Retirement Plans

Are you confused about all the different types of retirement plans? It’s complicated! Depending on the type of retirement account you have, different rules apply

IRA’s

IRA, or Individual Retirement Accounts, are retirement accounts owned by an individual. There are two fundamental types of IRA’s, a traditional IRA and Roth IRA.

SIMPLE IRA

A SIMPLE IRA plan is a salary reduction retirement plan for certain small businesses that is established in the form of employee-owned traditional individual retirement accounts (but with a higher contribution level).

  • Life is not about what you make;
    Life is about what you make of the gifts and talents you have.

    Jerry Davis
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