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 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
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Part 2A & B of Form ADV: Firm Brochure