Client of the Week

From Commercial Development to Secure Retirement

A 41-year-old real estate agent from North Carolina 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 $150k in W2 income and putting $122k into a Defined Benefit plan. Further, 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 $1.8 million by retirement age.

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