Simple IRAs

Simple IRAs

Simple IRAs for Business Owners

Start a Simple IRA Plan to benefit you and your employees in 2016

A SIMPLE IRA plan offers your company some important benefits.

Easy to set-up and maintain. There are no complex reporting requirements, unlike a 401(k).  Contributions are made electronically.

Low administrative costs. SIMPLE IRAs are a low cost alternative for small business owners with limited financial resources who want to establish a retirement plan for their employees. 

Save more, tax-deferred, than is possible with a traditional IRA. The SIMPLE IRA offers immediate tax savings to both you and your employees.  Business owners and employees may defer up to 100% of compensation, with a maximum contribution of $12,500. Those aged 50 or over may contribute an additional $3,000.

Employer contributions are flexible and tax deductible. Employer contributions may be changed annually, and range from a dollar-for-dollar match up to 3% of pay, (which may be reduced to as low as 1% for two of every five years) or a non-elective contribution of 2% of pay for each employee. Employer contributions are fully deductible as a business expense up to certain limits. Additionally, employee pre-tax payroll contributions reduce the amount of employees' taxable income for the same year.

To find out if your business can benefit from a SIMPLE IRA plan, call 480-275-5219 to schedule a consultation with Michelle Patel, CFP®.

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*Securities and advisory services offered through FSC Securities Corporation, Member FINRA, SIPC and a registered investment advisor. Certain insurance products are offered through Moveo Financial Group, Inc., which is not affiliated with FSC Securities Corporation, and is not a registered broker dealer or investment adivsor. 2260 East Brown Road #6W Mesa, AZ 85213.  480-275-5219.  Michelle L. Patel is registered in the following states: Arizona, California, Colorado, Illinois, Oregon, and Washington.

This communication is strictly intended for individuals residing in the states where the registered representative is registered to conduct securities business. No offers may be made or accepted from any resident outside the specific state(s) referenced.


A Broker/dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker/dealer, investment adviser, BD agent, or IA registration requirements as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion. For information concerning the licensing status or disciplinary history of a broker/dealer, investment, adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.

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