Results for SIMPLE IRA

When you browse the list of available retirement accounts, the Self-Directed SIMPLE IRA might not always come straight to the top. Popular...

Small employers that offer SIMPLE IRAs must report salary deferral contributions on each employee's W-2. Here's how.

When you hear about Self-Directed SIMPLE IRAs, it’s possible that not everyone is getting the facts right. After all, many people talk...

Let us take a closer look at the specific benefits of Self-Directed SIMPLE IRA plans and why so many people turn to them.

A Self-Directed SIMPLE IRA is a retirement plan that small employers, including self-employed individuals, can set up for the benefit...

Small business owners looking to implement a retirement plan for their small business commonly decide a SIMPLE IRA is a good savings vehicle for them to start out with, but as time goes on, many choose to upgrade to a 401(k) plan. Here's what you need to know:

Learn about the main difference between a SEP IRA and a SIMPLE IRA to better understand the annual investing requirements that small businesses must make.

1. Think long-term. Where do you want to be financially in five, 10, or 40 years? If you constantly focus on what you want immediately, your long-term financial future could be in danger
2. Live within your means. While you’re just starting your work life and you’re earning a modest income, don’t try to live a celebrity lifestyle. In reality, as a young professional, you are likely not going to start out making a six-figure income. Live and spend, keeping that fact in…

SIMPLE-IRA PLANS - DEPOSIT RULE IS SIMPLE
The DOL requires that employee payroll deductions for an employer's SIMPLE-IRA retirement plan must be remitted by the 30th day following the month in which the "elective deferrals" were withheld from payroll
WHAT ABOUT EMPLOYER SHARE OF FUNDING?
Employers are not required to transmit employer "matches" and discretionary employer contributions until the due date of the employer's Federal income…

What retirement plan should a business owner establish for his/her business? That all depends on the specifics of each business and the goals the business owner would like the retirement plan to accomplish. We will explore three of the more popular retirement plans for small business owners; the SEP IRA, SIMPLE IRA and Solo 401k, …

Looking to avoid taxes on Roth IRA conversions? Choose a "backdoor" Roth or wait for a life event to lower your tax bracket.

By BarbaraWeltman , Guest Blogger
Published: November 7, 2018
According to the Census Bureau, only 45 percent of workers at companies with 1 to 49 employees had access to a retirement plan. This percentage jumped to 76 percent at companies with 50 to 99 employees, and to 90 percent for companies with 100 or more employees. What can small businesses do to improve their numbers and fall in line with larger employers
Why you need a retirement plan
If you don’t yet have…

Does anyone really believe the old adage that says what you don’t know can’t hurt you? If you do, it’s probably costing you money
Take your organization’s retirement plan. If you’re an employer with a 401(k), 403(b) or other qualified retirement plan, it’s your fiduciary responsibility to exercise care and due diligence with regard to your plan, and to act solely in the interest of your…

Specializing in life insurance, investments, and retirement planning throughout the Tri-State Area of the Ohio Valley area, encompassing Ohio, West Virginia and Pennsylvania. Agent with New York Life Insurance Company. Products include whole life insurance, term life insurance, universal life insurance, annuities, immediate annuities, fixed annuities, variable annuities, guaranteed lifetime income annuities, long-term care insurance, long term care insurance, mutual funds, 529 college savings plans accounts…

You can make contributions for 2014 as late as April 15. But why wait?

Learn IRA rollover rules, benefits of an IRA and how multiple 401(k)s can be moved into a single account. Learn more about IRA rules.

Depositing your tax refund into a new or existing IRA from State Farm can be a great way to invest in your future. Find out more today.

Roth accounts are a taxpayer's dream -- creating a stream of tax-free income when you cash out in retirement. But to make that dream a reality, you have to follow a number of federal tax rules, both when putting money in and when taking money out.

Learn how to calculate required minimum withdrawals from an IRA you inherited from your spouse.

You can use after-tax 401(k) contributions to save significantly more for your retirement and reap the tax advantages of a Roth.