Best IRA Plan?

Discussion in '401k, IRA and Retirement' started by waseem59, May 9, 2014.

  1. JR Ewing

    JR Ewing Super Moderator Staff Member

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    A Roth 401k plan does not have the income limits the Roth IRA does, and also has a higher annual contribution limit. It allows for employees to contribute after-tax income that grows tax-free.
     
  2. jondjacob

    jondjacob Well-Known Member

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    Thank you for the suggestions on both fronts. I'm leaning heavily toward Roth 401K for our employees, and as far as the investment company, it will likely be someone other than Fidelity.
     
  3. Alexis John

    Alexis John Member

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    A Savings Incentive Match PLan for Employees (SIMPLE) IRA plan allows employees and employers make a contribution to a traditional IRA.

    A company must have 100 or fewer employees in order to be eligible to start a SIMPLE IRA plan. Self-employed individuals may also take advantage of this.

    Employers must contribute every year, no matter how the business has performed. This method serves as a good means of setting up a retirement plan for employees because it is easy and inexpensive to start and operate. Employees have a choice of whether or not to make a contribution.
    It is the best trick for now I suppose.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Good post Alexis! I have a SEP myself.
     

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