SIMPLE IRA
from Wells Fargo
With a Simple IRA, you can offer your employees a salary-deferral plan without the cost and paperwork that's required with a 401k plan. As an employer, your contributions are tax deductible. Employees can make pre-tax contributions.
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SIMPLE IRA Reviews
Oct 23, 2008 12:35 pm
It's also worth mentioning that as an employer, you can contribute for yourself and your employees at any age. This really works well for companies with 25 or fewer employees. Employees can contribute at max up to 100% of compensation or $10,500 ($13,000 age 50 and older for 2007 and 2008).
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opening an IRA
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Jennifer, Great question! The difference between the two, in essence, in t...
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