One benefit of a simple IRA is that it allows
A) employees of small companies to save more than a regular IRA.
B) employees to invest in the corporate bonds of their employers.
C) business owners to use employee retirement funds to help finance their small business.
D) employees to withdraw funds from the IRA prior to retirement without penalty.

Question

Quizplus · Accepted Answer

A simple IRA allows employees of small companies to save more than a regular IRA. The contribution limits for a simple IRA are higher than those for a regular IRA, allowing employees to save more money for their retirement.

One Benefit of a Simple IRA Is That It Allows