Yes, IRS Form 5498 is one more form for you to deal with, but it doesn't make your tax life much more complicated. It's a benign, and even helpful, form. What's so great about it? Well, you don't have ...

A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement plan specifically designed for self-employed individuals and small businesses with 100 employees or fewer. It's a more ...

A SIMPLE IRA is a type of individual retirement account offered by small businesses. In 2025, SIMPLE IRAs allow for employee contributions up to $16,500 annually. Employers are required to contribute ...

The SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) offers a retirement savings solution that is especially suitable for small businesses and employees. It stands ...

SIMPLE IRA participants: Individuals aged 60 to 63 with a SIMPLE IRA cannot contribute the additional $11,250 that those with a 401 (k) can. Instead, they are subject to the regular SIMPLE IRA limits ...