A ‘Simple’ Idea to Save on Taxes

For small-business owners (and their employees) SIMPLE IRAs can be a slam-dunk at tax time.

Happy Latin American business woman doing the books at a restaurant
(Image credit: andresr)

If you are a small-business owner, you may want to consider a very popular small-business company retirement plan called a "SIMPLE IRA." There is a reason why it is called "simple." It's about as easy to open as an IRA, with larger contribution limits, and opening this plan will not prohibit you from investing in a personal IRA.

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Mike Piershale, ChFC
President, Piershale Financial Group
Mike Piershale, ChFC, is president of Piershale Financial Group in Barrington, Illinois. He works directly with clients on retirement and estate planning, portfolio management and insurance needs.