Question: SEP Versus SIMPLE Plans Compare and contrast a Simplified Employee
SEP Versus SIMPLE Plans. Compare and contrast a Simplified Employee Pension (SEP) plan and a Savings Incentive Match Plan for Employees (SIMPLE).
Answer to relevant QuestionsBarry has just become eligible for his employer sponsored retirement plan. Barry is 35 and plans to retire at 65. Barry calculates that he can contribute $ 3,600 per year to his plan. Barry’s employer will match this ...Assuming an 8% return, how much would Barry have if he could invest an additional $ 1,000 per year that his employer would match beginning at age 35? If Dave and his employer contribute a total of $ 10,000 annually, how much will that amount accumulate over the next 30 years, at which time Dave and Sharon hope to retire? How do gifts fit into estate planning? Describe two common types of wills.
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