Simple IRAs

A solid retirement option for small business owners and employees

What is a Simple IRA?

Simple IRA stands for Savings Incentive Match Plan for Employees Individual Retirement Plan. It is a traditional type of IRA that offers business owners a way to carry retirement accounts. Unlike the SEP IRA, the Simple IRA allows for employee payroll deferrals. Employees can not make individual IRA contributions directly to the plan.

How does it work?

Employees can supply their personal retirement account through pretax contributions. Employers must have 100 or fewer employees and are required to make a contribution on the employee’s behalf.

Benefits:

Less paperwork and costs than a traditional 401K
Taxes are deferred until withdrawn
Flexible

Meet Your Advisor

Note: Distributions from Simple IRAs prior to age 59½ may be subject to a 10% IRS penalty. Consult your tax advisor. Neither Cetera Investment Services, nor any of its representatives may provide tax advice.

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Located at: 631 Juliana Street, Parkersburg, WV 26101

Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFG STC Insurance Agency LLC), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered.

Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency.

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