{"id":436,"date":"2023-01-17T15:13:00","date_gmt":"2023-01-17T16:13:00","guid":{"rendered":"http:\/\/marshalllodge.co.uk\/?p=436"},"modified":"2023-11-23T15:19:39","modified_gmt":"2023-11-23T15:19:39","slug":"7-things-you-need-to-know-about-a-simple-ira-for-2023","status":"publish","type":"post","link":"http:\/\/marshalllodge.co.uk\/index.php\/2023\/01\/17\/7-things-you-need-to-know-about-a-simple-ira-for-2023\/","title":{"rendered":"7 Things You Need to Know About a SIMPLE IRA for 2023"},"content":{"rendered":"
Most people have never heard of a SIMPLE IRA and are curious to know the rules, limits, and how it differs from a 401(k).<\/p>\n
A SIMPLE IRA sounds \u201csimple\u201d to set up, but is it really that easy? And how does it compare to the 401k and other retirement plans<\/a> that exist? We\u2019ll answer that and more as we take a deep dive into the SIMPLE IRA rules and limits.<\/p>\n A SIMPLE IRA, or Savings Incentive Match Plan for Employees, is a type of employer-sponsored retirement savings plan that is designed to be easy to set up and maintain for small business owners.<\/p>\n It offers a way for employees to save for retirement on a tax-deferred basis<\/a> while also requiring employers to make contributions on behalf of their employees.<\/p>\n One of the main benefits of a SIMPLE IRA is that it is easy for small business owners to set up and maintain.<\/p>\nWhat Is a Simple IRA?<\/h2>\n
Table of Contents<\/h3>\n<\/div>\n
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Benefits of the <\/strong>SIMPLE<\/strong> IRA vs 401k<\/strong><\/h2>\n