How Simple IRA Plans Work

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Simple IRA's are often times the ideal type of reitrement plan for small businesses with employees. Before jumping to a 401(k) plan make sure you underthe difference between a Simple IRA plan and a 401(k) plan. This video will review contribution limits, establishment deadlines, employee eligibility, the employer contribution formula, vesting, compliance requirements, and the special 2 year distribution rule that applies to Simple IRA accounts. • Contact Michael Ruger with Questions: 518-477-6686 or [email protected] • Visit our website: https://www.greenbushfinancial.com/ • Subscribe to our channel for more financial planning tips:    / @greenbushfinancialgroup   • #retirementplans #smallbusiness #ira #greenbushfinancial

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