A SIMPLE IRA is a retirement plan designed for self-employed people and small businesses with 100 or fewer employees. It's a cheaper (and easier) plan for an employer to set up compared to a ...

If you withdraw funds from your SIMPLE IRA before reaching the age of 59 1/2, you will incur an extra tax of 10 percent on the taxable amount unless you meet the criteria for an exemption. In certain ...

Cost and administrative complexity are two of the most frequently cited reasons small businesses give for not offering a retirement plan. But the Simplified Employee Pension (or SEP) IRA and the ...

How Many IRAs Can You Have? There are many different types of Individual Retirement Arrangements (IRAs) a person can have. Some of these IRAs are employer-sponsored, such as the SIMPLE (Savings ...

While most individual retirement plans focus on stocks and bonds, self-directed IRAs allow you to invest in a broader range of assets, from petting zoos and laser tag arenas to residential real estate ...

Yes, you can contribute to two SIMPLE IRA plans if you have two jobs, each offering this type of plan. However, it's important to remember that the annual contribution limits set by the IRS apply ...