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03geauxtigers
LSU Fan
New Orleans
Member since Aug 2009
136 posts

Started the new job - Simple IRA

Smaller company so they offer simple IRA, and I am planning to take advantage of it, but they will only match up to $3K.

Anybody here dealt with Simple IRA before and can give me any pointers on how to maximize it?
This post was edited on 4/8 at 1:45 pm



Ford Frenzy
New Orleans Saints Fan
337 posts
Member since Aug 2010
5751 posts

re: Started the new job - Simple IRA
maximize it so that you get the full 3k


Jimmy2shoes
LSU Fan
The South
Member since Mar 2014
436 posts

re: Started the new job - Simple IRA
Contribute to the point that you get the full $3000


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tigerrocket
LSU Fan
Member since Aug 2008
102 posts

re: Started the new job - Simple IRA
I assume that the employer matches dollar for dollar on the first 3% that the employee contributes. In order to get the full $3k employer match, the employee would have to be making $100k.


roguetiger15
LSU Fan
Member since Jan 2013
6028 posts
Online

re: Started the new job - Simple IRA
Simple employer can match up to 3 percent of salary. Max contribution is 12k and 2500 catch up contribution for 2014
This post was edited on 4/8 at 5:46 pm


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Tigerpaw123
USA Fan
Louisiana
Member since Mar 2007
9949 posts

re: Started the new job - Simple IRA
We have these at my work, best thing about them is that the account is in your name, it goes with you when and if you leave, no vesting


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