SIMPLE IRA contribution
for Indv. over age 50, the SIMPLE IRA 2018 is $15,500, is this the TOTAL for employee and Employer?
Or is it $15,500 for the E/e….then the employer match is above and beyond this amount?
Thanks.
for Indv. over age 50, the SIMPLE IRA 2018 is $15,500, is this the TOTAL for employee and Employer?
Or is it $15,500 for the E/e….then the employer match is above and beyond this amount?
Thanks.
Permalink Submitted by Alan - IRA critic on Thu, 2018-12-20 16:17
The latter. Matching contributions are in addition to the 15,500 limit for salary reduction contributions.