SIMPLE IRA
RetirementA retirement plan for small businesses with 100 or fewer employees, requiring employer contributions of either match or 2% of salary.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, simple ira directly affects their strategy. Since it involves a retirement plan for small businesses with 100 or fewer employees, requiring employer, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.