Saver’s Credit
Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit
Retirement Plans for Small Businesses
Employer-sponsored retirement plans that are ideally suited for business with 1 to 100 employees
Explore
Retirement Planning
SEP IRA vs SIMPLE IRA vs SIMPLE 401(k)
Denise Appleby’s comparison summary of SEP IRA vs SIMPLE IRA vs SIMPLE 401(k) Plans : Table reflects 2023 Plan Limits Feature/ Benefit SEP IRA Plan
SIMPLE 401(k) Plan
Definition A SIMPLE 401(k) plan is a 401(k) plan established by a small business for it’s employees. Earnings accrue on a tax-deferred basis and distributions
Retirement Planning
Maximizing Contributions to Employer Plans for SBO 401(k), SEP IRAs, and SIMPLE IRAs
by Denise Appleby When establishing a retirement plan for a small business, certain factors must be considered to ensure that the right employer plan is
Simplified Employee Pension (SEP) IRA
Definition An IRA based retirement plan established by an employer (business) for its employees. Under a SEP IRA, the employer makes SEP contributions to Traditional
Retirement Plans for Small Businesses
SIMPLE IRA -Savings incentive match plan for employees of small employers
Definition Savings incentive match plan for employees of small employers (SIMPLE IRA) An IRA based retirement savings vehicle, established by a small business owner for
IRA
Individual Retirement Arrangement (IRA)
Definition Individual retirement arrangement (IRA) is an umbrella term that covers individual retirement account and individual retirement annuity. These are retirement savings vehicles established by
Advisor Retirement Planning Resources
Appleby’s Top 10 Reasons Why a Small Business Owner 401(k) Is A Great Retirement Savings Solution
Written by Denise Appleby: For Financial Advisors The Small Business Owner 401(k) is an ideal retirement plan for many self-employed individuals. A retirement savings solution
What is a 401(a) Plan? Find out here!
What is a 401(a) Plan? A 401(a) plan is a qualified retirement plan. The term “401(a) plan” is often used because that is the section
SIMPLE IRA
SIMPLE IRA Employee Notification
An employee must be given the right to enter into an agreement to make salary deferral contributions to his employer’s SIMPLE IRA Plan, or to
