qbteachmt
Level 15
04-16-2022
10:36 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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?
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers