Client of the Week

This Week

Construction Biz Builds Huge Nest Egg

A husband-and-wife business in California were netting $500,000 a year by providing construction fence products. Then this entrepreneurial couple landed a contract with a leading technology company worth $5 million per year, to build secure fences around the company’s data centers. With the husband’s income at $280,000 and the wife’s income at $150,000, they were able to open and max out their Cash Balance retirement plan. As a result, the two owners were able to contribute a total of $202,000 to the plan, while giving their employees a total of $10k. Based on the plan’s design, the husband and wife will accumulate $2.7 million and $1.8 million respectively.

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