For the small business owner, it can be challenging to know which retirement plan is best suited to his or her small business.  401k plans are the more popular retirement option, but for smaller businesses, managing a 401k plan may not be a good fit.  A Simple IRA plan might make more sense.  To review the differences between a Simple IRA and a 401k, watch our YouTube video.

Opening a Simple IRA account is... well, really simple.  Just complete the FREE Simple IRA Account kit form and we'll take it from there.

Here are some Simple IRA rules and tid-bits for you to consider:

• Maximum contribution is $11,500
• $2,500 additional if over age 50
• Employer match of 3% required
• No compliance testing required