Save now for your future.
Of course, retirement investments are all about setting aside money for future use.
Like a 401(k) or 403(b), a SIMPLE IRA (Savings Incentive Match Plan for Employees IRA) is a tax-deferred retirement plan that you can offer to your employees to promote retirement savings.
Funded with employees’ pre-tax contributions, a SIMPLE IRA is similar to other defined contribution plans but devoid of the usual start-up and operation costs.
With a SIMPLE IRA, you’re required to match contributions dollar-for-dollar or contribute 2% of every employee’s salary, even if they don’t contribute.
Eisenberg Insurance retirement planning experts can help you understand which plan is right for your business, as well as set up and administer your plan with our preferred carriers, Guardian and Mutual of Omaha.