bank rates credit cards insurance finance calculators

Short Term IRA (Invesment Retirement Accounts)

Acronym for “Savings Incentive Matching Plan for Employees – Individual Retirement Annuities.” It is an employer-provided salary-reduction retirement plan that small employers are qualified to offer to their employees. In this system, the employer matches the contribution of the employee within 3% of the compensation. The employer may also choose to pay a contribution of 2% of wages for every eligible employee. Self-employed individuals can also avail Simple IRA accounts.

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 1.25 out of 5)
Loading...
No Existing Comments

Comments are closed.