Article Date:
January 2020

Word Count:



Why a SIMPLE-IRA Could Be Your Best Retirement Plan Alternative

In the solo 401(k) article, we asked you this question: Have you procrastinated about setting up a tax-advantaged retirement plan for your small business?


If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could easily be avoided.


So, consider setting up a plan to position yourself for future tax savings.


This article explains why a SIMPLE-IRA could be your best retirement plan option if your business generates only a modest amount of annual income.


You must have your SIMPLE-IRA set up by October 1, 2020, to permit a deductible contribution for your 2020 tax year. If you are going to establish a SIMPLE-IRA this year, do it now. October 1 will be here before you know ... Log in to view full article.

Log in to view full article
Already a subscriber?
Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee