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How SIMPLE IRA Matching Works

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David N. Waldrop, CFP®

2021 Financial Planning Cheat Sheet https://www.theastuteadvisor.com/2021...

SIMPLE IRA matching can be confusing. This video will explain how SIMPLE IRA matching works for employees and employers. SIMPLE IRA plans can be a great way for a small company to provide a low cost retirement benefit as an alternative to a qualified retirement plan like a 401(k) and profit sharing plan. SIMPLE IRA stands for Savings Incentive Match Plan for Employees. However, calling it simple is probably a misnomer.

https://www.theastuteadvisor.com/simp...

⚠ Please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and investment advisors.

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posted by tremissim3