Simple IRA Contributions

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Topic Author
tickestimator
Posts: 4
Joined: Sun Dec 27, 2020 3:20 pm

Simple IRA Contributions

Post by tickestimator »

Hello,
I own/run a small business and am finally looking to setup a SIMPLE IRA for the me/employees for this year and ongoing. Trying to lower my taxable income. My question is, is the only way to fund the IRA is through payroll deductions? Was trying to figure out if I could use previous payroll to fund, or only future payroll? I appreciate any feedback. Thanks.
Post Reply