IRA Online Resource Guide - IRA-Funded Plans - Payroll Deduction IRA Plans |
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Under a Payroll Deduction IRA, an employee establishes an IRA (either a Traditional IRA or a Roth IRA) with a financial institution. The employee then authorizes a payroll deduction for the IRA with the remainder of the employee’s pay being distributed to the employee as before.
Publications:
Publication 3998, Choosing a Retirement Solution for Your Small Business
This publication provides an overview of retirement plans available to small businesses.
Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans)
Publication 590, Individual Retirement Arrangements (IRAs)
Publication 4118, Lots of Benefits when you set up an employee retirement plan
This publication discusses the stages involved in the Retirement Plan Life Cycle.
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Page Last Reviewed or Updated: March 04, 2009