u/EasyPay8260

Hey everyone!

I'm starting a job that includes a SIMPLE IRA, but to be honest, I don't understand how it works (or Roth IRAs/401(k)s in general).

The offer letter states that the company matches 100% of what I contribute up to 3% of my annual salary.

I’ve heard there can be tax complications with retirement accounts and I'm wondering if it’s smarter to only contribute up to the company match, or if there’s actually a benefit to putting in more than that. I know this is probably basic stuff, but nobody ever explained any of it to me, and I’m trying to understand! Thanks in advance!