SIMPLE IRA & SIMPLE 401(k)  plans are popular for smaller businesses and self-employed individuals.
	The contribution limits for SIMPLE IRAs will also begin to increase in 2002.
	The current deferral limit of $6,500 will increase to $7,000 in 2002 and go up $1,000 a year until reaching $10,000 in 2005. There after, increases will be adjusted for inflation in $500 increments.
	Catch-up provisions for participants in a SIMPLE start at $500 in 2002 and go up $500 per year until 2006 when they reach $2,500. Catch-up contributions would not be subject to any other contribution limits and are not subject to any non-discrimination rules, except the plan would have to allow all eligible employees age 50 and older to participate in the catch-up provision.
	Total contribution limits to a SIMPLE and Traditional or Roth IRA cannot exceed 100% of compensation.