Don’t miss this third in a series of articles on retirement plans for small business owners. In this issue I’ll explain why the SIMPLE-IRA may be the best retirement plan for the business owner with a modest income. As you’d expect from its name, the SIMPLE-IRA is easy to understand and implement.
To find out more, take a look at my latest article titled Tax Tips: Best Small-Business Retirement Plans: Part 3, the SIMPLE-IRA Option.
Three ways our fact-filled article can help you:
- We’ll explain SIMPLE-IRA basics. The best thing about a defined contribution plan like the SIMPLE-IRA is that your annual contribution is completely discretionary. This means you can contribute little or nothing in years when cash is tight. You’ll learn more when you read the full article.
- You’ll learn why the SIMPLE-IRA offers you a lot of flexibility. If you’re self-employed (as a sole proprietor, LLC member, or partner), you can make annual deductible contributions to your SIMPLE-IRA account. Allowable contributions come in two flavors. I’ll explain them and more when you read the full article.
- We’ll tell you the three biggest advantages of the SIMPLE-IRA. We’ll also share with you the four biggest disadvantages. Don’t miss this important information that we’ve made easy to understand. Here’s your chance to read the full article.