Client of the Week: High Income Self Employed Stories Dedicated DB

Client of the Week

This Week

Being on the Right Side of the Fence

Our clients’ fence installation business is about setting boundaries, but these Florida-based contractors have pushed the bounds of their retirement planning. They want to save and defer taxes on as much of their S-corp income as possible. Based on a combined W-2 income of $72,000, this married couple in their 50s is able to contribute $125,000 a year into a Defined Benefit plan. Their estimated tax savings for 2019 will be over $47,000. Plus if they keep their Defined Benefit plan for 5 years, then they will accumulate $965,000.

Estimate contribution and deduction with our DB calculator Try it now

Send this to a friend