A SIMPLE IRA is a retirement plan designed for self-employed people and small businesses with 100 or fewer employees. It's a cheaper (and easier) plan for an employer to set up compared to a ...

If you withdraw funds from your SIMPLE IRA before reaching the age of 59 1/2, you will incur an extra tax of 10 percent on the taxable amount unless you meet the criteria for an exemption. In certain ...

An individual retirement account (IRA) is a versatile personal savings plan designed to help Americans save for retirement, offering tax benefits along the way. If you've heard about IRAs but never ...

Cost and administrative complexity are two of the most frequently cited reasons small businesses give for not offering a retirement plan. But the Simplified Employee Pension (or SEP) IRA and the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Anthony Battle is a CERTIFIED FINANCIAL PLANNER™ professional. He earned the Chartered ...