SEP-IRA and Simple IRA: Retirement Plan Comparison

Employees of small businesses often end up left out of employer-sponsored retirement plans simply because small businesses do not have the funds available to provide this type of benefit for their employees or small business owners do not know the different retirement plan options available to them. However, small businesses owners can create simple retirement plans to assist employees in their retirement planning. Below is an outline of two different simple approaches for retirement plan comparison. (more…)