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SIMPLE IRA

SIMPLE (Savings Incentive Match Plan for Employees) is a salary reduction arrangement available to both employers and employees offering more secure retirement and generous tax advantages.

This retirement plan is geared to small businesses with 100 employees or less and is exactly what it sounds like—simple. It eliminates some of the tedious requirements and procedures of other qualified plans.

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Summary
  • Ideal for small businesses
  • Help employees plan for the future
  • Interest bearing account
  • Low administrative costs
  • Set aside portion of pay for retirement
  • Possible tax advantages
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