Advantages of Simple IRA for Small Business Owners

Simple IRA: Retirement plan for small businesses. Employees save through pre-tax deductions, with employer contributions. 

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What Is A SIMPLE IRA Plan And How Does It Work?

SIMPLE IRA & traditional IRA differ in eligibility, contributions, and employer involvement. Choose wisely based on your situation.

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Is A SIMPLE IRA The Same As A Traditional IRA?

Confirm eligibility, choose an institution, notify employees, set up accounts, decide contributions, update payroll, and ensure compliance.

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How Do I Get Started?

SIMPLE IRAs offer streamlined setup, low costs, tax-deductible contributions, and simplified reporting for businesses. 

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Pros Of SIMPLE IRA

Limits on contributions, penalties for early withdrawal, no Roth option. Consider these before choosing. 

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Cons Of SIMPLE IRA

Allows max $13,500/yr employee pre-tax contributions. Employers match up to 3% or make non-elective 2% contributions. 

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SIMPLE IRA Contributions And Limit

Easy for employers, tax benefits for employees, instant vests. Worth considering! 

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Is Motion Worth It?

VISIT 

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