For simplicity, employers might prefer the SIMPLE IRA. For flexibility, a 401(k) plan provides a wider array of choices. Many, or all, of the products featured on this page are from our ...

Learn how to decide whether to max out your 401(k) or IRA first based on your income, tax bracket, and retirement goals.

Reporting and administrative responsibilities associated with a SIMPLE IRA are less onerous than establishing a 401(k) plan. Rather than having special administrative procedures, most financial ...

SIMPLE IRAs have higher contribution limits than traditional and Roth IRAs, and it's cheaper to set up and run a SIMPLE IRA plan than it is to administer many other workplace retirement plans.

The best retirement plan for self-employed folks depends on ... Eligibility requirements for opening a SEP IRA are simple: You must be at least 21 years old and make a minimum of $650 per year.

The two primary types of retirement accounts you may encounter are 401 (k) plans and individual retirement accounts (IRAs).

A SIMPLE IRA is a type of retirement plan designed for small businesses with 100 employees or fewer. It offers tax-deferred growth and mandatory employer contributions to help employees save for ...