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Invest in You

January 17, 2018

One of the best win, win plans for a small business is the Simple IRA plan.  You can contribute up to $12,500 for 2018  (or $15,500 if you are over 50).  Your business matches 3% of your wage.  This reduces your business profit at the same time that you are saving for retirement.  As your own boss you are uniquely responsible for your own retirement savings.  The Simple IRA must be offered to your employees as well which can be a nice benefit to offer.  You can choose from many investment service companies to set up your plan.  We have been using T Rowe Price and have been happy with their service.  Check out some details on their website here and let us know if you want us to set up a plan for you and your business.

 

 

 

 

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