Started the new job - Simple IRA | TigerDroppings.com

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03geauxtigers
LSU Fan
New Orleans
Member since Aug 2009
133 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



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Ford Frenzy
New Orleans Saints Fan
337 posts
Member since Aug 2010
5528 posts

re: Started the new job - Simple IRA


maximize it so that you get the full 3k





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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
90 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.





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roguetiger15
LSU Fan
Member since Jan 2013
4056 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
9196 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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