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Tag Archives: ira

Retirement Plans

Tuesday, November 11, 2008

I’ve been interested in getting a retirement plan started since I converted over to my LLC.  At the staffing agency I did open a 401k with them, but I only funded it for a short time.  I’m also having an issue logging into the account online, but … that’s not the point of this post, [...]

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SIMPLE IRA Notes

Wednesday, August 13, 2008

I’m looking into the specifics of setting up a SIMPLE IRA once I completely convert over to being self-employed.
Here are a few interesting things I ran into so far:
http://www.irs.gov/pub/irs-tege/simple__checklist.pdf
Employer matching contributions:
You are generally required to match each employee’s salary reduction contributions on a dollar-for-dollar basis up to 3% of the employee’s annual compensation. This requirement [...]

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401k? SIMPLE-IRA?

Thursday, July 31, 2008

I’m not really sure what is best at this point.  As I was talking with the lawyer, he mentioned that he just has an IRA (I think he said SIMPLE-IRA) for retirement.  He also said that the 401k is generally geared towards bigger businesses and there are quite a few fees involved as well.  I [...]

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