SIMPLE IRA vs. 401(k)
Have Your Clients Outgrown Their SIMPLE IRA?
For small companies, a SIMPLE IRA can make sense as a retirement savings option for both the business owner and their employees. But as the company grows, a SIMPLE IRA might no longer be a fitting solution.
By understanding the key differences between the two plans, you can quickly identify if now is the right time to convert to a 401(k) plan.
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