Skip to content

Tag Archives: simple

SIMPLE IRA Notes

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 [...]