Category Archives: SIMPLE IRA

SIMPLE IRAs Can be Self-Directed

What is a SIMPLE IRA? SIMPLE stands for savings incentive match plan for employees. It allows employers and employees to make contributions to a Traditional IRA set up for those employees. It’s applicable to self-employed individuals as well (certain limits apply). For employers who do not yet sponsor a retirement savings plan at their workplace,…
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2014 Pension Plan Limitations Announced by IRS

The Internal Revenue Service announced some cost-of-living adjustments (COLA) for the 2014 tax year. These adjustments affect employer-sponsored retirement plans such as 401(k)s, defined benefit plans, simplified employee pension plans (SEP IRAs), savings incentive match plans (SIMPLE IRAs) and Roth and Traditional IRAs. A few did not change but many did; you can read the…
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How To Set Up A Self Directed IRA

Looking to estabish a Self Directed IRA, Self Directed Retirement Plan, or Real Estate IRA? Next Generation Trust Services, a self directed IRA administrator based out of Northern New Jersey, presents the basic steps to filling out the application paperwork to get your self-directed retirement account open! Control Your Future, Today!
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What is a SIMPLE IRA?

Source: www.irs.gov A SIMPLE IRA plan is a Savings Incentive Match PLan for Employees. Because this is a simplified plan, the administrative costs should be lower than for other, more complex plans. Under a SIMPLE IRA plan, employees and employers make contributions to traditional Individual Retirement Arrangements (IRAs) set up for employees (including self-employed individuals),…
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