SEP IRA Vs SIMPLE IRA : Small Business Retirement Plans

[@1AAbraham]

Good info, however visual aids would help when you're spouting so many numbers. It's a video, not a podcast.

[@dosmasdos9542]

Best channel in KZbin

[@steph217FearNot]

Thank you, great video.

[@jayroller7054]

Thank you for the video and information brother!

[@Bormanb23]

In my situation, I have a small business and I’m contributing towards my SEP IRA. I’m also W-2 with another company. Can I contribute to both at the same time and max out the limits on both?

[@Virtues162]

Thanks for the video! Can a self-employed add Roth to one of the two IRAS (SEP and SIMPLE)? In other words, if a self-employed already has a ROTH IRA, can he/she add and more plan ?? Many thanks

[@donoverstreet3210]

Excellent video, thanks-

[@s1u8n]

does SEP IRA reduces employee's Adjusted Gross Income?

[@robbydigital3649]

I thought I had a grasp on this IRA thing but I guess not! Gonna give your office a call

[@AK.Exploring]

I'm a contractor and I wanna set up a simple IRA account for myself. I have no employee. Can I do that? I'm a sole proprietor. Or do I need a s Corp or LLC to do this

[@scottnoren8858]

Is a 5% sales fee for a simple ira?

[@akhilraparthi2208]

I am waiting for the latest video on this same topic

[@TravisSickle]

what exactly are you looking for?

[@akhilraparthi2208]

@@TravisSickle IRA's in-depth , insightful videos (2021,2022)

[@kekog9292]

Do I have to pay taxes on sep ira every year?

[@askingalexandria300]

As in you don't pay taxes until you take distributions.

[@2020Dreamlife]

No

[@CPaulBreezy]

What if the business owner has over the 100 employees that the simple IRA plans allow but many of the employees are part time employees who make less than the $5k minimum. Does that business still qualify for the SIMPLE plan?

[@TravisSickle]

Is this a business you own or work at?

[@CPaulBreezy]

The answer is... only the employees who make more than $5000 a year count was the “qualifying employees” to have a simple IRA. For example, if you have 120 employees total but, only 80 (including owners of the business) make $5000+ a year, you can still qualify for a simple IRA.