Client of the Week

A Retirement Plan with Curb Appeal

A 52-year-old real estate agent grossing $500,000 into his S Corp pays himself $150,000 as a W-2 employee. His S Corp is then allowed to put away $218,300 for him in a Defined Benefit plan and use it as a tax deduction. This provides a tax savings of $80,000 and a potential accumulation of $1.8 million into the plan over its lifetime.

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