A SIMPLE IRA is a retirement plan designed for small businesses, generally those with fewer than 100 employees. It works somewhat similarly to a 401(k), but employers are required to contribute to ...

If you're self-employed or the owner of a small business, not having access to a 401(k) plan may seem like a serious disadvantage when it comes to saving for retirement. Fortunately, there are several ...

A SIMPLE IRA is an easy and inexpensive way for some employers to offer their employees a retirement savings plan. Discover its pros and cons for employees and employers. For employees, participating ...

Small businesses tend to avoid retirement plans, largely due to their complexity and cost. Just 34 percent of small businesses offer a retirement savings plan to employees, according to a recent ...

A SIMPLE IRA plan is one of many different types of retirement plans out there. While all plans have nuanced benefits and drawbacks, a SIMPLE IRA plan is unique in its own right. SIMPLE is an acronym ...

A Savings Incentive Match Plan for Employees IRA, or SIMPLE IRA for short, is a retirement plan designed for small businesses with 100 or fewer employees. Though a SIMPLE IRA is an easier and less ...

Being self-employed can be rewarding, giving you control over your schedule and freedom from routine. But it’s not without its stressors, like wondering how you’ll save enough for retirement when you ...

I invest for retirement through a SEP-IRA, which is a specialized type of IRA available to self-employed individuals. By automating my contribution process and contributing as much as possible, I’m ...

Miranda Marquit has been covering personal finance, investing and business topics for almost 15 years. She has contributed to numerous outlets, including NPR, Marketwatch, U.S. News & World Report and ...

For 2020, the annual contribution limit for SIMPLE IRAs was bumped up to $13,500 (that's $500 more than the limit for 2019). Workers age 50 or older can make additional catch-up contributions of ...