Is A Defined Benefit Plan Right For You?

A Powerful Tool for Qualified Self-Employed Professionals

Defined Benefit plans do not work for everyone. In fact, they are often overlooked as a tax savings and retirement building tool because relatively few individuals are in the right circumstances to use them. For high-income, self-employed professionals and small business owners, however, Defined Benefit plans can deliver a powerful, tax-advantaged strategy for building a large retirement nest egg.

The best candidates for Defined Benefit plans are high-income professionals who:

  • Have self-employment income (1099 and/or W-2) from:
    • A sole proprietorship, S-Corp or LLC, or
    • Have side income from freelance work
  • Are self-employed spouses of high-income earner
  • Are 40 years of age or older
  • Earn at least $100,000 annually
  • Are willing and able to contribute more than $50,000 per year to a retirement plan for at least 3 consecutive years, 
  • Would like to contribute a higher percentage of their compensation to a retirement plan than allowed under a 401(k) or SEP-IRA 

Typical professions well suited to Defined Benefit plans include:

  • Actors
  • Architects
  • Attorneys
  • Consultants
  • Dentists
  • Graphic Designers
  • Independent Corporate Directors
  • Independent Insurance Agents
  • Mortgage Brokers
  • Orthodontists
  • Physicians, including locum tenens
  • Real Estate Agents
  • Small Business Owners
  • Software Developers

To find out more about how these plans help professionals, read our Case Studies:

Are You a Business Owner With Employees?

For business owners with 0 – 10 employees, a Cash Balance plan may be a better option for you.  Read more about Cash Balance Plans here:

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.

Want to know more about Defined Benefit Plans?

Sign up below and we will send you our two page Defined Benefit Plan Highlights pdf so you can have all the information at your finger tips.