Use this tag for questions about the SIMPLE IRA, an employer-sponsored retirement plan for small businesses. For questions about conventional IRAs, use the tag "ira" instead.

learn more… | top users | synonyms

1
vote
2answers
44 views

Medical Bills and IRA Distributions

From my research I think we have unknowingly and accidentally screwed ourselves here, but I would like to ask to confirm. Oct 2015: Our son needed emergency surgery when we were traveling in Panama ...
1
vote
0answers
29 views

Do matching contributions under SIMPLE IRA apply to IRS 93-27 and 2001-43 distributions

A SIMPLE IRA is set up which includes 3% matching contributions. An employee receives money through payments which are under IRS 93-27 and 2001-43 guidelines. The payments are sort of like owning ...
2
votes
1answer
117 views

How can I make a SIMPLE IRA employee contribution for 2014 in March 2015?

I work at a startup of two people. We have a SIMPLE-IRA retirement plan where we each contribute a fixed amount of money per paycheck to said account. Additionally the company matches dollar for ...
6
votes
4answers
573 views

Where do I invest my Roth IRA besides stock market and mutual funds?

I'm 25, I've invested most of my Roth IRA in the stock market, and have recently moved money to a peer to peer lending account for better compound interest returns. Where else should I consider ...
0
votes
1answer
69 views

Simple IRA Non-elective Contributions and Maximum 401k Employee contributions?

Person is an employee and is self-employed. Person has maxed out annual 401k contributions at employer's company. Can this person receive Simple IRA 2% annual nonelective contributions from second ...
1
vote
1answer
846 views

Penalties for cashing out on a SIMPLE IRA early

I want to know what are the penalties that an individual will face if they withdraw on a SIMPLE IRA outside of a hardship distribution? (Additionally) I noticed in another post someone mentioned a '2-...
7
votes
3answers
21k views

If I have a Simple IRA can I also contribute to a Traditional IRA and/or Roth IRA?

I have a Traditional IRA and a Roth IRA. This year my company introduced a Simple IRA. As long the contributions to the Traditional+Roth are below the yearly limit, can I contribute to all three ...
10
votes
3answers
169 views

Matching but no investing, or investing but no matching?

(This is a simplified version of an earlier question I posted - I want to try to get back to basics so I can understand the principles involved in my decision) Given the following two options: ...
9
votes
1answer
2k views

Options for a Simple IRA when leaving a job: Leave as is or roll it over?

I currently have a Roth IRA that I max out every year. My current company had Simple IRA and contributed 2% of my salary and I contributed 6000 a year. Now I am leaving the company and was hired by ...