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 and 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.