Client of the Week

This Week

From Commercial Development to Secure Retirement

A 41-year-old commercial real estate agent from California found a way to make money during the pandemic and substantially grow her retirement savings. She is grossing $300k into her S corp, paying herself $120k in W2 income and putting $122k into a Defined Benefit plan. What’s more, she has the option of potentially funding a solo 401(k), if things continue to pick up in her local Palm Springs market by year’s end. With a current tax savings of $45k, she can accumulate a lump sum of $1.4 million by the end of her nine-year plan.

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