Carry Learning Center

Finding a retirement plan that fits a small business budget isn’t always easy. Many owners want to help their employees save for the future but don’t have the time or resources to manage a complex 401k setup. A SIMPLE IRA can be a practical middle ground. A SIMPLE IRA, or Savings Incentive Match Plan for Employees, [...]

A SIMPLE IRA gives small businesses and self-employed individuals an easy way to offer a retirement plan without the higher costs or complex rules of a 401k. It has lower contribution limits, but it’s straightforward to manage and offers meaningful tax benefits.  Here’s a breakdown of how much employees and employers can contribute for 2025. [...]

Starting a retirement plan is one thing. Knowing when and how you can take money out is another.  A SIMPLE IRA works a lot like other retirement accounts, but it has an extra twist when it comes to withdrawals. Most rules feel familiar, yet the IRS applies a stricter penalty during your first two years of [...]

Business owners often look for retirement plans that are simple to manage and flexible enough to support long-term saving. The SEP IRA and SIMPLE IRA can meet those needs. Both plans offer higher contribution limits than a traditional or Roth IRA, and they are easier to administer than a full 401k program. These features make [...]

Many employers choose a SIMPLE IRA because it keeps retirement benefits straightforward and cost-effective. That simplicity works well early on. Over time, it can raise new questions, especially when job changes, income grows, or retirement goals shift. At that point, the ability to move money out of a SIMPLE IRA starts to matter. Rollover rules for [...]