SIMPLE IRA Explained

  Рет қаралды 19,454

Travis Sickle

Travis Sickle

Күн бұрын

In this video, I'm talking about the SIMPLE IRA explained, well, simply.
Reducing taxes, saving for retirement, and employee retention for small business owners. The SIMPLE IRA is a retirement account, employee benefit, tax deduction, tax-deferred and simple to setup.
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TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
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Пікірлер: 22
@SilviaManentFinancialAdvisor
@SilviaManentFinancialAdvisor Жыл бұрын
You're the best Travis.
@aThinkingChristian
@aThinkingChristian Ай бұрын
Excellent! Thanks.
@loudiamonds5888
@loudiamonds5888 Жыл бұрын
Thank you very much
@joysreesharma8892
@joysreesharma8892 5 жыл бұрын
Very helpful information!
@johnoconnor6516
@johnoconnor6516 2 жыл бұрын
Awesome video👌
@TravisSickle
@TravisSickle 2 жыл бұрын
Thanks 😀
@aryehjonathanbistricer5302
@aryehjonathanbistricer5302 Жыл бұрын
If I’m my own business owner is there a mandatory match to what I contribute?thank you
@stylerussell9230
@stylerussell9230 5 жыл бұрын
Can a sole proprietor contribute the max if they are not drawing a salary from the business? Meaning everything thing is business income.
@stylerussell9230
@stylerussell9230 5 жыл бұрын
Sickle Hunter Financial Advisors : Like A SEP?
@gtgeo316
@gtgeo316 2 жыл бұрын
Does the annual income limit include the employer match?
@TravisSickle
@TravisSickle 2 жыл бұрын
no
@rekirmar
@rekirmar Жыл бұрын
Hello, Is it true simple IRA is not required to be filed in taxes?
@TravisSickle
@TravisSickle Жыл бұрын
no, that is not true.
@sjc1235
@sjc1235 3 жыл бұрын
Can you simple ira and roth Ira?
@TravisSickle
@TravisSickle 3 жыл бұрын
Yes, depending on income.
@RunE076
@RunE076 4 жыл бұрын
What is the fee on a simple ira, is it yearly or monthly?
@TravisSickle
@TravisSickle 4 жыл бұрын
The fees depend on the firm and securities you hold.
@RunE076
@RunE076 4 жыл бұрын
Travis Sickle I do payroll with ADP an they want to charge me $20 a month with no setup fee, I don’t know enough about this to know if it’s a good deal or not, what do you think?
@TravisSickle
@TravisSickle 4 жыл бұрын
Fast AF depends, Is the plan for your business? Is the fee a flat fee or based on the amount invested? Are there additional fees?
@RunE076
@RunE076 4 жыл бұрын
Travis Sickle I have a small business, no employees yet, it’s a set fee, but because I’m a new ADP customer they have that offer of free setup, but I don’t know how the fees work, some websites have a yearly fee ($10-20) others say that there’s no fees, that’s where I get confused
@TravisSickle
@TravisSickle 4 жыл бұрын
Fast AF it sounds like the $20 is a processing fee so there could be other fees for the asset management. The bigger question is how much you plan on saving. The simple is a great plan for small employers but if you don’t have any employees and want to save more another plan may be better. Also, check the investment options too. That $20 fee most likely isn’t including those fees. And is that a per participant fee too?
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