Only available for companies with less than 100 employees and have no other retirement plans in place; often cheaper and easier to set up than 401ks, so these plans are good for small businesses. Employee cannot withdraw or roll funds into another IRA from a SIMPLE in the first two years without incurring a 25% penalty plus ordinary income tax.
CFP® certification is a voluntary certification granted in the United States by Certified Financial Planner Board of Standards, Inc. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Individuals who become certified are required to complete continuing education.