What Is a SIMPLE IRA? A SIMPLE IRA plan is an easy-to-manage savings plan that lets participants save for retirement with tax-deferred dollars. Contributions in this plan get invested in a similar manner to traditional individual retirement arrangements (IRAs), where individuals contribute to thei...
A SIMPLE IRA plan is a retirement plan for small businesses with fewer than 100 employees. Here's how SIMPLE plans work, how to establish one and rules to know.
A SIMPLE IRA is a retirement plan that’s offered through small businesses to their employees. An employee can choose to contribute a portion of their pay to their account with the goal of allowing it to grow over time. Because a SIMPLE IRA plan is tax deferred, the employee doesn’t pay...
The CEO of Summer and the CHRO at LEARN discussed why offering expert help is a benefit with a big impact at EBN's virtual financial wellness summit. By Lee Hafner April 24 Technology Does your business need IT services? Running a small business comes with unique challenges, and staying...
A traditional IRA is an individual retirement account with tax benefits: Contributions can cut taxable income, giving tax breaks now while saving for later.
Read more: Roth IRA vs. traditional IRA: Which is better for you?Generally, IRA CDs earn a fixed annual percentage yield (APY). The longer the CD term, the higher the interest rate tends to be. However, it’s important to consider your liquidity needs before committing to a longer-term...
To open an account, the employee must fill out a SIMPLE IRA adoption agreement. Once the plan is established, employers are generally required to match each employee's contribution up to 3% of their pay. Or, instead of matching contributions, the employer can contribute 2% of pay for each ...
Form 8606 is used to report transactions associated with your IRA, an investment account that goes toward your retirement. Depending on your age, you may be able to deduct up to $7,500 from your taxable income based on IRA deposits. Get more information
What Is an Average Roth Return in 2025? Understanding the allocations in your Roth IRA can help manage volatility and set realistic expectations for long-term returns. Kate StalterApril 22, 2025 2026 Social Security COLA Get ready for the rate increase to Social Security benefits, which will st...
'VOO and Chill': Is the S&P 500 Enough? Managing risk through asset allocation instead has its advantages, especially for older investors nearing retirement. Kate StalterMay 9, 2025 7 Best Money Market Funds to Buy Investors can continue to enjoy low-risk, attractive yields with these top m...