Post #342 by WEBspired on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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I retired from a medical practice and was the main partner looking over our retirement plan. We chose a SIMPLE IRA (Fidelity) with 3% match which cost each participant only $25/year & provided extreme flexibility in whatever one wanted to invest in. I did not want to deal with the fees, choosing fund options and the other time and energy which I’d have to devote to a 401k. I promoted our SIMPLE plan every year and highly encouraged all staff to participate, but only 60% chose to participate despite my best efforts with strong reminders of the 3% match. You can lead a horse to water…

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