Archive for the The Basics Category

SEP IRA Basics

SEP IRA Basics

What is a SEP IRA? An SEP-IRA is a variation of the traditional IRA and is used by small businesses to provide retirement benefits for its business owners and their employees. SEP-IRAs do not require the start up costs that conventional retirement plans have and allows contributions […]

SIMPLE IRA Basics

SIMPLE IRA Basics

What is a SIMPLE IRA? A SIMPLE IRA is a tax-favored retirement plan that certain small employers and the self employed alike can set up for the benefit of they’re employees or when talking about the self-employed, can set up to benefit themselves.  SIMPLE IRAs are written […]

Traditional IRA Basics

Traditional IRA Basics

What is a Traditional IRA? A traditional IRA is an IRA that is not either a SIMPLE IRA or Roth IRA. They have two main advantages for investment and those are 1.) You can deduct some and sometimes all contributions to it, which just depends on your […]

ROTH IRA Basics

ROTH IRA Basics

What is a Roth IRA? A Roth IRA is an individual retirement plan that provides more flexibility than a traditional IRA.  The Roth IRA offers many advantages over a traditional IRA but has an income limit that is based off your filing status.  Roth IRAs are a […]

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