site is for informational purposes only and does not constitute a complete description of our investment services or performance. This web site is in no way a solicitation or offer to sell securities or investment advisory services except, where applicable, in states where we are registered or where an exemption or exclusion from such registration exists. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY 'LINKED' WEB SITE.

Part 2A & B of Form ADV: Firm Brochure