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Background:

  • 26 years old

  • In a 4-member S-Corp: we are a family

I have a ROTH IRA set up for myself that I've been contributing $5,500 per year.

I'd like to start a SIMPLE IRA for my company.

1) Is it possible to invest in both types of IRA with 2 separate limits (so $5,500 for ROTH + $12,500 for SIMPLE = $18,000 for both)?

2) Is the SIMPLE IRA the best option?



Submitted January 23, 2017 at 04:28PM by thejephster http://ift.tt/2iXIDlY

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