High-Impact Retirement Plans with Tremendous Tax-Saving Benefits
A Defined Benefit (DB) plan is an IRS-approved qualified retirement plan that can enable self-employed professionals and small business owners with high incomes to substantially cut their tax bills. Defined Benefit plans are similar to large company pension plans, but they can also be established for self-employed professionals. Cash Balance plans are a type of DB plan that work well for business owners with fewer than 10 employees. IRS rules allow DB plan owners to make very large tax-deductible contributions each year–much more than permitted for IRAs or 401(k)s–thereby potentially saving DB plan owners tens of thousands of dollars in taxes each year.
Over the life of a Defined Benefit plan, a plan owner can potentially cut hundreds of thousands of dollars from his or her tax bill while rapidly and tax-efficiently building a multi-million dollar nest egg.
Advantages of Defined Benefit and
Cash Balance Plans
Large Contributions
Highest allowable tax-deductible contributions qualified plans
Huge Tax Savings
Owner can contribute larger amounts so have the potential for annual tax savings of $40,000 or more
Rapid Wealth Creation
Assets grow tax-deferred, building wealth faster
Small Business Friendly
Can be used by self-employed professionals or business owners with employees
Easy Rollover
Tax-free rollover to an IRA at retirement (or at plan termination)
Flexible Investments
We work with you to develop an investment strategy suitable for your circumstances
Simple Set Up
We walk you through the process from start to finish
Conservative, More Secure Investment Profile
Investments are tied to a conservative benchmark to avoid dramatic market fluctuations
Self-Employed Professionals And Business Owners Are Uniquely Suited To Open Defined Benefit and Cash Balance Plans
Defined Benefit (DB) plans are not as widely understood as IRAs or 401(k)s, perhaps because they are accessible only to a select group of individuals who are in the right circumstances. Self-employed professionals and small business owners are often good candidates to take advantage of the benefits Defined Benefit and Cash Balance plans offer because they typically:
- Earn a high income
- Pay a very high tax rate on their income
- Have few expenses with little to no overhead . . . and therefore few available tax deductions
More Detail
Read more detail about these powerful tax and retirement savings options and find out if they will work for you.
Tax Savings
How much can you save? Take 1 minute to fill in our short Tax Savings Analysis form and we will help you find out.
Case Studies
Read how these plans have helped other self-employed professionals and business owners save tens of thousands.
About Us
We craft custom retirement plan solutions to maximize clients’ tax savings while rapidly building retirement wealth.
