Bob Brinker's Marketimer

  Tuesday November 21, 2017

Next Marketimer © Mailing Date: November 6th


© 1997-2017
Privacy Policy

Hosted by:
@ ADPAD INC.




SIMPLE RETIREMENT ACCOUNTS (SIMPLE IRAS)
Learn even more about this topic with the Encyclopedia of Personal Finance™

The savings incentive match plan for employees (SIMPLE IRA) is sponsored by employers and is a replacement for salary reduction SEPs (SARSEPs). The employer may set up IRAs for individual employees. The employer makes annual contributions by: 

• matching up to 3% of pay for employees who contribute or 

• contributing 2% of pay for all employees whether they contribute or not. 

Employee contributions are limited to the lesser of $10,000 in 2005/2006, or 100% of compensation.  Employees age 50 or over may make additional catch-up contributions adjusted annually.

Eligibility requirements follow on the next screen.




LEARN EVEN MORE WITH THE ENCYCLOPEDIA OF PERSONAL FINANCE. CLICK HERE!

Powered by


Copyright ©1999-2017, Precision Information, LLC. All Rights Reserved