Traditional IRA

What is a Traditional IRA? A Traditional IRA (Individual Retirement Account) is a personal savings plan that gives you tax advantages for setting aside money for retirement. The 2021 Traditional IRA contribution limit is $6,000 or $7,000 for those age 50 or older. Some of the investments that may be selected inside a Traditional IRA are mutual …

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SIMPLE IRA

What is a SIMPLE IRA? The SIMPLE IRA is an employer sponsored retirement plan available to small businesses with less than 100 employees including sole proprietorships, partnerships, S corporations and C corporations. SIMPLE IRA’s consist of 2 parts: an optional employee salary deferral and a mandatory employer match. SIMPLE IRA’s are easy to administer and …

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Solo 401k Providers

Beacon Capital Management Advisors is experienced in setting up Solo 401k plans for our clients and we have developed working relationships with many Solo 401k providers. In general Solo 401k plans are broken down into 3 main groups and below are some of the defining features.​ 1) Solo 401k plans with one mutual fund family …

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Solo 401k Calculator

How much can I contribute into a Solo 401k, SEP IRA, Defined Benefit Plan or SIMPLE IRA? Using the retirement calculator you can calculate the maximum annual retirement contribution limit based on your income. Enter your name, age and income and then click “Calculate.” The result will show a comparison of how much could be contributed into …

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