Starting A Retirement Plan? SIMPLE

Published Friday, May 20, 2016 at: 7:00 AM EDT

Do you want to set up a retirement plan for your small business? Although you have several options, one popular choice is, by name and definition, simple. It's called the Savings Incentive Match Plan for Employees—or SIMPLE.A SIMPLE plan provides a tax-advantaged way for employees, including the owner of a business, to save for retirement. It can reduce tax liability while attracting and retaining top-notch workers. And the plan is inexpensive to start up and operate, especially when compared to some other kinds of retirement plans. To qualify to launch a SIMPLE plan, you must meet two requirements: 1. Your business can't...

To Read the Full Story, Subscribe or
This article was written by a professional financial journalist for new michael mcdonald and is not intended as legal or investment advice.

© 2024 Advisor Products Inc. All Rights Reserved.