SIMPLE IRA Contribution Limits for 2026

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A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement plan specifically designed for self-employed individuals and small businesses with 100 employees or fewer. It's a more affordable (and easier) plan for employers to set up compared to a traditional 401(k). However, the amount a worker can save in a SIMPLE IRA is less than what they can save in a 401(k).

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