No matter what line of business you're in, setting up a retirement plan for your employees is likely on your mind. Setting up a savings program to help you and your employees achieve a secure retirement can seem daunting at first, but with some guidance you'll be well on your way to having a plan that fits both your needs and theirs.
One great option for small businesses is the aptly-named SIMPLE IRA — short for Savings Incentive Match Plan for Employees Individual Retirement Account. Today, we'll take a look at what the plan is all about and some basic guidelines you'll encounter while using it.
Topics: SIMPLE IRAs