qbteachmt
Level 15

Let's first review that "SIMPLE" is an acronym for a specific type of retirement plan. It isn't the Word Simple, as in basic or plain. It's a retirement plan established by an employer.

SIMPLE IRA participation is by paycheck deduction. The limit is $13,500 for under 50.

Does that match what you are trying to do, or are you trying to do something different and calling it the wrong thing?

 

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