Client of the Week

This Week

Flexible Software Leads to Flexible DB Plan

A 39-year-old consultant out of North Carolina leads strategic technology projects for an HR software platform used by many Fortune 500 companies. He previously funded a SEP-IRA until finally maxing out contributions in 2019. Based on his $250,000 Schedule C, he will now contribute $95,000 annually to a Defined Benefit plan – with a total accumulation of over $1.6 million by the end of the plan’s life.

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