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Premiere Select Simple Ira Form

Premiere Select Simple Ira Form

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Instructions and help about simple transmittal form

alright let's go ahead and jump into the last business retirement account the simple IRA so this is the savings incentive match plan for employees SIMPLE IRA came about a ways after the SEP IRA but a little bit before the solo 401k I like to refer to the simple IRA is a hybrid between an IRA and a 401k if you do have employees for a business and therefore you don't qualify for a solo 401k or you don't qualify for a SEP IRA in the sense that you be running a much more costly plan for the business a simple IRA might be a good fit for you it can be a lower-cost way to have a retirement plan for you and your employees that are eligible so let's talk about contribution limits how much can you contribute to a simple IRA 13500 as an employee contribution when you are under the age of 50 16500 when you're 50 and over again this is therefore 20/20 all right these are the limits for 20/20 if you're watching this in a future year just check out the

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