Financially Simple

In episode 187 of Financially Simple, Justin goes over SIMPLE IRAs. A SIMPLE IRA is a Savings Incentive Match Plan for Employee IRA, which is a tax-deferred retirement plan allowing for investment. Justin explains the pros and cons of a SIMPLE IRA, and why a Business Owner might choose one over another employee retirement strategy. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! FULL TRANSCRIPTION: BLOG: Small Business Retirement Plan Comparison _________________   TIME INDEX: 01:10 - What is a SIMPLE IRA and When Should I Use It? 02:49 - IRA vs. SIMPLE IRA 08:21 - Requirements 11:26 - Pros of a SIMPLE IRA: Easy to Establish 12:25 - Tax Credits 13:08 - Contributions 15:38 - Cons of a SIMPLE IRA: Can't Save as Much for Retirement 16:18 - It Cannot Be Rolled Over into a Traditional IRA Easily 17:29 - No ROTH Option 17:51 - Conclusion _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financi