Are You Doing the Best for Your Clients?

21st Jun 2016

Smiling Financial Advisor

Could your clients be saving more?

By the time you get your hands on clients’ 2016 earnings information it’s most likely too late to recommend a qualified plan to reduce taxes. But if you could talk to your clients before December 31st, which of these solutions would you suggest?

The Opportunity:

Cathy, age 45, is a freelancer married to a high earning corporate employee.  She nets about $100,000  annually. They don’t need her income to maintain current lifestyle and would like to save as much as possible.

SOLUTION 1: SEP-IRA
Contribution to Retirement: $18,500
Current Year Tax Savings: $7,000*

SOLUTION 2: Solo 401(k)
Contribution to Retirement: $36,500
Current Year Tax Savings: $13,800*

SOLUTION 3: Defined Benefit + Solo (k)
Contribution to Retirement: $69,000
Current Year Tax Savings: $26,200

*Assumes 38% tax rate. If the client were older, she could contribute as much as 80% of her net income to the defined benefit + 401(k).

OnePersonPlus Logo

Proposal Image

Which of your clients would be better off making higher deductible contributions?

 

Calculate Your Client’s Contribution

spacer
Typical Clients

Review typical client profiles

Handy reference to client profiles and contribution limits

spacer
Defined Benefit Plan Presentation

Weekly Demo Signup

Learn the basics of defined benefit plans for your small business and self-employed clients.

  • How defined benefit plans work
  • Which clients benefit?
  • What materials are available?
  • How to get started

Sign up to learn more

Contact Us

Call 866-269-2706 or Email DBPlans@dedicated-db.com

As always, our defined benefit consultants are available to discuss your client’s situation and let you know if our plans might fit.

www.OnePersonPlus.com

www.Dedicated-DB.com

Dedicated DB@ DedicatedDB

A Defined Benefit plan provides #retirement benefits for corporate board members who receive high salaries. See how… https://t.co/udADc6rmdF

9:00 PM 24 June 2022

Dedicated DB@ DedicatedDB

Clients are looking at the world differently and #advisors are here to help. https://t.co/POMSnpfbi9

8:01 PM 24 June 2022

Dedicated DB@ DedicatedDB

The increase in #smallbusinesses have created greater interest in retirement planning strategies for the self-emplo… https://t.co/xxDGXvjzvI

7:08 PM 24 June 2022

Dedicated DB@ DedicatedDB

9 signs a client relationship is in danger. https://t.co/1GsJrXtyJI

7:03 PM 24 June 2022

Dedicated DB@ DedicatedDB

What's next in #wealthtech? Innovators weigh in at INVEST 2022. https://t.co/oTSprapOES

5:10 AM 24 June 2022

Dedicated DB@ DedicatedDB

Advisors, we have resources for you to help clients understand and build their #retirement plans. https://t.co/8at2JCWOtV

4:30 AM 24 June 2022

Estimate contribution and deduction with our DB calculator Try it now