Simple IRA's Plans
When it comes to your retirement, what do you do when a 401k is not the best option? Why not start looking at a SIMPLE IRA? SIMPLE IRA’s PLANS are employer-established retirement plans, including the self-employed clients, that allow the employees to contribute while at the same time the employer will match that contribution. When one investment road doesn’t lead to your goal, Lighthouse Services knows that there’s always more than one way to reach your destination.
What is a SIMPLE IRA?
In this investment case, the word SIMPLE stands for “savings incentive match plan for employees”. This type of savings plan is primarily designed for the self-employed and the small business owner. Not only is this plan “simple” to open but it’s also easier to maintain and allows for higher limits on contributions than regular IRA’s. Also, like traditional IRA’s, your contributions are not taxed until you make a withdrawal.
How To Start A Simple IRA’s Plans?
When it comes to establishing a SIMPLE IRA’S PLANS, that responsibility falls on the employer. The experienced team at Lighthouse Services can help any employer, or self-employed individual, from start to finish with investing. Whether you’re just beginning or if you need help picking investment opportunities, our staff will assist you in making the best choices for you and your business.
While the SIMPLE IRA’s do live up to their name, they do not let you save as much money as some other more detailed plans do. Contact us today 256-964-9580 and let Lighthouse Services show you the difference. We will help you develop a plan that protects you and your future goals.
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