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It’s SIMPLE-ish

October 24, 2019

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In the gray area between IRAs and qualified plans (employer-sponsored retirement plans that qualify for special tax treatment) are SIMPLE plans (retirement plans that are commonly offered by companies with no more than 100 employees). Sometimes SIMPLE plans follow the IRA rules and sometimes they follow the qualified plan rules. This confusion about which rules a SIMPLE plan adheres to might be what makes moving forward with it a scary prospect for employers.

Today, we are going to do our best to simplify the SIMPLE plans

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1105 E. Eighth St.
Traverse City, MI 49686

231-947-3992
Check the background of the Firm and the Investment Professional(s) on FINRA’s BrokerCheck.
Advisors associated with Prout Financial Design may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services; or (2) solely investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services, and not affiliated with LPL Financial. Investment advice offered through Capital Asset Advisory Services, LLC. dba CG Advisory Services, a registered investment advisor. Capital Asset Advisory Services, LLC. dba CG Advisory Services and Prout Financial Design are separate entities from LPL Financial.

Dennis Prout and Nathan Prout are solely investment advisors and representatives of Capital Asset Advisory Services, LLC., CG Advisory Services, and is not affiliated with LPL Financial.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
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