Are you looking for a cost effective way to save for retirement for you and your employees without the hassle of a lot of paperwork? Consider a SEP or SIMPLE IRA.

SEP-IRA

  • An ideal plan for the self-employed or small business owner to make employer contributions.
  • A SEP IRA plan may allow you to contribute more to your retirement plan annually than traditional plans allow, with the added benefit of being tax-deductible and tax deferred.
  • You can establish and make contributions to a SEP IRA any time up to your business tax return due date (including extensions) for the previous tax year.

SIMPLE-IRA

SIMPLE IRAs are retirement plans available to small business with 100 or fewer employees. (To be eligible, the employer may not maintain another qualified plan at the same time.)

  • A tax-sheltered retirement savings plan with deductibility advantages.
  • Contributions consist of employee salary deferrals and employer contributions.
  • We encourage you to consult your financial or tax adviser about choosing the right plan for you.