Has your small business procrastinated in setting up a retirement plan? You might want to take a look at a SIMPLE IRA. SIMPLE stands for “savings incentive match plan for employees.” If you decide you’re interested in a SIMPLE IRA, you must establish it by no later than October 1 of the year for which you want to make your initial deductible contribution. (If you’re a new employer and come into existence after October 1, you can establish the SIMPLE IRA as soon as administratively feasible.)…
Types of Self-Directed IRAs - Traditional, Roth, SEP and SIMPLE IRA - Self Directed IRA Services
Ready for your 2013 IRA Contributions? Last year, the Internal Revenue Service made many changes that effect your maximum contribution limits for all types of retirement accounts, including Roth IRAs, Traditional retirement accounts, SEP accounts, and 2013 Simple IRAs. Stay up to date on all the rules and deadlines with this super handy and attractive [...]
SIMPLE IRA retirement plan for small business owners
RMD It is currently happening some and eventually, this will likely happen to all of us. I am referring to Required Minimum Distributions (RMD). The RMD is your required minimum distribution amount which the Internal Revenue Services requires you to withdraw each year from your IRA, SEP-IRA, Simple IRA or retirement plan account when you reach age 70 ½.